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2023
Exports $4.99BWorld Rnk 1 / 166
Flag Rnk 125 / 1215
2023
Destination $349M India
2022 - 2023
FASTEST GROWING MARKET $349MIndia
2023
PRODUCT COMPLEXITY IN Cranes0.61Rnk 326 / 1025
2023
Imports $162MWorld Rnk 29 / 218
Flag Rnk 540 / 1214
2023
Origin $22.7M Germany
2022 - 2023
FASTEST GROWING ORIGIN $22.7MGermany
2023
ECONOMIC COMPLEXITY of China1.16Rnk 21 / 132

About

Exports In 2023, China exported $4.99B in Cranes, making it the 1st largest exporter of Cranes in the world. At the same year, Cranes was the 125th most exported product in China. The main destination of Cranes exports from China are: India ($869M), Russia ($470M), Indonesia ($382M), Singapore ($325M), and Turkey ($291M).

The fastest growing export markets for Cranes of China between 2022 and 2023 were India ($349M), Russia ($262M), and Turkey ($251M).

Imports In 2023, China imported $162M in Cranes, becoming the 29th largest importer of Cranes in the world. At the same year, Cranes was the 540th most imported product in China. China imports Cranes primarily from: Germany ($32.5M), South Korea ($24.1M), Italy ($17.6M), Netherlands ($15.6M), and Slovenia ($7.65M).

The fastest growing import markets in Cranes for China between 2022 and 2023 were Germany ($22.7M), South Korea ($21.8M), and Netherlands ($8.54M).

COMPANIES In 2024, leading companies such as Hankook Tires (420), Itourscm (272), and CrimsonLogic (224) were at the forefront of shipping Cranes from China to the United States.

Latest Trends

December 2024

About

Overview In December 2024 China's Cranes exports accounted up to $597M and imports accounted up to $10.4M, resulting in a positive trade balance of $587M. Between December 2023 and December 2024 the exports of China's   Cranes have increased by $160M (36.7%) from $437M to $597M, while imports decreased by $-20.6M (-66.3%) from $31M to $10.4M.

Destinations In December 2024, Cranes were exported mostly to Sri Lanka ($73.9M), Thailand ($57M), India ($50.6M), Russia ($40.5M), and France ($38.2M), and were imported mostly from Germany ($3.59M), United Kingdom ($2.9M), Malaysia ($1.96M), China ($945k), and United Arab Emirates ($420k).

Growth In December 2024, the increase in Cranes's year-by-year exports was explained primarily by an increase in exports to Chinese Taipei ($69.8M or 5.05k%), Oman ($54M or 10.7M%), and United Arab Emirates ($39M or 900%). In December 2024, the decrease in Cranes's year-by-year imports was explained primarily by a decrease in imports from China ($-19.9M or -96%), Italy ($-3.92M or -91.4%), and Japan ($-689k or -95.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$160M(36.7%)
IMPORT GROWTH (December 2023 - December 2024)$-20.6M(-66.3%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)Sri Lanka$73.9M

This section shows Cranes's exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Cranes over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$4.99B
IMPORTS (2023)$162M
NET TRADE (2023)$4.83B

In 2023, China exported $4.99B in Cranes. The main destinations of China exports on Cranes were India ($869M), Russia ($470M), Indonesia ($382M), Singapore ($325M), and Turkey ($291M).

In 2023, China imported $162M in Cranes, mainly from Germany ($32.5M), South Korea ($24.1M), Italy ($17.6M), Netherlands ($15.6M), and Slovenia ($7.65M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cranes EXPORT MARKETS FOR China WERE (2022 - 2023):
India$349M (67.1%)
Russia$262M (125%)
Turkey$251M (632%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cranes BY China WERE (2022 - 2023):
Israel-$101M (-80.8%)
South Korea-$95.6M (-45.9%)
Nigeria-$87.1M (-85.7%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, China's main exporting competitors in Cranes were:
Germany $2.67B
Japan $1.4B
In 2023, China's main importing competitors in Cranes were:
United States $2.13B
India $1.03B
Germany $666M

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Trade Value of Cranes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $122M
TOP IMPORT POTENTIALGermany+ $9.06M

Cranes’s highest export potential is India. With an export gap of $122M.   Cranes’s highest import potential is Germany with an import gap of $9.06M.

See methodology.

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