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2022
Exports $510MWorld Rnk 6 / 169
Flag Rnk 385 / 1217
2022
Destination $59.9M Canada
2021 - 2022
FASTEST GROWING MARKET $59.9MCanada
2022
PRODUCT COMPLEXITY IN Cranes0.76Rnk 258 / 1025
2022
Imports $1.48BWorld Rnk 1 / 215
Flag Rnk 319 / 1216
2022
Origin $51.7M Japan
2021 - 2022
FASTEST GROWING ORIGIN $51.7MJapan
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $510M in Cranes, making it the 6th largest exporter of Cranes in the world. At the same year, Cranes was the 385th most exported product in United States. The main destination of Cranes exports from United States are: Canada ($183M), Mexico ($67.2M), United Kingdom ($13.5M), Dominican Republic ($12.9M), and Saudi Arabia ($12.3M).

The fastest growing export markets for Cranes of United States between 2021 and 2022 were Canada ($59.9M), Mexico ($17.2M), and Argentina ($11.2M).

Imports In 2022, United States imported $1.48B in Cranes, becoming the 1st largest importer of Cranes in the world. At the same year, Cranes was the 319th most imported product in United States. United States imports Cranes primarily from: Japan ($297M), Germany ($259M), Italy ($138M), Canada ($134M), and Austria ($129M).

The fastest growing import markets in Cranes for United States between 2021 and 2022 were Japan ($51.7M), Finland ($34.1M), and Austria ($27.4M).

COMPANIES In 2023, leading companies such as American Omni Trading Company (2.29k), Hankook Tires (2.26k), and Linglong Tire (2.11k) were at the forefront of shipping Cranes to the United States.

Latest Trends

September 2024

About

Overview In September 2024 United States' Cranes exports accounted up to $51.6M and imports accounted up to $160M, resulting in a negative trade balance of $108M. Between September 2023 and September 2024 the exports of United States'   Cranes have increased by $13.1M (34.1%) from $38.5M to $51.6M, while imports decreased by $-13.2M (-7.65%) from $173M to $160M.

Destinations In September 2024, Cranes were exported mostly to Canada ($20.8M), United Arab Emirates ($7.98M), Mexico ($6.22M), Qatar ($2.84M), and Chile ($2.62M), and were imported mostly from Japan ($43M), Germany ($26.8M), Italy ($21.3M), Austria ($19.7M), and Poland ($15M).

Growth In September 2024, the increase in Cranes's year-by-year exports was explained primarily by an increase in exports to Canada ($8.01M or 64.5%), Mexico ($2.03M or 71.8%), and Jamaica ($1.92M or 1.83k%). In September 2024, the decrease in Cranes's year-by-year imports was explained primarily by a decrease in imports from Netherlands ($-1.79M or -70.2%), Norway ($-1.57M or -98.3%), and Canada ($-1.05M or -16.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$13.1M(34.1%)
IMPORT GROWTH (September 2023 - September 2024)$-13.2M(-7.65%)
MAIN EXPORTER (September 2024)Texas$16.3M
MAIN DESTINATION (September 2024)Canada$20.8M

This section shows Cranes's exports and imports data at subnational level for United States. 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 (2022)$510M
IMPORTS (2022)$1.48B
NET TRADE (2022)-$970M

In 2022, United States exported $510M in Cranes. The main destinations of United States exports on Cranes were Canada ($183M), Mexico ($67.2M), United Kingdom ($13.5M), Dominican Republic ($12.9M), and Saudi Arabia ($12.3M).

In 2022, United States imported $1.48B in Cranes, mainly from Japan ($297M), Germany ($259M), Italy ($138M), Canada ($134M), and Austria ($129M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cranes EXPORT MARKETS FOR United States WERE (2021 - 2022):
Canada$59.9M (48.7%)
Mexico$17.2M (34.3%)
Argentina$11.2M (1.03k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cranes BY United States WERE (2021 - 2022):
Netherlands-$13.8M (-64.9%)
Spain-$9.48M (-86.5%)
Singapore-$8.18M (-53.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Cranes were:
China $4.1B
Germany $1.93B
Italy $1.28B
In 2022, United States's main importing competitors in Cranes were:
Germany $729M
France $587M

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Trade Value of Cranes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $9.13M
TOP IMPORT POTENTIALChina+ $74M

Cranes’s highest export potential is India. With an export gap of $9.13M.   Cranes’s highest import potential is China with an import gap of $74M.

See methodology.

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