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2023
Exports $1.98BWorld Rnk 5 / 178
Flag Rnk 152 / 1217
2023
Destination $157M Canada
2022 - 2023
FASTEST GROWING MARKET $157MMexico
2023
PRODUCT COMPLEXITY IN Fork-Lifts1.51Rnk 42 / 1025
2023
Imports $6.97BWorld Rnk 1 / 220
Flag Rnk 86 / 1215
2023
Origin $576M United Kingdom
2022 - 2023
FASTEST GROWING ORIGIN $576MUnited Kingdom
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported $1.98B in Fork-Lifts, making it the 5th largest exporter of Fork-Lifts in the world. At the same year, Fork-Lifts was the 152nd most exported product in United States. The main destination of Fork-Lifts exports from United States are: Canada ($869M), Mexico ($477M), Australia ($91.3M), Japan ($48M), and Brazil ($42M).

The fastest growing export markets for Fork-Lifts of United States between 2022 and 2023 were Mexico ($157M), Canada ($72.3M), and Japan ($44.1M).

Imports In 2023, United States imported $6.97B in Fork-Lifts, becoming the 1st largest importer of Fork-Lifts in the world. At the same year, Fork-Lifts was the 86th most imported product in United States. United States imports Fork-Lifts primarily from: United Kingdom ($1.2B), Mexico ($882M), South Korea ($848M), China ($805M), and Canada ($730M).

The fastest growing import markets in Fork-Lifts for United States between 2022 and 2023 were United Kingdom ($576M), Mexico ($499M), and Japan ($291M).

COMPANIES In 2023, leading companies such as J.C. Bamford (86), CrimsonLogic (58), and Volvo (36) were at the forefront of shipping Fork-Lifts to the United States.

Latest Trends

November 2024

About

Overview In November 2024 United States' Fork-Lifts exports accounted up to $209M and imports accounted up to $595M, resulting in a negative trade balance of $386M. Between November 2023 and November 2024 the exports of United States'   Fork-Lifts have decreased by $-18.2M (-8%) from $227M to $209M, while imports decreased by $-25.4M (-4.09%) from $621M to $595M.

Destinations In November 2024, Fork-Lifts were exported mostly to Canada ($90.3M), Mexico ($52M), Australia ($12.4M), Belgium ($4.25M), and Italy ($3.18M), and were imported mostly from United Kingdom ($103M), Japan ($89.5M), Mexico ($84.9M), China ($64.5M), and South Korea ($52.9M).

Growth In November 2024, the decrease in Fork-Lifts's year-by-year exports was explained primarily by a decrease in exports to Netherlands ($-15.8M or -92.4%), United Kingdom ($-9.86M or -72.2%), and Israel ($-6.03M or -79.1%). In November 2024, the decrease in Fork-Lifts's year-by-year imports was explained primarily by a decrease in imports from Canada ($-4.97M or -11.3%), Sweden ($-1.8M or -43%), and Czechia ($-1.01M or -100%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$-18.2M(-8%)
IMPORT GROWTH (November 2023 - November 2024)$-25.4M(-4.09%)
MAIN EXPORTER (November 2024)Massachusetts$41M
MAIN DESTINATION (November 2024)Canada$90.3M

This section shows Fork-Lifts'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 Fork-Lifts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.98B
IMPORTS (2023)$6.97B
NET TRADE (2023)-$5B

In 2023, United States exported $1.98B in Fork-Lifts. The main destinations of United States exports on Fork-Lifts were Canada ($869M), Mexico ($477M), Australia ($91.3M), Japan ($48M), and Brazil ($42M).

In 2023, United States imported $6.97B in Fork-Lifts, mainly from United Kingdom ($1.2B), Mexico ($882M), South Korea ($848M), China ($805M), and Canada ($730M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Fork-Lifts EXPORT MARKETS FOR United States WERE (2022 - 2023):
Mexico$157M (49.1%)
Canada$72.3M (9.07%)
Japan$44.1M (1.15k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Fork-Lifts BY United States WERE (2022 - 2023):
Netherlands-$107M (-75.1%)
United Kingdom-$49.8M (-68.3%)
Israel-$29M (-83.3%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United States's main exporting competitors in Fork-Lifts were:
China $6.47B
Germany $4.8B
United Kingdom $2.53B
In 2023, United States's main importing competitors in Fork-Lifts were:
Canada $1.71B
France $1.63B

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Trade Value of Fork-Lifts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Kingdom+ $20.7M
TOP IMPORT POTENTIALChina+ $139M

Fork-Lifts’s highest export potential is United Kingdom. With an export gap of $20.7M.   Fork-Lifts’s highest import potential is China with an import gap of $139M.

See methodology.

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