2022
Exports
$12.4MWorld Rnk 58 / 184
Flag Rnk 124 / 996
2022
PRODUCT COMPLEXITY IN Lifting Machinery
1.12Rnk 128 / 1025
2022
Imports
$25.5MWorld Rnk 97 / 219
Flag Rnk 110 / 1121
2022
ECONOMIC COMPLEXITY of Belarus
0.82Rnk 32 / 133

About

Exports In 2022, Belarus exported $12.4M in Lifting Machinery, making it the 58th largest exporter of Lifting Machinery in the world. At the same year, Lifting Machinery was the 124th most exported product in Belarus. The main destination of Lifting Machinery exports from Belarus are: Kazakhstan ($5.36M), Armenia ($5.29M), United States ($405k), Ukraine ($263k), and Kyrgyzstan ($238k).

The fastest growing export markets for Lifting Machinery of Belarus between 2021 and 2022 were Armenia ($5.13M), United States ($209k), and Tajikistan ($151k).

Imports In 2022, Belarus imported $25.5M in Lifting Machinery, becoming the 97th largest importer of Lifting Machinery in the world. At the same year, Lifting Machinery was the 110th most imported product in Belarus. Belarus imports Lifting Machinery primarily from: Germany ($4.37M), Japan ($4.16M), China ($3.41M), Sweden ($2.89M), and Poland ($2.24M).

The fastest growing import markets in Lifting Machinery for Belarus between 2021 and 2022 were Japan ($4.15M), Hungary ($296k), and Serbia ($260k).

Latest Trends

Oct 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Lifting Machinery. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$12.4M
IMPORTS (2022)$25.5M
NET TRADE (2022)-$13M

In 2022, Belarus exported $12.4M in Lifting Machinery. The main destinations of Belarus exports on Lifting Machinery were Kazakhstan ($5.36M), Armenia ($5.29M), United States ($405k), Ukraine ($263k), and Kyrgyzstan ($238k).

In 2022, Belarus imported $25.5M in Lifting Machinery, mainly from Germany ($4.37M), Japan ($4.16M), China ($3.41M), Sweden ($2.89M), and Poland ($2.24M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Lifting Machinery EXPORT MARKETS FOR Belarus WERE (2021 - 2022):
Armenia$5.13M (3.14k%)
United States$209k (107%)
Tajikistan$151k (240%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Lifting Machinery BY Belarus WERE (2021 - 2022):
Russia-$118M (-100%)
Ukraine-$4.48M (-94.5%)
Kazakhstan-$2.89M (-35%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Belarus's main exporting competitors in Lifting Machinery were:
China $6.88B
Germany $5.16B
Italy $2.48B
In 2022, Belarus's main importing competitors in Lifting Machinery were:

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Trade Value of Lifting Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.04M
TOP IMPORT POTENTIALChina+ $3.2M

Lifting Machinery’s highest export potential is United States. With an export gap of $1.04M.   Lifting Machinery’s highest import potential is China with an import gap of $3.2M.

See methodology.

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