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842511 (Harmonized System 1992 for 6-digit)

2022
World Trade $1.15BRnk 2036 / 4648
2022
Top Exporter | Top Importer $220M | $140MChina | United States
2022
Product Complexity 0.98Rnk 802 / 4653
2021 - 2022
Export Growth (CAGR) 7.31%Rnk 1921 / 4648
2022
Share of World Trade 0.0048%Rnk 2036 / 4648

About

Overview This page contains the latest trade data of Electric hoists (except skip and vehicle hoists). In 2022, Electric hoists (except skip and vehicle hoists) were the world's 2036th most traded product, with a total trade of $1.15B. Between 2021 and 2022 the exports of Electric hoists (except skip and vehicle hoists) grew by 7.31%, from $1.07B to $1.15B. Trade in Electric hoists (except skip and vehicle hoists) represent 0.0048% of total world trade.

Electric hoists (except skip and vehicle hoists) are a part of Pulley Systems.

Exports In 2022 the top exporters of Electric hoists (except skip and vehicle hoists)  were China ($220M), Germany ($209M), Finland ($122M), United States ($94.8M), and Japan ($83.9M).

Imports In 2022 the top importers of Electric hoists (except skip and vehicle hoists) were United States ($140M), Canada ($113M), Germany ($48.5M), United Kingdom ($42.2M), and France ($39M).

Ranking Electric hoists (except skip and vehicle hoists) ranks 802nd in the Product Complexity Index (PCI).

Description An electric hoist typically operates through an electric motor, which is controlled by a switch or lever. The electric hoist is operated by pushing the lever or switch which then turns on the electric motor, which in turn rotates the hoist's main drive shaft. The motor then rotates the hoist's load chain, which lifts the hoist's load. When the lever or switch is released, the electric motor stops, and the load chain is then lowered to the ground or floor. What are the advantages of electric hoists? The main advantages of an electric

Latest Trends

Latest Data

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The following visualization shows the latest trends on Electric hoists (except skip and vehicle hoists). Countries are shown based on data availability.

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

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2022)China$220M
Top Destination (2022)United States$140M

In 2022 Electric hoists (except skip and vehicle hoists) were the world's 2036th most traded product (out of 4,648).

In 2022, the top exporters of Electric hoists (except skip and vehicle hoists) were China ($220M), Germany ($209M), Finland ($122M), United States ($94.8M), and Japan ($83.9M).

In 2022, the top importers of Electric hoists (except skip and vehicle hoists) were United States ($140M), Canada ($113M), Germany ($48.5M), United Kingdom ($42.2M), and France ($39M).

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Exporters of Electric hoists (except skip and vehicle hoists) (2022)
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Importers of Electric hoists (except skip and vehicle hoists) (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$30.6M
Top Destination Growth (2021 -  2022)Canada$20.3M

Between 2021 and 2022, the exports of Electric hoists (except skip and vehicle hoists) grew the fastest in China ($30.6M), Finland ($15.6M), Mexico ($10.8M), Turkey ($8.74M), and South Korea ($8.61M).

Between 2021 and 2022, the fastest growing importers of Electric hoists (except skip and vehicle hoists) were Canada ($20.3M), United States ($15.8M), Indonesia ($10.7M), Turkey ($10M), and Mexico ($9.91M).

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Exporters of Electric hoists (except skip and vehicle hoists) (2021 - 2022)

Importers of Electric hoists (except skip and vehicle hoists) (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Electric hoists (except skip and vehicle hoists).

In 2022, market concentration measured using Shannon Entropy, was 3.96. This means that most of the exports of Electric hoists (except skip and vehicle hoists) are explained by 15 countries.

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Value of Exports in Electric hoists (except skip and vehicle hoists)

Net Trade

TOP NET EXPORTER (2022)China$183M
TOP NET IMPORTER (2022)Canada$103M

This map shows which countries export or import more of Electric hoists (except skip and vehicle hoists). Each country is colored based on the difference in exports and imports of Electric hoists (except skip and vehicle hoists) during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Electric hoists (except skip and vehicle hoists) were China ($183M), Germany ($160M), Finland ($114M), Japan ($67.9M), and Bulgaria ($39.9M).

In 2022, the countries that had a largest trade value in imports than in exports of Electric hoists (except skip and vehicle hoists) were Canada ($103M), United States ($45.5M), Russia ($35.8M), Vietnam ($34.5M), and Indonesia ($32.6M).

Net Trade (2022)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Electric hoists (except skip and vehicle hoists).
It is possible to select the main countries that export or import Electric hoists (except skip and vehicle hoists) in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Electric hoists (except skip and vehicle hoists) by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2022)

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