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848350 (Harmonized System 1992 for 6-digit)

2023
World Trade $7.12BRnk 524 / 4644
2023
Top Exporter | Top Importer $1.33B | $826MGermany | Germany
2023
Product Complexity 1.11Rnk 612 / 4656
2022 - 2023
Export Growth (CAGR) 8.51%Rnk 773 / 4644
2023
Share of World Trade 0.031%Rnk 524 / 4644

About

Overview This page contains the latest trade data of Flywheels and pulleys including pulley blocks. In 2023, Flywheels and pulleys including pulley blocks were the world's 524th most traded product, with a total trade of $7.12B. Between 2022 and 2023 the exports of Flywheels and pulleys including pulley blocks grew by 8.51%, from $6.56B to $7.12B. Trade in Flywheels and pulleys including pulley blocks represent 0.031% of total world trade.

Flywheels and pulleys including pulley blocks are a part of Transmissions.

Exports In 2023 the top exporters of Flywheels and pulleys including pulley blocks  were Germany ($1.33B), China ($1.13B), Italy ($448M), United States ($431M), and Turkey ($355M).

Imports In 2023 the top importers of Flywheels and pulleys including pulley blocks were Germany ($826M), United States ($694M), Poland ($441M), Mexico ($436M), and France ($373M).

Ranking Flywheels and pulleys including pulley blocks ranks 612th in the Product Complexity Index (PCI).

Description Flywheels are often used as a power supply to a system that can't afford to have fluctuations in power output. They are used in power sources, for example power plants, that have a constant demand for power. They reduce the fluctuations in the power output. Pulley blocks are a mechanical device that helps create a mechanical advantage.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Flywheels and pulleys including pulley blocks. 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 (2023)Germany$1.33B
Top Destination (2023)Germany$826M

In 2023 Flywheels and pulleys including pulley blocks were the world's 524th most traded product (out of 4,644).

In 2023, the top exporters of Flywheels and pulleys including pulley blocks were Germany ($1.33B), China ($1.13B), Italy ($448M), United States ($431M), and Turkey ($355M).

In 2023, the top importers of Flywheels and pulleys including pulley blocks were Germany ($826M), United States ($694M), Poland ($441M), Mexico ($436M), and France ($373M).

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Exporters of Flywheels and pulleys including pulley blocks (2023)
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Importers of Flywheels and pulleys including pulley blocks (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Poland$117M
Top Destination Growth (2022 -  2023)Belgium$103M

Between 2022 and 2023, the exports of Flywheels and pulleys including pulley blocks grew the fastest in Poland ($117M), Germany ($101M), Turkey ($73.3M), France ($69.5M), and India ($48.8M).

Between 2022 and 2023, the fastest growing importers of Flywheels and pulleys including pulley blocks were Belgium ($103M), Poland ($101M), Germany ($75.7M), Turkey ($58.2M), and Japan ($57.6M).

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Exporters of Flywheels and pulleys including pulley blocks (2022 - 2023)

Importers of Flywheels and pulleys including pulley blocks (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Flywheels and pulleys including pulley blocks.

In 2023, market concentration measured using Shannon Entropy, was 4.22. This means that most of the exports of Flywheels and pulleys including pulley blocks are explained by 18 countries.

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Value of Exports in Flywheels and pulleys including pulley blocks

Net Trade

TOP NET EXPORTER (2023)China$931M
TOP NET IMPORTER (2023)Mexico$324M

This map shows which countries export or import more of Flywheels and pulleys including pulley blocks. Each country is colored based on the difference in exports and imports of Flywheels and pulleys including pulley blocks during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Flywheels and pulleys including pulley blocks were China ($931M), Germany ($507M), Italy ($149M), Hungary ($131M), and South Korea ($125M).

In 2023, the countries that had a largest trade value in imports than in exports of Flywheels and pulleys including pulley blocks were Mexico ($324M), United States ($262M), Poland ($207M), United Kingdom ($183M), and Brazil ($90.2M).

Net Trade (2023)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Flywheels and pulleys including pulley blocks.
It is possible to select the main countries that export or import Flywheels and pulleys including pulley blocks in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Flywheels and pulleys including pulley blocks 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 (2023)

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