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Fork-lift and other works trucks; fitted with lifting or handling equipment

8427 (Harmonized System 1992 for 4-digit)

2022
World Trade $25.4BRnk 182 / 1218
2022
Top Exporter | Top Importer $6.29B | $4.37BChina | United States
2022
Product Complexity 1.49Rnk 50 / 1033
2021 - 2022
Export Growth (CAGR) 18.9%Rnk 205 / 1218
2022
Share of World Trade 0.11%Rnk 182 / 1218

About

Overview This page contains the latest trade data of Fork-Lifts. In 2022, Fork-Lifts were the world's 182nd most traded product, with a total trade of $25.4B. Between 2021 and 2022 the exports of Fork-Lifts grew by 18.9%, from $21.4B to $25.4B. Trade in Fork-Lifts represent 0.11% of total world trade.

Fork-Lifts are a part of Machinery, mechanical appliances, & parts. They include Self-propelled works trucks, non-electric, Self-propelled works trucks, electric motor, and Trucks with lifting/handling equipment, non-powered.

Exports In 2022 the top exporters of Fork-Lifts  were China ($6.29B), Germany ($3.95B), United States ($2.16B), Italy ($1.76B), and France ($1.41B).

Imports In 2022 the top importers of Fork-Lifts were United States ($4.37B), Germany ($1.4B), Netherlands ($1.4B), Canada ($1.37B), and United Kingdom ($1.33B).

Ranking Fork-Lifts ranks 50th in the Product Complexity Index (PCI).

Description Fork-lift trucks are used to move heavy loads. They can be made from a variety of materials, including steel, aluminum, and fiberglass.

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Fork-Lifts. 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$6.29B
Top Destination (2022)United States$4.37B

In 2022 Fork-Lifts were the world's 182nd most traded product (out of 1,218).

In 2022, the top exporters of Fork-Lifts were China ($6.29B), Germany ($3.95B), United States ($2.16B), Italy ($1.76B), and France ($1.41B).

In 2022, the top importers of Fork-Lifts were United States ($4.37B), Germany ($1.4B), Netherlands ($1.4B), Canada ($1.37B), and United Kingdom ($1.33B).

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Exporters of Fork-Lifts (2022)
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Importers of Fork-Lifts (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$2.12B
Top Destination Growth (2021 -  2022)United States$1.43B

Between 2021 and 2022, the exports of Fork-Lifts grew the fastest in China ($2.12B), Ireland ($237M), South Korea ($225M), Mexico ($181M), and Canada ($178M).

Between 2021 and 2022, the fastest growing importers of Fork-Lifts were United States ($1.43B), Canada ($317M), Brazil ($253M), Australia ($228M), and United Kingdom ($169M).

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Exporters of Fork-Lifts (2021 - 2022)

Importers of Fork-Lifts (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Fork-Lifts.

In 2022, market concentration measured using Shannon Entropy, was 3.87. This means that most of the exports of Fork-Lifts are explained by 14 countries.

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Value of Exports in Fork-Lifts

Net Trade

TOP NET EXPORTER (2022)China$6.13B
TOP NET IMPORTER (2022)United States$2.21B

This map shows which countries export or import more of Fork-Lifts. Each country is colored based on the difference in exports and imports of Fork-Lifts during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Fork-Lifts were China ($6.13B), Germany ($2.55B), Japan ($1.01B), Sweden ($846M), and Italy ($664M).

In 2022, the countries that had a largest trade value in imports than in exports of Fork-Lifts were United States ($2.21B), Australia ($956M), Canada ($590M), Netherlands ($559M), and Belgium ($519M).

Net Trade (2022)

Disaggregation

Value

In 2022, the world most traded Fork-Lifts, disaggragated by their HS6 level were Self-propelled works trucks, non-electric ($12B), Self-propelled works trucks, electric motor ($11.8B), and Trucks with lifting/handling equipment, non-powered ($1.57B)

HS6 Disaggregation for Fork-Lifts (2022)
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Country Comparison

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Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Fork-Lifts.
It is possible to select the main countries that export or import Fork-Lifts in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Fork-Lifts by percentage of total exports

Potential Exports

Potential Exports

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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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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)

Related Products

This visualization shows products that are likely to be exported by countries that export Fork-Lifts.

Country by Relatedness

The following visualization shows the relatedness of Fork-Lifts to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2022)

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