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841229 (Harmonized System 1992 for 6-digit)

2023
World Trade $5.09BRnk 721 / 4644
2023
Top Exporter | Top Importer $795M | $825MGermany | United States
2023
Product Complexity 1.04Rnk 733 / 4656
2022 - 2023
Export Growth (CAGR) 0.18%Rnk 1535 / 4644
2023
Share of World Trade 0.023%Rnk 721 / 4644

About

Overview This page contains the latest trade data of Hydraulic power engines/motors, except linear acting. In 2023, Hydraulic power engines/motors, except linear acting were the world's 721st most traded product, with a total trade of $5.09B. Between 2022 and 2023 the exports of Hydraulic power engines/motors, except linear acting grew by 0.18%, from $5.08B to $5.09B. Trade in Hydraulic power engines/motors, except linear acting represent 0.023% of total world trade.

Hydraulic power engines/motors, except linear acting are a part of Other Engines.

Exports In 2023 the top exporters of Hydraulic power engines/motors, except linear acting  were Germany ($795M), United States ($701M), China ($450M), Japan ($366M), and United Kingdom ($355M).

Imports In 2023 the top importers of Hydraulic power engines/motors, except linear acting were United States ($825M), Germany ($488M), China ($335M), Canada ($251M), and United Kingdom ($224M).

Ranking Hydraulic power engines/motors, except linear acting ranks 733rd in the Product Complexity Index (PCI).

Description A hydraulic power engine/motor is a machine that converts the energy of pressurized oil to rotary motion. It is typically used to power various types of equipment. This includes vehicles such as forklifts, heavy trucks, buses, and railcars. It is also used in construction equipment such as bulldozers, excavators, and loaders. It is also used in various types of pumps and compressors.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Hydraulic power engines/motors, except linear acting. 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$795M
Top Destination (2023)United States$825M

In 2023 Hydraulic power engines/motors, except linear acting were the world's 721st most traded product (out of 4,644).

In 2023, the top exporters of Hydraulic power engines/motors, except linear acting were Germany ($795M), United States ($701M), China ($450M), Japan ($366M), and United Kingdom ($355M).

In 2023, the top importers of Hydraulic power engines/motors, except linear acting were United States ($825M), Germany ($488M), China ($335M), Canada ($251M), and United Kingdom ($224M).

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Exporters of Hydraulic power engines/motors, except linear acting (2023)
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Importers of Hydraulic power engines/motors, except linear acting (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Germany$69M
Top Destination Growth (2022 -  2023)India$50.1M

Between 2022 and 2023, the exports of Hydraulic power engines/motors, except linear acting grew the fastest in Germany ($69M), United States ($61.5M), China ($43M), Netherlands ($42.4M), and Philippines ($25.9M).

Between 2022 and 2023, the fastest growing importers of Hydraulic power engines/motors, except linear acting were India ($50.1M), Japan ($48.4M), Singapore ($26.4M), Mexico ($22.8M), and Belgium ($22.6M).

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Exporters of Hydraulic power engines/motors, except linear acting (2022 - 2023)

Importers of Hydraulic power engines/motors, except linear acting (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Hydraulic power engines/motors, except linear acting.

In 2023, market concentration measured using Shannon Entropy, was 4.43. This means that most of the exports of Hydraulic power engines/motors, except linear acting are explained by 21 countries.

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Value of Exports in Hydraulic power engines/motors, except linear acting

Net Trade

TOP NET EXPORTER (2023)Germany$306M
TOP NET IMPORTER (2023)Canada$175M

This map shows which countries export or import more of Hydraulic power engines/motors, except linear acting. Each country is colored based on the difference in exports and imports of Hydraulic power engines/motors, except linear acting during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Hydraulic power engines/motors, except linear acting were Germany ($306M), Japan ($225M), United Kingdom ($132M), Sweden ($129M), and China ($115M).

In 2023, the countries that had a largest trade value in imports than in exports of Hydraulic power engines/motors, except linear acting were Canada ($175M), United States ($125M), India ($121M), Australia ($95.8M), and Austria ($91.1M).

Net Trade (2023)

Country Comparison

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This visualization shows the countries that have an important ratio of their trade related to Hydraulic power engines/motors, except linear acting.
It is possible to select the main countries that export or import Hydraulic power engines/motors, except linear acting in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Hydraulic power engines/motors, except linear acting 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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