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Parts of cranes, work-trucks, shovels, constr machine

843149 (Harmonized System 1992 for 6-digit)

2022
World Trade $31.6BRnk 100 / 4648
2022
Top Exporter | Top Importer $8.48B | $5.4BChina | United States
2022
Product Complexity 0.86Rnk 1000 / 4653
2021 - 2022
Export Growth (CAGR) 14.4%Rnk 1168 / 4648
2022
Share of World Trade 0.13%Rnk 100 / 4648

About

Overview This page contains the latest trade data of Parts of cranes, work-trucks, shovels, constr machine. In 2022, Parts of cranes, work-trucks, shovels, constr machine were the world's 100th most traded product, with a total trade of $31.6B. Between 2021 and 2022 the exports of Parts of cranes, work-trucks, shovels, constr machine grew by 14.4%, from $27.6B to $31.6B. Trade in Parts of cranes, work-trucks, shovels, constr machine represent 0.13% of total world trade.

Parts of cranes, work-trucks, shovels, constr machine are a part of Excavation Machinery.

Exports In 2022 the top exporters of Parts of cranes, work-trucks, shovels, constr machine  were China ($8.48B), United States ($2.9B), Germany ($2.04B), South Korea ($1.92B), and Japan ($1.9B).

Imports In 2022 the top importers of Parts of cranes, work-trucks, shovels, constr machine were United States ($5.4B), Germany ($2.41B), Japan ($2.04B), Canada ($1.66B), and Australia ($1.28B).

Ranking Parts of cranes, work-trucks, shovels, constr machine ranks 1000th in the Product Complexity Index (PCI).

Description A crane is used for moving heavy objects such as girders, concrete, and steel. A work truck is used to transport people, equipment, and supplies. A shovel is used to dig up dirt or gravel. A construction machine is used to build structures such as buildings, roads, and bridges.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Parts of cranes, work-trucks, shovels, constr machine. 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$8.48B
Top Destination (2022)United States$5.4B

In 2022 Parts of cranes, work-trucks, shovels, constr machine were the world's 100th most traded product (out of 4,648).

In 2022, the top exporters of Parts of cranes, work-trucks, shovels, constr machine were China ($8.48B), United States ($2.9B), Germany ($2.04B), South Korea ($1.92B), and Japan ($1.9B).

In 2022, the top importers of Parts of cranes, work-trucks, shovels, constr machine were United States ($5.4B), Germany ($2.41B), Japan ($2.04B), Canada ($1.66B), and Australia ($1.28B).

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Exporters of Parts of cranes, work-trucks, shovels, constr machine (2022)
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Importers of Parts of cranes, work-trucks, shovels, constr machine (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$1.76B
Top Destination Growth (2021 -  2022)United States$1.08B

Between 2021 and 2022, the exports of Parts of cranes, work-trucks, shovels, constr machine grew the fastest in China ($1.76B), United States ($556M), Mexico ($167M), India ($151M), and Belgium ($150M).

Between 2021 and 2022, the fastest growing importers of Parts of cranes, work-trucks, shovels, constr machine were United States ($1.08B), Indonesia ($433M), Canada ($269M), Japan ($263M), and Germany ($248M).

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Exporters of Parts of cranes, work-trucks, shovels, constr machine (2021 - 2022)

Importers of Parts of cranes, work-trucks, shovels, constr machine (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Parts of cranes, work-trucks, shovels, constr machine.

In 2022, market concentration measured using Shannon Entropy, was 4.35. This means that most of the exports of Parts of cranes, work-trucks, shovels, constr machine are explained by 20 countries.

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Value of Exports in Parts of cranes, work-trucks, shovels, constr machine

Net Trade

TOP NET EXPORTER (2022)China$7.77B
TOP NET IMPORTER (2022)United States$2.5B

This map shows which countries export or import more of Parts of cranes, work-trucks, shovels, constr machine. Each country is colored based on the difference in exports and imports of Parts of cranes, work-trucks, shovels, constr machine during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Parts of cranes, work-trucks, shovels, constr machine were China ($7.77B), South Korea ($1.33B), Italy ($881M), Mexico ($421M), and Poland ($308M).

In 2022, the countries that had a largest trade value in imports than in exports of Parts of cranes, work-trucks, shovels, constr machine were United States ($2.5B), Brazil ($1.09B), Australia ($1.06B), Canada ($921M), and Indonesia ($847M).

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 Parts of cranes, work-trucks, shovels, constr machine.
It is possible to select the main countries that export or import Parts of cranes, work-trucks, shovels, constr machine in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Parts of cranes, work-trucks, shovels, constr machine 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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