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843110 (Harmonized System 1992 for 6-digit)

2023
World Trade $1.88BRnk 1480 / 4644
2023
Top Exporter | Top Importer $279M | $292MChina | United States
2023
Product Complexity 0.53Rnk 1607 / 4656
2022 - 2023
Export Growth (CAGR) 4.48%Rnk 1083 / 4644
2023
Share of World Trade 0.0083%Rnk 1480 / 4644

About

Overview This page contains the latest trade data of Parts of hoists and winches. In 2023, Parts of hoists and winches were the world's 1480th most traded product, with a total trade of $1.88B. Between 2022 and 2023 the exports of Parts of hoists and winches grew by 4.48%, from $1.8B to $1.88B. Trade in Parts of hoists and winches represent 0.0083% of total world trade.

Parts of hoists and winches are a part of Excavation Machinery.

Exports In 2023 the top exporters of Parts of hoists and winches  were China ($279M), United States ($242M), Germany ($177M), Italy ($153M), and Poland ($84.5M).

Imports In 2023 the top importers of Parts of hoists and winches were United States ($292M), Netherlands ($141M), Germany ($113M), Qatar ($96.3M), and France ($95.1M).

Ranking Parts of hoists and winches ranks 1607th in the Product Complexity Index (PCI).

Description A hoist is used to lift and move heavy objects that are too large to be lifted manually. A winch is also used to lift and move heavy objects, and is often used in conjunction with a hoist. Explain the process of actually using a hook and chain to lift a heavy object. A chain is hooked to a pulley at the top of a hoist and then wrapped around the object that needs to be lifted. The hook is then attached to the chain, and the object is lifted upwards. The chain is then unwrapped from the object

Latest Trends

Latest Data

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The following visualization shows the latest trends on Parts of hoists and winches. 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)China$279M
Top Destination (2023)United States$292M

In 2023 Parts of hoists and winches were the world's 1480th most traded product (out of 4,644).

In 2023, the top exporters of Parts of hoists and winches were China ($279M), United States ($242M), Germany ($177M), Italy ($153M), and Poland ($84.5M).

In 2023, the top importers of Parts of hoists and winches were United States ($292M), Netherlands ($141M), Germany ($113M), Qatar ($96.3M), and France ($95.1M).

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Exporters of Parts of hoists and winches (2023)
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Importers of Parts of hoists and winches (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)United States$67.4M
Top Destination Growth (2022 -  2023)Qatar$72.7M

Between 2022 and 2023, the exports of Parts of hoists and winches grew the fastest in United States ($67.4M), South Korea ($18.7M), United Kingdom ($12M), Finland ($10.8M), and Germany ($9.43M).

Between 2022 and 2023, the fastest growing importers of Parts of hoists and winches were Qatar ($72.7M), China ($34.6M), South Korea ($10.9M), United Arab Emirates ($8.07M), and Austria ($7.67M).

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Exporters of Parts of hoists and winches (2022 - 2023)

Importers of Parts of hoists and winches (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Parts of hoists and winches.

In 2023, market concentration measured using Shannon Entropy, was 4.58. This means that most of the exports of Parts of hoists and winches are explained by 23 countries.

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Value of Exports in Parts of hoists and winches

Net Trade

TOP NET EXPORTER (2023)China$203M
TOP NET IMPORTER (2023)Qatar$96.1M

This map shows which countries export or import more of Parts of hoists and winches. Each country is colored based on the difference in exports and imports of Parts of hoists and winches during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Parts of hoists and winches were China ($203M), Italy ($77.2M), Germany ($63.9M), Poland ($52.5M), and Bulgaria ($32.2M).

In 2023, the countries that had a largest trade value in imports than in exports of Parts of hoists and winches were Qatar ($96.1M), Netherlands ($70.4M), United States ($50M), Austria ($29.1M), and France ($28.8M).

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 Parts of hoists and winches.
It is possible to select the main countries that export or import Parts of hoists and winches in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Parts of hoists and winches 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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