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843110 (Harmonized System 1992 for 6-digit)

2022
World Trade $1.73BRnk 1623 / 4648
2022
Top Exporter | Top Importer $324M | $280MChina | United States
2022
Product Complexity 0.53Rnk 1598 / 4653
2021 - 2022
Export Growth (CAGR) 4.49%Rnk 2296 / 4648
2022
Share of World Trade 0.0073%Rnk 1623 / 4648

About

Overview This page contains the latest trade data of Parts of hoists and winches. In 2022, Parts of hoists and winches were the world's 1623rd most traded product, with a total trade of $1.73B. Between 2021 and 2022 the exports of Parts of hoists and winches grew by 4.49%, from $1.66B to $1.73B. Trade in Parts of hoists and winches represent 0.0073% of total world trade.

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

Exports In 2022 the top exporters of Parts of hoists and winches  were China ($324M), Italy ($163M), United States ($159M), Germany ($133M), and Netherlands ($89.6M).

Imports In 2022 the top importers of Parts of hoists and winches were United States ($280M), Germany ($143M), Netherlands ($138M), France ($86.5M), and Canada ($77.6M).

Ranking Parts of hoists and winches ranks 1598th 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 (2022)China$324M
Top Destination (2022)United States$280M

In 2022 Parts of hoists and winches were the world's 1623rd most traded product (out of 4,648).

In 2022, the top exporters of Parts of hoists and winches were China ($324M), Italy ($163M), United States ($159M), Germany ($133M), and Netherlands ($89.6M).

In 2022, the top importers of Parts of hoists and winches were United States ($280M), Germany ($143M), Netherlands ($138M), France ($86.5M), and Canada ($77.6M).

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Exporters of Parts of hoists and winches (2022)
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Importers of Parts of hoists and winches (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$42.7M
Top Destination Growth (2021 -  2022)United States$24.4M

Between 2021 and 2022, the exports of Parts of hoists and winches grew the fastest in China ($42.7M), France ($23.7M), Poland ($17.1M), Canada ($11.3M), and United States ($8.92M).

Between 2021 and 2022, the fastest growing importers of Parts of hoists and winches were United States ($24.4M), Netherlands ($14.3M), Qatar ($8.58M), Saudi Arabia ($6.6M), and Germany ($6.43M).

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Exporters of Parts of hoists and winches (2021 - 2022)

Importers of Parts of hoists and winches (2021 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 4.54. 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 (2022)China$276M
TOP NET IMPORTER (2022)United States$121M

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 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Parts of hoists and winches were China ($276M), Italy ($96.2M), Poland ($50.4M), Czechia ($45M), and Finland ($22.6M).

In 2022, the countries that had a largest trade value in imports than in exports of Parts of hoists and winches were United States ($121M), Austria ($53.4M), Netherlands ($48M), South Korea ($27.3M), and Japan ($20.6M).

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 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 (2022)

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