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841392 (Harmonized System 1992 for 6-digit)

2023
World Trade $193MRnk 3684 / 4644
2023
Top Exporter | Top Importer $28M | $41.5MChina | Saudi Arabia
2023
Product Complexity 0.62Rnk 1458 / 4656
2022 - 2023
Export Growth (CAGR) 0.072%Rnk 1544 / 4644
2023
Share of World Trade 0.00085%Rnk 3684 / 4644

About

Overview This page contains the latest trade data of Parts of liquid elevators. In 2023, Parts of liquid elevators were the world's 3684th most traded product, with a total trade of $193M. Between 2022 and 2023 the exports of Parts of liquid elevators grew by 0.072%, from $193M to $193M. Trade in Parts of liquid elevators represent 0.00085% of total world trade.

Parts of liquid elevators are a part of Liquid Pumps.

Exports In 2023 the top exporters of Parts of liquid elevators  were China ($28M), United States ($24.2M), Netherlands ($22.5M), Italy ($11M), and South Korea ($9.96M).

Imports In 2023 the top importers of Parts of liquid elevators were Saudi Arabia ($41.5M), United States ($33M), United Kingdom ($14.2M), Canada ($7.22M), and Kazakhstan ($4.45M).

Ranking Parts of liquid elevators ranks 1458th in the Product Complexity Index (PCI).

Description Parts of a liquid elevators may include: the metal shaft, the motor, the pump, the tank, the hoist, the controls, the rope, and the pulley. The motor is the power source for the pump, which is used to move the liquid in the tank. The rope is used to move the pulley up and down the shaft.

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Parts of liquid elevators. 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$28M
Top Destination (2023)Saudi Arabia$41.5M

In 2023 Parts of liquid elevators were the world's 3684th most traded product (out of 4,644).

In 2023, the top exporters of Parts of liquid elevators were China ($28M), United States ($24.2M), Netherlands ($22.5M), Italy ($11M), and South Korea ($9.96M).

In 2023, the top importers of Parts of liquid elevators were Saudi Arabia ($41.5M), United States ($33M), United Kingdom ($14.2M), Canada ($7.22M), and Kazakhstan ($4.45M).

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Exporters of Parts of liquid elevators (2023)
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Importers of Parts of liquid elevators (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)South Korea$4.94M
Top Destination Growth (2022 -  2023)Saudi Arabia$13.1M

Between 2022 and 2023, the exports of Parts of liquid elevators grew the fastest in South Korea ($4.94M), Netherlands ($4.66M), United Arab Emirates ($3.11M), Japan ($3.01M), and Spain ($2.72M).

Between 2022 and 2023, the fastest growing importers of Parts of liquid elevators were Saudi Arabia ($13.1M), United States ($3.68M), Kazakhstan ($2.98M), Canada ($2.97M), and Mexico ($2.05M).

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Exporters of Parts of liquid elevators (2022 - 2023)

Importers of Parts of liquid elevators (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Parts of liquid elevators.

In 2023, market concentration measured using Shannon Entropy, was 4.49. This means that most of the exports of Parts of liquid elevators are explained by 22 countries.

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Value of Exports in Parts of liquid elevators

Net Trade

TOP NET EXPORTER (2023)China$27.1M
TOP NET IMPORTER (2023)Saudi Arabia$32.6M

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

In 2023, the countries that had a largest trade value in exports than in imports of Parts of liquid elevators were China ($27.1M), Netherlands ($20.5M), Chinese Taipei ($8.47M), Italy ($8.29M), and Japan ($8.19M).

In 2023, the countries that had a largest trade value in imports than in exports of Parts of liquid elevators were Saudi Arabia ($32.6M), United Kingdom ($9.37M), United States ($8.76M), Canada ($5.93M), and Dominican Republic ($4.28M).

Net Trade (2023)

Country Comparison

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Measure
Ranking

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

Top 10 Exporters Countries of Parts of liquid elevators 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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