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842620 (Harmonized System 1992 for 6-digit)

2022
World Trade $1.78BRnk 1601 / 4648
2022
Top Exporter | Top Importer $372M | $217MChina | Germany
2022
Product Complexity -0.23Rnk 2857 / 4653
2021 - 2022
Export Growth (CAGR) -0.087%Rnk 2970 / 4648
2022
Share of World Trade 0.0075%Rnk 1601 / 4648

About

Overview This page contains the latest trade data of Tower cranes. In 2022, Tower cranes were the world's 1601st most traded product, with a total trade of $1.78B. Between 2021 and 2022 the exports of Tower cranes decreased by -0.087%, from $1.78B to $1.78B. Trade in Tower cranes represent 0.0075% of total world trade.

Tower cranes are a part of Cranes.

Exports In 2022 the top exporters of Tower cranes  were China ($372M), Germany ($326M), Italy ($241M), Spain ($225M), and France ($143M).

Imports In 2022 the top importers of Tower cranes were Germany ($217M), France ($141M), South Korea ($90.1M), Austria ($82M), and Switzerland ($77.1M).

Ranking Tower cranes ranks 2857th in the Product Complexity Index (PCI).

Description A tower crane is a type of crane that is a complete self-contained unit on a vertical steel or concrete column. Tower cranes are used for heavy lifting jobs, such as building construction, demolition, and marine construction.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Tower cranes. 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$372M
Top Destination (2022)Germany$217M

In 2022 Tower cranes were the world's 1601st most traded product (out of 4,648).

In 2022, the top exporters of Tower cranes were China ($372M), Germany ($326M), Italy ($241M), Spain ($225M), and France ($143M).

In 2022, the top importers of Tower cranes were Germany ($217M), France ($141M), South Korea ($90.1M), Austria ($82M), and Switzerland ($77.1M).

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Exporters of Tower cranes (2022)
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Importers of Tower cranes (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Kuwait$63.8M
Top Destination Growth (2021 -  2022)United Arab Emirates$36.7M

Between 2021 and 2022, the exports of Tower cranes grew the fastest in Kuwait ($63.8M), China ($21.1M), Denmark ($14.2M), Portugal ($7.88M), and Malaysia ($6M).

Between 2021 and 2022, the fastest growing importers of Tower cranes were United Arab Emirates ($36.7M), Egypt ($20.2M), Saudi Arabia ($19.3M), India ($19.3M), and Israel ($18.5M).

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Exporters of Tower cranes (2021 - 2022)

Importers of Tower cranes (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Tower cranes.

In 2022, market concentration measured using Shannon Entropy, was 3.68. This means that most of the exports of Tower cranes are explained by 12 countries.

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Value of Exports in Tower cranes

Net Trade

TOP NET EXPORTER (2022)China$366M
TOP NET IMPORTER (2022)South Korea$85.7M

This map shows which countries export or import more of Tower cranes. Each country is colored based on the difference in exports and imports of Tower cranes during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Tower cranes were China ($366M), Spain ($220M), Italy ($213M), Germany ($109M), and Portugal ($55M).

In 2022, the countries that had a largest trade value in imports than in exports of Tower cranes were South Korea ($85.7M), Austria ($76.4M), Switzerland ($66.2M), United States ($55.7M), and Belgium ($49.4M).

Net Trade (2022)

Country Comparison

Flow
Measure
Ranking

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

Top 10 Exporters Countries of Tower cranes 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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