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Pricing

2022
Exports | Imports $510M | $1.48BWorld Rnk 6 / 169
Flag Rnk 385 / 1217
World Rnk 1 / 215
Flag Rnk 319 / 1216
2021 - 2022
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN $59.9M | $51.7MCanada |  Japan
2022
ECONOMIC COMPLEXITY of United States1.41Rnk 10 / 124
2022
PRODUCT COMPLEXITY IN Cranes0.82Rnk 239 / 1025

About

Exports In 2022, United States exported $510M in Cranes, making it the 6th largest exporter of Cranes in the world. At the same year, Cranes was the 385th most exported product in United States. The main destination of Cranes exports from United States are: Canada ($183M), Mexico ($67.2M), United Kingdom ($13.5M), Dominican Republic ($12.9M), and Saudi Arabia ($12.3M).

The fastest growing export markets for Cranes of United States between 2021 and 2022 were Canada ($59.9M), Mexico ($17.2M), and Argentina ($11.2M).

Imports In 2022, United States imported $1.48B in Cranes, becoming the 1st largest importer of Cranes in the world. At the same year, Cranes was the 319th most imported product in United States. United States imports Cranes primarily from: Japan ($297M), Germany ($259M), Italy ($138M), Canada ($134M), and Austria ($129M).

The fastest growing import markets in Cranes for United States between 2021 and 2022 were Japan ($51.7M), Finland ($34.1M), and Austria ($27.4M).

COMPANIES In 2023, leading companies such as AMERICAN OMNI TRADING (108k), HANKOOK TIRE AMERICA CORP. (30.3k), and SUMITOMO RUBBER NORTH AMERICA, INC. (19.7k) were at the forefront of shipping Cranes to the United States.

Latest Trends

January 2024

About

Overview In January 2024 United States' Cranes exports accounted up to $34.8M and imports accounted up to $170M, resulting in a negative trade balance of $135M. Between January 2023 and January 2024 the exports of United States'   Cranes have decreased by $-6.33M (-15.4%) from $41.2M to $34.8M, while imports increased by $26.7M (18.7%) from $143M to $170M.

Destinations In January 2024, Cranes were exported mostly to Canada ($14.9M), Mexico ($6.57M), South Korea ($1.97M), Saudi Arabia ($986k), and Brazil ($972k), and were imported mostly from Japan ($42M), Germany ($40M), Austria ($23.3M), Poland ($12.8M), and Italy ($10.4M).

Growth In January 2024, the decrease in Cranes's year-by-year exports was explained primarily by a decrease in exports to United Arab Emirates ($-4.32M or -99.4%), Brazil ($-2.1M or -97.5%), and Egypt ($-1.96M or -94%). In January 2024, the increase in Cranes's year-by-year imports was explained primarily by an increase in imports from Germany ($19.6M or 112%), Austria ($16.5M or 218%), and Italy ($9.33M or 216%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (January 2023 - January 2024)$-6.33M(-15.4%)
IMPORT GROWTH (January 2023 - January 2024)$26.7M(18.7%)
MAIN EXPORTER (January 2024)Texas$8.29M
MAIN DESTINATION (January 2024)Canada$14.9M

This section shows Cranes's exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Cranes over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$510M
IMPORTS (2022)$1.48B
NET TRADE (2022)-$970M

In 2022, United States exported $510M in Cranes. The main destinations of United States exports on Cranes were Canada ($183M), Mexico ($67.2M), United Kingdom ($13.5M), Dominican Republic ($12.9M), and Saudi Arabia ($12.3M).

In 2022, United States imported $1.48B in Cranes, mainly from Japan ($297M), Germany ($259M), Italy ($138M), Canada ($134M), and Austria ($129M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cranes EXPORT MARKETS FOR United States WERE (2021 - 2022):
Canada$59.9M (48.7%)
Mexico$17.2M (34.3%)
Argentina$11.2M (1.03k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cranes BY United States WERE (2021 - 2022):
Netherlands-$13.8M (-64.9%)
Spain-$9.48M (-86.5%)
Singapore-$8.18M (-53.1%)
Explore Visualizations

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Cranes were:
China $4.1B
Germany $1.93B
Italy $1.28B
In 2022, United States's main importing competitors in Cranes were:
Germany $729M
France $587M

Explore Visualizations

Trade Value of Cranes by Exporters

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