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842531 (Harmonized System 1992 for 6-digit)

2022
World Trade $1.3BRnk 1898 / 4648
2022
Top Exporter | Top Importer $514M | $226MChina | United States
2022
Product Complexity 0.95Rnk 848 / 4653
2021 - 2022
Export Growth (CAGR) -3.94%Rnk 3473 / 4648
2022
Share of World Trade 0.0055%Rnk 1898 / 4648

About

Overview This page contains the latest trade data of Winches or capstans nes powered by electric motor. In 2022, Winches or capstans nes powered by electric motor were the world's 1898th most traded product, with a total trade of $1.3B. Between 2021 and 2022 the exports of Winches or capstans nes powered by electric motor decreased by -3.94%, from $1.35B to $1.3B. Trade in Winches or capstans nes powered by electric motor represent 0.0055% of total world trade.

Winches or capstans nes powered by electric motor are a part of Pulley Systems.

Exports In 2022 the top exporters of Winches or capstans nes powered by electric motor  were China ($514M), Italy ($98.4M), Germany ($94.7M), United States ($84.7M), and Finland ($68.4M).

Imports In 2022 the top importers of Winches or capstans nes powered by electric motor were United States ($226M), China ($82.7M), Germany ($58.6M), Canada ($56.4M), and Vietnam ($52.4M).

Ranking Winches or capstans nes powered by electric motor ranks 848th in the Product Complexity Index (PCI).

Description A winch or capstan is any of a number of devices that use winding power to pull in and let out cable or a rope. As an example, a winch may be attached to a boat to help it back in if it gets stuck on the shore. A winch may also be used to pull in a cable or a rope to bring a boat closer to shore.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Winches or capstans nes powered by electric motor. 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$514M
Top Destination (2022)United States$226M

In 2022 Winches or capstans nes powered by electric motor were the world's 1898th most traded product (out of 4,648).

In 2022, the top exporters of Winches or capstans nes powered by electric motor were China ($514M), Italy ($98.4M), Germany ($94.7M), United States ($84.7M), and Finland ($68.4M).

In 2022, the top importers of Winches or capstans nes powered by electric motor were United States ($226M), China ($82.7M), Germany ($58.6M), Canada ($56.4M), and Vietnam ($52.4M).

Explore Visualizations

Exporters of Winches or capstans nes powered by electric motor (2022)
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Importers of Winches or capstans nes powered by electric motor (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Canada$8.36M
Top Destination Growth (2021 -  2022)Vietnam$11.1M

Between 2021 and 2022, the exports of Winches or capstans nes powered by electric motor grew the fastest in Canada ($8.36M), China ($7.88M), Singapore ($6.57M), Denmark ($6.22M), and Serbia ($5.1M).

Between 2021 and 2022, the fastest growing importers of Winches or capstans nes powered by electric motor were Vietnam ($11.1M), France ($9.19M), Saudi Arabia ($8.45M), United Kingdom ($7.75M), and Serbia ($6.67M).

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Exporters of Winches or capstans nes powered by electric motor (2021 - 2022)

Importers of Winches or capstans nes powered by electric motor (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Winches or capstans nes powered by electric motor.

In 2022, market concentration measured using Shannon Entropy, was 3.71. This means that most of the exports of Winches or capstans nes powered by electric motor are explained by 13 countries.

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Value of Exports in Winches or capstans nes powered by electric motor

Net Trade

TOP NET EXPORTER (2022)China$431M
TOP NET IMPORTER (2022)United States$141M

This map shows which countries export or import more of Winches or capstans nes powered by electric motor. Each country is colored based on the difference in exports and imports of Winches or capstans nes powered by electric motor during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Winches or capstans nes powered by electric motor were China ($431M), Finland ($62M), Italy ($60.5M), Germany ($36M), and Switzerland ($24.7M).

In 2022, the countries that had a largest trade value in imports than in exports of Winches or capstans nes powered by electric motor were United States ($141M), Vietnam ($51.1M), Australia ($35.2M), Turkey ($32.8M), and Russia ($31.8M).

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 Winches or capstans nes powered by electric motor.
It is possible to select the main countries that export or import Winches or capstans nes powered by electric motor in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Winches or capstans nes powered by electric motor 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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