From January to June 2021, China and Puerto Rico increased by $370.9243 million compared with the same period in 2020, a year-on-year increase of 49.5%.
From January to June 2021, the total value of China’s exports to Puerto Rico was US$456.4428 million, an increase of US$158.8018 million compared with the same period in 2020, a year-on-year increase of 53.6%; the total value of China’s imports from Puerto Rico was US$664.5275 million, compared with 2020. During the same period, it increased by 212.1225 million US dollars, a year-on-year increase of 46.9%.
As a free state in the Hoa Kỳ, Puerto Rico has significantly smaller economic and trade exchanges with China. We currently do not have many cooperation projects in Puerto Rico. In the past 2021, we have reached a cooperation project for jib cranes. However, we have certain confidence in opening the Puerto Rico market. This article will analyze the Puerto Rico overhead crane market from multiple perspectives, hoping to be helpful.
The Puerto Rico Overhead Crane Market was $X in 2019 and thus remains relatively stable compared to the previous year. This figure reflects the total revenue of producers and importers (excluding logistics costs, retail marketing costs and retailers' profits, which will be included in the final consumer price). In general, consumption shows a relatively stable trend pattern.
In 2020, China (X units), followed by Nước Ý (X đơn vị), Ấn độ (X units), and the Czech Republic (X units) were the leading exporters of fixed-support overhead cranes, together accounting for X of the total %Export. The following exporters - Nga (X đơn vị), Tây ban nha (X units), United States (X units), Đức (X đơn vị), Thổ nhĩ kỳ (X đơn vị), Hà lan (X units), South Korea (X units), Phần lan (X units) units) and Áo (X units) – combined for X% of total exports.
From 2007 to 2020, the average annual growth rate of China's bridge crane exports is +X%. Meanwhile, India (+X%), Netherlands (+X%), Russia (+X%), Spain (+X%), Turkey (+X%), Austria (+X%) and Czech Republic (+X% ) showed a positive growth rate. Moreover, India became the fastest growing exporter in the world with a CAGR of +X% from 2007-2020. Italy experienced a relatively flat trend pattern. In contrast, South Korea (-X%), the United States (-X%), Finland (-X%), and Germany (-X%) showed declines over the same period. China (+X pp), India (+X pp), Russia (+X pp), Spain (+X pp), Czech Republic (+X pp), Netherlands (+X pp), Turkey (+X pp) ) and Italy (+X pp) have significantly strengthened their positions in global exports, while the shares of the US, Finland and Germany have decreased by -X%, -X% and -X% respectively from 2007 to 2020. The share of other countries remained relatively stable throughout the analysis period.
China ($X) remains the largest supplier of overhead cranes to Puerto Rico by value, accounting for X% of global exports. In second place is Italy ($X) with X% of global exports. It is followed by Spain with an X% share. In China, overhead crane exports grew at an average annual rate of +X% between 2007 and 2020. In other countries, the average annual growth rates are as follows: Italy (+X% per year) and Spain (+X% per year).
The export price of Puerto Rico overhead cranes in 2020 was X USD per thousand units, unchanged from the previous year. Overall, export prices showed a relatively flat trend pattern. There are significant differences in average prices between major exporting countries. In 2020, the country with the highest price was Spain ($X per thousand units), while India ($X per thousand units) was one of the lowest. From 2007 to 2020, Finland achieved the most significant price growth rate, while other leaders experienced more modest growth rates.
2020 Canada (X đơn vị), Nigeria (X units), Netherlands (X units), Spain (X units), Thụy sĩ (X units), Russia (X units), Lithuania (X units), Turkey (X units) ), Indonesia (X đơn vị), Ukraine (X units), the United States (X units) and Bangladesh (X units) are the major importers of fixed-support overhead cranes globally, accounting for X% of total imports. Romania (X units) accounted for a small share of total imports. From 2007 to 2020, of the major importing countries, Nigeria recorded the most significant growth in purchases, while other leaders saw more modest growth in imports.
In value terms, the United States ($X), Russia ($X) and the Netherlands ($X) were the countries with the highest levels of imports in 2020, together accounting for X% of total imports. Indonesia, Turkey, Switzerland, Ukraine, Canada, Nigeria, Bangladesh, Spain, Romania and Lithuania were slightly behind, and among the major importing countries during the period, another X recorded the highest growth rate in import value under review, while the other leaders’ Purchases experienced a more modest growth rate.
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