Forging Machines in New Zealand

EXPORTS (2018): $58.1M, World Rnk 26 / 147
Flag Rnk 87 / 1137

TOP DESTINATION (2018): $15.5M, China

FASTEST GROWING MARKET (2017 - 2018): $14.1M, China

IMPORTS (2018): $19.4M, World Rnk 63 / 208
Flag Rnk 332 / 1191

TOP ORIGIN (2018): $4.23M, China

FASTEST GROWING ORIGIN (2017 - 2018): $1.12M, Japan

ECONOMIC COMPLEXITY of New Zealand (2018): 0.46, Rnk 49 / 137

PRODUCT COMPLEXITY  IN Forging Machines (2018): 1.44, Rnk 56 / 1018

Overview: This page contains the latest trade data of Forging Machines in New Zealand.

Exports: In 2018, New Zealand exported $58.1M in Forging Machines, making it the 26th largest exporter of Forging Machines in the world. At the same year, Forging Machines was the 87th most exported product in New Zealand. The main destination of Forging Machines exports from New Zealand are: China ($15.5M), United States ($12.4M), Australia ($6.39M), Netherlands ($3.14M), and Portugal ($2.31M).

The fastest growing export markets for Forging Machines of New Zealand between 2017 and 2018 were China ($14.1M), United States ($9.45M), and Netherlands ($2.59M).

Imports: In 2018, New Zealand imported $19.4M in Forging Machines, becoming the 63rd largest importer of Forging Machines in the world. At the same year, Forging Machines was the 332nd most imported product in New Zealand. New Zealand imports Forging Machines primarily from: China ($4.23M), Japan ($3.37M), Italy ($3.17M), Australia ($1.6M), and Turkey ($1.48M).

The fastest growing import markets in Forging Machines for New Zealand between 2017 and 2018 were Japan ($1.12M), Italy ($536k), and South Korea ($522k).

Tariffs: In 2017, the average tariff for New Zealand in Forging Machines was 3.62%. The countries with the highest import tariffs for Forging Machines were Botswana (5%), Cote d'Ivoire (5%), Cameroon (5%), Republic of the Congo (5%), and Algeria (5%).

Value

EXPORTS (2018): $58.1M

IMPORTS (2018): $19.4M

NET TRADE (2018): $38.7M

In 2018, New Zealand exported $58.1M in Forging Machines. The main destinations of New Zealand exports on Forging Machines were China ($15.5M), United States ($12.4M), Australia ($6.39M), Netherlands ($3.14M), and Portugal ($2.31M).

In 2018, New Zealand imported $19.4M in Forging Machines, mainly from China ($4.23M), Japan ($3.37M), Italy ($3.17M), Australia ($1.6M), and Turkey ($1.48M).

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IN 2018, New Zealand HAD A POSITIVE NET TRADE IN Forging Machines WITH:

  • United States, $11.6M ($12.4M - $763k)
  • China, $11.2M ($15.5M - $4.23M)
  • Australia, $4.8M ($6.39M - $1.6M)

IN 2018, New Zealand HAD A NEGATIVE NET TRADE IN Forging Machines WITH:

  • Japan, -$3.37M ($2.98k - $3.37M)
  • Italy, -$3.03M ($142k - $3.17M)
  • Turkey, -$1.37M ($113k - $1.48M)
Flow

THE FASTEST GROWING Forging Machines EXPORT MARKETS FOR New Zealand WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Forging Machines BY New Zealand WERE (2017 - 2018):

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Market Concentration

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Flow
Type

In 2018, New Zealand's main exporting competitors in Forging Machines were:

In 2018, New Zealand's main importing competitors in Forging Machines were:

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Forging Machines in New Zealand. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

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Tariffs by Country

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In 2017, the average tariff for New Zealand in Forging Machines was 3.62%.

The countries with the highest tariffs for Forging Machines in New Zealand were Botswana (5%), Cote d'Ivoire (5%), Cameroon (5%), Republic of the Congo (5%), and Algeria (5%).

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