2022
Exports | Imports
$620M | $1.33BWorld Rnk 5 / 165
Flag Rnk 343 / 1217
World Rnk 1 / 211
Flag Rnk 336 / 1216
2022
ECONOMIC COMPLEXITY of United States
1.41Rnk 10 / 124
2022
PRODUCT COMPLEXITY IN Forging Machines
1.41Rnk 62 / 1025

About

Exports In 2022, United States exported $620M in Forging Machines, making it the 5th largest exporter of Forging Machines in the world. At the same year, Forging Machines was the 343rd most exported product in United States. The main destination of Forging Machines exports from United States are: Mexico ($215M), Canada ($94M), China ($48M), Brazil ($23.3M), and France ($21.8M).

The fastest growing export markets for Forging Machines of United States between 2021 and 2022 were Mexico ($26.2M), France ($17.3M), and China ($15.8M).

Imports In 2022, United States imported $1.33B in Forging Machines, becoming the 1st largest importer of Forging Machines in the world. At the same year, Forging Machines was the 336th most imported product in United States. United States imports Forging Machines primarily from: Italy ($204M), Japan ($147M), Germany ($141M), Canada ($109M), and Austria ($98.8M).

The fastest growing import markets in Forging Machines for United States between 2021 and 2022 were Italy ($49.7M), Canada ($26M), and South Korea ($25.3M).

COMPANIES In 2023, leading companies such as LG ELECTRONICS U.S.A. INC. (5.16k), IKEA SUPPLY AG (2.59k), and FORD MOTOR COMPANY (1.32k) were at the forefront of shipping Forging Machines to the United States.

Latest Trends

December 2023

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2022 - December 2023)$-27.1M(-26.3%)
IMPORT GROWTH (December 2022 - December 2023)$32.3M(30%)
MAIN EXPORTER (December 2023)
MAIN DESTINATION (December 2023)Canada$18.1M

This section shows Forging Machines'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 Forging Machines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$620M
IMPORTS (2022)$1.33B
NET TRADE (2022)-$706M

In 2022, United States exported $620M in Forging Machines. The main destinations of United States exports on Forging Machines were Mexico ($215M), Canada ($94M), China ($48M), Brazil ($23.3M), and France ($21.8M).

In 2022, United States imported $1.33B in Forging Machines, mainly from Italy ($204M), Japan ($147M), Germany ($141M), Canada ($109M), and Austria ($98.8M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Forging Machines EXPORT MARKETS FOR United States WERE (2021 - 2022):
Mexico$26.2M (13.9%)
France$17.3M (390%)
China$15.8M (49.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Forging Machines BY United States WERE (2021 - 2022):
India-$16.6M (-69%)
Brazil-$13.6M (-36.8%)
Russia-$13.4M (-95.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Forging Machines were:
China $1.72B
Italy $1.2B
Germany $1.02B
In 2022, United States's main importing competitors in Forging Machines were:
China $825M

Explore Visualizations

Trade Value of Forging Machines by Exporters

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