2022
Exports
$260MWorld Rnk 4 / 126
Flag Rnk 565 / 1216
2022
PRODUCT COMPLEXITY IN Casting Machines
0.63Rnk 304 / 1025
2022
Imports
$157MWorld Rnk 5 / 183
Flag Rnk 676 / 1215
2022
ECONOMIC COMPLEXITY of Germany
1.78Rnk 5 / 133

About

Exports In 2022, Germany exported $260M in Casting Machines, making it the 4th largest exporter of Casting Machines in the world. At the same year, Casting Machines was the 565th most exported product in Germany. The main destination of Casting Machines exports from Germany are: United States ($36.5M), Italy ($26.7M), China ($23.8M), Austria ($18.5M), and Turkey ($17M).

The fastest growing export markets for Casting Machines of Germany between 2021 and 2022 were United Arab Emirates ($8.46M), Vietnam ($6.39M), and Austria ($5.43M).

Imports In 2022, Germany imported $157M in Casting Machines, becoming the 5th largest importer of Casting Machines in the world. At the same year, Casting Machines was the 676th most imported product in Germany. Germany imports Casting Machines primarily from: Italy ($49.3M), China ($21.3M), Switzerland ($17.3M), United States ($17M), and Poland ($9.1M).

The fastest growing import markets in Casting Machines for Germany between 2021 and 2022 were Italy ($14.2M), United States ($11.3M), and China ($7.37M).

COMPANIES In 2023, leading companies such as ABB Motors and Mechanical (126), Haas Automation (4), and Goodyear Tire and Rubber (1) were at the forefront of shipping Casting Machines from Germany to the United States.

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Casting Machines. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$260M
IMPORTS (2022)$157M
NET TRADE (2022)$103M

In 2022, Germany exported $260M in Casting Machines. The main destinations of Germany exports on Casting Machines were United States ($36.5M), Italy ($26.7M), China ($23.8M), Austria ($18.5M), and Turkey ($17M).

In 2022, Germany imported $157M in Casting Machines, mainly from Italy ($49.3M), China ($21.3M), Switzerland ($17.3M), United States ($17M), and Poland ($9.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Casting Machines EXPORT MARKETS FOR Germany WERE (2021 - 2022):
Vietnam$6.39M (257%)
Austria$5.43M (41.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Casting Machines BY Germany WERE (2021 - 2022):
Russia-$8.51M (-84.6%)
Iran-$8.32M (-96.4%)
Spain-$5.34M (-42.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Germany's main exporting competitors in Casting Machines were:
China $862M
Italy $360M
Japan $267M
In 2022, Germany's main importing competitors in Casting Machines were:

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Trade Value of Casting Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $4.56M
TOP IMPORT POTENTIALChina+ $8.12M

Casting Machines’s highest export potential is India. With an export gap of $4.56M.   Casting Machines’s highest import potential is China with an import gap of $8.12M.

See methodology.

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