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Pricing

2022
Exports $1.2BWorld Rnk 2 / 165
Flag Rnk 131 / 1217
2022
Destination $49.7M United States
2021 - 2022
FASTEST GROWING MARKET $49.7MUnited States
2022
PRODUCT COMPLEXITY IN Forging Machines1.5Rnk 53 / 1025
2022
Imports $316MWorld Rnk 7 / 211
Flag Rnk 338 / 1215
2022
Origin $26M Germany
2021 - 2022
FASTEST GROWING ORIGIN $26MAustria
2022
ECONOMIC COMPLEXITY of Italy1.29Rnk 17 / 133

About

Exports In 2022, Italy exported $1.2B in Forging Machines, making it the 2nd largest exporter of Forging Machines in the world. At the same year, Forging Machines was the 131st most exported product in Italy. The main destination of Forging Machines exports from Italy are: United States ($204M), Germany ($98.7M), Poland ($82.6M), Russia ($57.3M), and France ($50.1M).

The fastest growing export markets for Forging Machines of Italy between 2021 and 2022 were United States ($49.7M), Czechia ($15.5M), and Russia ($15.1M).

Imports In 2022, Italy imported $316M in Forging Machines, becoming the 7th largest importer of Forging Machines in the world. At the same year, Forging Machines was the 338th most imported product in Italy. Italy imports Forging Machines primarily from: Germany ($62M), Austria ($51.8M), Turkey ($30.7M), Switzerland ($23.2M), and China ($23M).

The fastest growing import markets in Forging Machines for Italy between 2021 and 2022 were Austria ($26M), Germany ($13.9M), and China ($9.3M).

COMPANIES In 2023, leading companies such as Robert Bosch (10), Trumpf (2), and ZF Friedrichshafen (1) were at the forefront of shipping Forging Machines from Italy to the United States.

Latest Trends

July 2024

About

Overview In July 2024 Italy's Forging Machines exports accounted up to €135M and imports accounted up to €19.8M, resulting in a positive trade balance of €115M. Between July 2023 and July 2024 the exports of Italy's   Forging Machines have decreased by €-1.29M (-0.95%) from €136M to €135M, while imports decreased by €-1.52M (-7.13%) from €21.3M to €19.8M.

Destinations In July 2024, Forging Machines were exported mostly to Germany (€23.4M), United States (€21.7M), Mexico (€14.3M), Turkey (€8.77M), and Spain (€7.91M), and were imported mostly from France (€4.98M), Germany (€4.11M), Austria (€2.17M), United Kingdom (€1.87M), and China (€1.54M).

Growth In July 2024, the decrease in Forging Machines's year-by-year exports was explained primarily by a decrease in exports to Poland (€-3.95M or -72.7%), China (€-2.63M or -96.1%), and France (€-2.24M or -36.4%). In July 2024, the decrease in Forging Machines's year-by-year imports was explained primarily by a decrease in imports from Chinese Taipei (€-866k or -90.4%), Turkey (€-798k or -37%), and Switzerland (€-557k or -65.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)€-1.29M(-0.95%)
IMPORT GROWTH (July 2023 - July 2024)€-1.52M(-7.13%)
MAIN DESTINATION (July 2024)Germany€23.4M

This section shows Forging Machines's exports and imports data at subnational level for Italy. 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)$1.2B
IMPORTS (2022)$316M
NET TRADE (2022)$888M

In 2022, Italy exported $1.2B in Forging Machines. The main destinations of Italy exports on Forging Machines were United States ($204M), Germany ($98.7M), Poland ($82.6M), Russia ($57.3M), and France ($50.1M).

In 2022, Italy imported $316M in Forging Machines, mainly from Germany ($62M), Austria ($51.8M), Turkey ($30.7M), Switzerland ($23.2M), and China ($23M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Forging Machines EXPORT MARKETS FOR Italy WERE (2021 - 2022):
United States$49.7M (32.2%)
Czechia$15.5M (85%)
Russia$15.1M (35.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Forging Machines BY Italy WERE (2021 - 2022):
Germany-$60.3M (-37.9%)
Brazil-$27.3M (-51.4%)
Romania-$22.6M (-47.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Italy's main exporting competitors in Forging Machines were:
China $1.72B
Germany $1.02B
In 2022, Italy's main importing competitors in Forging Machines were:
United States $1.33B
China $825M
Mexico $547M

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Trade Value of Forging Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $21.6M
TOP IMPORT POTENTIALChina+ $12.1M

Forging Machines’s highest export potential is China. With an export gap of $21.6M.   Forging Machines’s highest import potential is China with an import gap of $12.1M.

See methodology.

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