2022
Exports
$56.4MWorld Rnk 22 / 165
Flag Rnk 92 / 1168
2022
PRODUCT COMPLEXITY IN Forging Machines
1.5Rnk 53 / 1025
2022
Imports
$31.6MWorld Rnk 50 / 211
Flag Rnk 285 / 1202
2022
ECONOMIC COMPLEXITY of New Zealand
0.46Rnk 45 / 133

About

Exports In 2022, New Zealand exported $56.4M in Forging Machines, making it the 22nd largest exporter of Forging Machines in the world. At the same year, Forging Machines was the 92nd most exported product in New Zealand. The main destination of Forging Machines exports from New Zealand are: Australia ($16.7M), United States ($15.6M), China ($3.31M), Ireland ($2.58M), and Saudi Arabia ($2.12M).

The fastest growing export markets for Forging Machines of New Zealand between 2021 and 2022 were Australia ($3.07M), China ($1.87M), and Ireland ($1.52M).

Imports In 2022, New Zealand imported $31.6M in Forging Machines, becoming the 50th largest importer of Forging Machines in the world. At the same year, Forging Machines was the 285th most imported product in New Zealand. New Zealand imports Forging Machines primarily from: China ($7.52M), Australia ($4.58M), Canada ($3.24M), Italy ($3.07M), and South Korea ($2.98M).

The fastest growing import markets in Forging Machines for New Zealand between 2021 and 2022 were Canada ($3.19M), South Korea ($2.87M), and Italy ($1.17M).

Latest Trends

Apr 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 Forging 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)$56.4M
IMPORTS (2022)$31.6M
NET TRADE (2022)$24.7M

In 2022, New Zealand exported $56.4M in Forging Machines. The main destinations of New Zealand exports on Forging Machines were Australia ($16.7M), United States ($15.6M), China ($3.31M), Ireland ($2.58M), and Saudi Arabia ($2.12M).

In 2022, New Zealand imported $31.6M in Forging Machines, mainly from China ($7.52M), Australia ($4.58M), Canada ($3.24M), Italy ($3.07M), and South Korea ($2.98M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Forging Machines EXPORT MARKETS FOR New Zealand WERE (2021 - 2022):
Australia$3.07M (22.4%)
China$1.87M (130%)
Ireland$1.52M (142%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Forging Machines BY New Zealand WERE (2021 - 2022):
United States-$5.28M (-25.3%)
Canada-$2.19M (-88.5%)
Argentina-$1.58M (-82.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, New Zealand's main exporting competitors in Forging Machines were:
China $1.72B
Italy $1.2B
Germany $1.02B
In 2022, New Zealand's main importing competitors in Forging Machines were:

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Trade Value of Forging Machines by Exporters

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