HS Icon Forging Machines in  Flag New Zealand

2021
Exports | Imports
: $71.2M | $24.2M, World Rnk 21 / 169
Flag Rnk 108 / 1169 | World Rnk 61 / 212
Flag Rnk 321 / 1198

2020 - 2021
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $17.2M | $3.89M, United States |  China

2021
ECONOMIC COMPLEXITY of New Zealand
: 0.46, Rnk 46 / 131

2021
PRODUCT COMPLEXITY IN Forging Machines
: 1.48, Rnk 59 / 1029

Exports In 2021, New Zealand exported $71.2M in Forging Machines, making it the 21st largest exporter of Forging Machines in the world. At the same year, Forging Machines was the 108th most exported product in New Zealand. The main destination of Forging Machines exports from New Zealand are: United States ($30.2M), Australia ($16.7M), Canada ($3.11M), China ($2.68M), and Ireland ($1.93M).

The fastest growing export markets for Forging Machines of New Zealand between 2020 and 2021 were United States ($17.2M), Australia ($11.1M), and China ($2.39M).

Imports In 2021, New Zealand imported $24.2M in Forging Machines, becoming the 61st largest importer of Forging Machines in the world. At the same year, Forging Machines was the 321st most imported product in New Zealand. New Zealand imports Forging Machines primarily from: China ($7.05M), Australia ($4.19M), Turkey ($2.11M), Germany ($1.96M), and Italy ($1.9M).

The fastest growing import markets in Forging Machines for New Zealand between 2020 and 2021 were China ($3.89M), Australia ($2.98M), and Brazil ($1.32M).

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 (Most Favoured Nation duty rate treatment, 5%), Cote d'Ivoire (Most Favoured Nation duty rate treatment, 5%), Cameroon (Most Favoured Nation duty rate treatment, 5%), Republic of the Congo (Most Favoured Nation duty rate treatment, 5%), and Algeria (Most Favoured Nation duty rate treatment, 5%).

Subnational Monthly Trade

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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

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EXPORTS (2021): $71.2M

IMPORTS (2021): $24.2M

NET TRADE (2021): $46.9M

In 2021, New Zealand exported $71.2M in Forging Machines. The main destinations of New Zealand exports on Forging Machines were United States ($30.2M), Australia ($16.7M), Canada ($3.11M), China ($2.68M), and Ireland ($1.93M).

In 2021, New Zealand imported $24.2M in Forging Machines, mainly from China ($7.05M), Australia ($4.19M), Turkey ($2.11M), Germany ($1.96M), and Italy ($1.9M).

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THE FASTEST GROWING Forging Machines EXPORT MARKETS FOR New Zealand WERE (2020 - 2021):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Forging Machines BY New Zealand WERE (2020 - 2021):

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Market Concentration

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In 2021, New Zealand's main exporting competitors in Forging Machines were:

In 2021, New Zealand's main importing competitors in Forging Machines were:

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