2023
Exports
$57MWorld Rnk 23 / 167
Flag Rnk 86 / 1166
2023
PRODUCT COMPLEXITY IN Forging Machines
1.5Rnk 45 / 1025
2023
Imports
$67.7MWorld Rnk 32 / 214
Flag Rnk 142 / 1196
2023
ECONOMIC COMPLEXITY of New Zealand
0.48Rnk 43 / 132

About

Exports In 2023, New Zealand exported $57M in Forging Machines, making it the 23rd largest exporter of Forging Machines in the world. At the same year, Forging Machines was the 86th most exported product in New Zealand. The main destination of Forging Machines exports from New Zealand are: United States ($17.7M), Australia ($10.8M), Saudi Arabia ($7.51M), United Kingdom ($2.41M), and Ireland ($1.62M).

The fastest growing export markets for Forging Machines of New Zealand between 2022 and 2023 were United States ($12.7M), Saudi Arabia ($5.45M), and United Kingdom ($1.61M).

Imports In 2023, New Zealand imported $67.7M in Forging Machines, becoming the 32nd largest importer of Forging Machines in the world. At the same year, Forging Machines was the 142nd most imported product in New Zealand. New Zealand imports Forging Machines primarily from: United States ($21M), Japan ($13.1M), China ($5.58M), Italy ($5.31M), and Germany ($5.11M).

The fastest growing import markets in Forging Machines for New Zealand between 2022 and 2023 were United States ($20.1M), Japan ($12.1M), and Netherlands ($3.61M).

Latest Trends

Dec 2024

Subnational Monthly Trade

View
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.

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2023)$57M
IMPORTS (2023)$67.7M
NET TRADE (2023)-$10.7M

In 2023, New Zealand exported $57M in Forging Machines. The main destinations of New Zealand exports on Forging Machines were United States ($17.7M), Australia ($10.8M), Saudi Arabia ($7.51M), United Kingdom ($2.41M), and Ireland ($1.62M).

In 2023, New Zealand imported $67.7M in Forging Machines, mainly from United States ($21M), Japan ($13.1M), China ($5.58M), Italy ($5.31M), and Germany ($5.11M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Forging Machines EXPORT MARKETS FOR New Zealand WERE (2022 - 2023):
United States$12.7M (250%)
Saudi Arabia$5.45M (264%)
United Kingdom$1.61M (203%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Forging Machines BY New Zealand WERE (2022 - 2023):
China-$3.11M (-100%)
Australia-$2.92M (-21.2%)
Croatia-$1.3M (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, New Zealand's main exporting competitors in Forging Machines were:
China $1.99B
Italy $1.4B
Germany $1.17B
In 2023, New Zealand's main importing competitors in Forging Machines were:

Explore Visualizations

Trade Value of Forging Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.47M
TOP IMPORT POTENTIALChina+ $1.22M

Forging Machines’s highest export potential is United States. With an export gap of $2.47M.   Forging Machines’s highest import potential is China with an import gap of $1.22M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with