2022
Exports
$54.4MWorld Rnk 23 / 165
Flag Rnk 263 / 1216
2022
PRODUCT COMPLEXITY IN Forging Machines
1.5Rnk 53 / 1025
2022
Imports
$54.3MWorld Rnk 37 / 211
Flag Rnk 348 / 1216
2022
ECONOMIC COMPLEXITY of Portugal
0.57Rnk 42 / 133

About

Exports In 2022, Portugal exported $54.4M in Forging Machines, making it the 23rd largest exporter of Forging Machines in the world. At the same year, Forging Machines was the 263rd most exported product in Portugal. The main destination of Forging Machines exports from Portugal are: Spain ($8.46M), United States ($4.23M), Poland ($3.76M), Finland ($2.93M), and United Kingdom ($2.88M).

The fastest growing export markets for Forging Machines of Portugal between 2021 and 2022 were Spain ($3.59M), Finland ($2.26M), and Angola ($1.56M).

Imports In 2022, Portugal imported $54.3M in Forging Machines, becoming the 37th largest importer of Forging Machines in the world. At the same year, Forging Machines was the 348th most imported product in Portugal. Portugal imports Forging Machines primarily from: Italy ($14.1M), Germany ($12.4M), Spain ($6.8M), China ($5.1M), and Turkey ($4.62M).

The fastest growing import markets in Forging Machines for Portugal between 2021 and 2022 were Italy ($7.61M), Germany ($5.17M), and United States ($2.26M).

COMPANIES In 2023, leading companies such as Wismettac Asian Foods (1) were at the forefront of shipping Forging Machines from Portugal to the United States.

Latest Trends

Sep 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)$54.4M
IMPORTS (2022)$54.3M
NET TRADE (2022)$164k

In 2022, Portugal exported $54.4M in Forging Machines. The main destinations of Portugal exports on Forging Machines were Spain ($8.46M), United States ($4.23M), Poland ($3.76M), Finland ($2.93M), and United Kingdom ($2.88M).

In 2022, Portugal imported $54.3M in Forging Machines, mainly from Italy ($14.1M), Germany ($12.4M), Spain ($6.8M), China ($5.1M), and Turkey ($4.62M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Forging Machines EXPORT MARKETS FOR Portugal WERE (2021 - 2022):
Spain$3.59M (73.5%)
Finland$2.26M (336%)
Angola$1.56M (165%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Forging Machines BY Portugal WERE (2021 - 2022):
Egypt-$2.33M (-94.4%)
Israel-$2.16M (-91.7%)
Mexico-$962k (-33.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Forging Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3.79M
TOP IMPORT POTENTIALChina+ $2.97M

Forging Machines’s highest export potential is United States. With an export gap of $3.79M.   Forging Machines’s highest import potential is China with an import gap of $2.97M.

See methodology.

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