2023
Exports
$58.9MWorld Rnk 22 / 167
Flag Rnk 198 / 1200
2023
PRODUCT COMPLEXITY IN Forging Machines
1.5Rnk 45 / 1025
2023
Imports
$42.6MWorld Rnk 45 / 214
Flag Rnk 323 / 1211
2023
ECONOMIC COMPLEXITY of Slovakia
1.35Rnk 15 / 132

About

Exports In 2023, Slovakia exported $58.9M in Forging Machines, making it the 22nd largest exporter of Forging Machines in the world. At the same year, Forging Machines was the 198th most exported product in Slovakia. The main destination of Forging Machines exports from Slovakia are: Belgium ($9.7M), Czechia ($9.07M), Germany ($8.5M), France ($4.01M), and United States ($3.63M).

The fastest growing export markets for Forging Machines of Slovakia between 2022 and 2023 were Czechia ($7.53M), France ($3.05M), and Turkey ($2.43M).

Imports In 2023, Slovakia imported $42.6M in Forging Machines, becoming the 45th largest importer of Forging Machines in the world. At the same year, Forging Machines was the 323rd most imported product in Slovakia. Slovakia imports Forging Machines primarily from: Italy ($10.5M), Germany ($6.54M), Czechia ($5.55M), South Korea ($2.69M), and France ($2.29M).

The fastest growing import markets in Forging Machines for Slovakia between 2022 and 2023 were Czechia ($1.46M), France ($1.24M), and Switzerland ($871k).

Latest Trends

Dec 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 (2023)$58.9M
IMPORTS (2023)$42.6M
NET TRADE (2023)$16.3M

In 2023, Slovakia exported $58.9M in Forging Machines. The main destinations of Slovakia exports on Forging Machines were Belgium ($9.7M), Czechia ($9.07M), Germany ($8.5M), France ($4.01M), and United States ($3.63M).

In 2023, Slovakia imported $42.6M in Forging Machines, mainly from Italy ($10.5M), Germany ($6.54M), Czechia ($5.55M), South Korea ($2.69M), and France ($2.29M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Forging Machines EXPORT MARKETS FOR Slovakia WERE (2022 - 2023):
Czechia$7.53M (490%)
France$3.05M (317%)
Turkey$2.43M (791%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Forging Machines BY Slovakia WERE (2022 - 2023):
Belgium-$9.52M (-49.5%)
United States-$3.85M (-51.4%)
Mexico-$448k (-77.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Slovakia's main exporting competitors in Forging Machines were:
China $1.99B
Italy $1.4B
Germany $1.17B
In 2023, Slovakia'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+ $4.05M
TOP IMPORT POTENTIALAustria+ $2.87M

Forging Machines’s highest export potential is United States. With an export gap of $4.05M.   Forging Machines’s highest import potential is Austria with an import gap of $2.87M.

See methodology.

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