2023
Exports
$568MWorld Rnk 7 / 167
Flag Rnk 115 / 1215
2023
PRODUCT COMPLEXITY IN Forging Machines
1.5Rnk 45 / 1025
2023
Imports
$333MWorld Rnk 7 / 214
Flag Rnk 188 / 1207
2023
ECONOMIC COMPLEXITY of Turkey
0.62Rnk 41 / 132

About

Exports In 2023, Turkey exported $568M in Forging Machines, making it the 7th largest exporter of Forging Machines in the world. At the same year, Forging Machines was the 115th most exported product in Turkey. The main destination of Forging Machines exports from Turkey are: Russia ($93.8M), United States ($69.1M), Italy ($29.5M), Germany ($26.7M), and Iraq ($25M).

The fastest growing export markets for Forging Machines of Turkey between 2022 and 2023 were Russia ($39.5M), United States ($27.7M), and Saudi Arabia ($11.8M).

Imports In 2023, Turkey imported $333M in Forging Machines, becoming the 7th largest importer of Forging Machines in the world. At the same year, Forging Machines was the 188th most imported product in Turkey. Turkey imports Forging Machines primarily from: China ($102M), Italy ($77.7M), Germany ($42.8M), Chinese Taipei ($16.5M), and South Korea ($12.8M).

The fastest growing import markets in Forging Machines for Turkey between 2022 and 2023 were China ($27.7M), Italy ($12.4M), and Switzerland ($9.61M).

Latest Trends

Jan 2025

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)$568M
IMPORTS (2023)$333M
NET TRADE (2023)$235M

In 2023, Turkey exported $568M in Forging Machines. The main destinations of Turkey exports on Forging Machines were Russia ($93.8M), United States ($69.1M), Italy ($29.5M), Germany ($26.7M), and Iraq ($25M).

In 2023, Turkey imported $333M in Forging Machines, mainly from China ($102M), Italy ($77.7M), Germany ($42.8M), Chinese Taipei ($16.5M), and South Korea ($12.8M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Forging Machines EXPORT MARKETS FOR Turkey WERE (2022 - 2023):
Russia$39.5M (72.8%)
United States$27.7M (67.1%)
Saudi Arabia$11.8M (135%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Forging Machines BY Turkey WERE (2022 - 2023):
Bangladesh-$8.97M (-98.3%)
Canada-$6.14M (-29.6%)
Hungary-$6.01M (-46.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Turkey's main exporting competitors in Forging Machines were:
China $1.99B
Italy $1.4B
Germany $1.17B
In 2023, Turkey'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+ $15.9M
TOP IMPORT POTENTIALChina+ $10.7M

Forging Machines’s highest export potential is United States. With an export gap of $15.9M.   Forging Machines’s highest import potential is China with an import gap of $10.7M.

See methodology.

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