HS Icon Forging Machines

Machine-tools; (including presses) for working metal by forging, hammering or die-stamping, for bending, folding, straightening, flattening, shearing or punching metal

8462 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Forging Machines. In 2021, Forging Machines were the world's 363rd most traded product, with a total trade of $9.78B. Between 2020 and 2021 the exports of Forging Machines grew by 15.8%, from $8.45B to $9.78B. Trade in Forging Machines represent 0.047% of total world trade.

Forging Machines are a part of Machinery, mechanical appliances, & parts. They include Num controlled machine tools to bend, fold, etc, meta, Metal shaping presses, nes, Machine tools to forge, stamp, hammer or press metals, Machine tools to bend, fold, shear or press metal, ne, Hydraulic presses for working metal, Num controlled punch, notch, punch-shear machines, Shearing (except punch-shear) machine tools, nes, Punching, notching, punch-shear machine tools, nes, and Num controlled shearing (non-punching) machine tools.

Exports In 2021 the top exporters of Forging Machines  were China ($1.45B), Italy ($1.32B), Germany ($1.3B), Japan ($840M), and United States ($579M).

Imports In 2021 the top importers of Forging Machines were United States ($1.21B), China ($1.06B), Germany ($568M), Mexico ($459M), and India ($392M).

Tariffs In 2018 the average tariff for Forging Machines was 4.71%, making it the 879th lowest tariff using the HS4 product classification.

Ranking Forging Machines ranks 60th in the Product Complexity Index (PCI).

Description Machine tools are used to make other goods. They can be made from a variety of materials, including steel, aluminum, and other metals.

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The following visualization shows the latest trends on Forging Machines. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2021): China, $1.45B

Top Destination (2021): United States, $1.21B

Forging Machines are the world's 363rd most traded product.

In 2021, the top exporters of Forging Machines were China ($1.45B), Italy ($1.32B), Germany ($1.3B), Japan ($840M), and United States ($579M).

In 2021, the top importers of Forging Machines were United States ($1.21B), China ($1.06B), Germany ($568M), Mexico ($459M), and India ($392M).

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Market Dynamics

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Trade by country

Color

Top Origin Growth (2020 -  2021): China, $351M

Top Destination Growth (2020 -  2021): China, $207M

Between 2020 and 2021, the exports of Forging Machines grew the fastest in China ($351M), Germany ($172M), Italy ($163M), Turkey ($108M), and United States ($108M).

Between 2020 and 2021, the fastest growing importers of Forging Machines were China ($207M), Germany ($91M), India ($86.2M), Brazil ($68.9M), and Italy ($63.1M).

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Market Concentration

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Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Forging Machines.

In 2021, market concentration measured using Shannon Entropy, was 4.26. This means that most of the exports of Forging Machines are explained by 19 countries.

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TOP NET EXPORTER (2021): Italy, $1.1B

TOP NET IMPORTER (2021): United States, $632M

This map shows which countries export or import more of Forging Machines. Each country is colored based on the difference in exports and imports of Forging Machines during 2021.

In 2021, the countries that had a largest trade value in exports than in imports of Forging Machines were Italy ($1.1B), Germany ($736M), Japan ($708M), China ($382M), and South Korea ($306M).

In 2021, the countries that had a largest trade value in imports than in exports of Forging Machines were United States ($632M), Mexico ($434M), India ($350M), Russia ($269M), and Vietnam ($249M).

Disaggregation

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Value

In 2021, the world most traded Forging Machines, disaggragated by their HS6 level were Num controlled machine tools to bend,... ($2.3B), Machine tools to forge, stamp, hammer... ($1.77B), Metal shaping presses, nes ($1.38B), Hydraulic presses for working metal ($1.17B), and Machine tools to bend, fold, shear... ($1.13B)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Forging Machines.
It is possible to select the main countries that export or import Forging Machines in the world, or by continent, as well as select the measure of interest.

Product Complexity

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Diversification Frontier

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Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Country by Relatedness

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The following visualization shows the relatedness of Forging Machines to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.