Overview: In 2018, Forging Machines were the world's 318th most traded product, with a total trade of $10.5B. Between 2017 and 2018 the exports of Forging Machines grew by 16.5%, from $9B to $10.5B. Trade in Forging Machines represent 0.057% of total world trade.
Exports: In 2018 the top exporters of Forging Machines were Germany ($1.53B), Italy ($1.44B), Japan ($1.13B), China ($1.1B), and United States ($645M).
Imports: In 2018 the top importers of Forging Machines were United States ($1.27B), China ($1.24B), Germany ($659M), Mexico ($601M), and India ($515M).
Tariffs: In 2018 the average tariff for Forging Machines was 4.8%, been the 854 lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Forging Machines are Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Romania (15.3%), and Cambodia (15%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).
Ranking: Forging Machines ranks 56th in the Product Complexity Index (PCI).