Overview: This page contains the latest trade data of Forging Machines. In 2019, Forging Machines were the world's 314th most traded product, with a total trade of $10.2B. Between 2018 and 2019 the exports of Forging Machines decreased by -4.18%, from $10.7B to $10.2B. Trade in Forging Machines represent 0.057% of total world trade.
Exports: In 2019 the top exporters of Forging Machines were Germany ($1.5B), Italy ($1.32B), China ($1.23B), Japan ($1.09B), and South Korea ($604M).
Imports: In 2019 the top importers of Forging Machines were United States ($1.26B), China ($1.2B), Germany ($598M), Mexico ($561M), and India ($490M).
Tariffs: In 2018 the average tariff for Forging Machines was 4.8%, making it the 854th 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 25th 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.