Overview: This page contains the latest trade data of Forging Machines. 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 Machineswere 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.
Between 2017 and 2018, the fastest growing importers of Forging Machines were Germany ($169M), United States ($149M), India ($112M), Poland ($102M), and Italy ($87.3M).
This chart shows the evolution of the market concentration of exports of Forging Machines.
In 2018, market concentration measured using Shannon Entropy, was 4.28. This means that most of the exports of Forging Machines are explained by 19 countries.
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 2018.
In 2018, the countries that had a largest trade value in exports than in imports of Forging Machines were Italy ($1.16B), Japan ($955M), Germany ($875M), Chinese Taipei ($382M), and South Korea ($305M).
In 2018, the countries that had a largest trade value in imports than in exports of Forging Machines were United States ($629M), Mexico ($563M), India ($465M), Poland ($271M), and Vietnam ($253M).
In 2018, the average tariff for importing Forging Machines was 4.8%. The countries with the highest tariffs for importing Forging Machines were Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Romania (15.3%), and Cambodia (15%).
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.