2022
Exports
$13.8MWorld Rnk 35 / 165
Flag Rnk 613 / 1208
2022
PRODUCT COMPLEXITY IN Forging Machines
1.5Rnk 53 / 1025
2022
Imports
$57.5MWorld Rnk 34 / 211
Flag Rnk 437 / 1213
2022
ECONOMIC COMPLEXITY of United Arab Emirates
0.24Rnk 53 / 133

About

Exports In 2022, United Arab Emirates exported $13.8M in Forging Machines, making it the 35th largest exporter of Forging Machines in the world. At the same year, Forging Machines was the 613th most exported product in United Arab Emirates. The main destination of Forging Machines exports from United Arab Emirates are: Azerbaijan ($3.15M), Oman ($1.46M), Saudi Arabia ($1.24M), Burundi ($878k), and Germany ($809k).

The fastest growing export markets for Forging Machines of United Arab Emirates between 2021 and 2022 were Azerbaijan ($3.11M), Saudi Arabia ($501k), and Oman ($483k).

Imports In 2022, United Arab Emirates imported $57.5M in Forging Machines, becoming the 34th largest importer of Forging Machines in the world. At the same year, Forging Machines was the 437th most imported product in United Arab Emirates. United Arab Emirates imports Forging Machines primarily from: China ($17.9M), Italy ($13.7M), South Korea ($7.09M), India ($2.99M), and Turkey ($2.43M).

The fastest growing import markets in Forging Machines for United Arab Emirates between 2021 and 2022 were Italy ($8.7M), Switzerland ($1.38M), and South Korea ($1.14M).

Latest Trends

Jul 2024

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 (2022)$13.8M
IMPORTS (2022)$57.5M
NET TRADE (2022)-$43.6M

In 2022, United Arab Emirates exported $13.8M in Forging Machines. The main destinations of United Arab Emirates exports on Forging Machines were Azerbaijan ($3.15M), Oman ($1.46M), Saudi Arabia ($1.24M), Burundi ($878k), and Germany ($809k).

In 2022, United Arab Emirates imported $57.5M in Forging Machines, mainly from China ($17.9M), Italy ($13.7M), South Korea ($7.09M), India ($2.99M), and Turkey ($2.43M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Forging Machines EXPORT MARKETS FOR United Arab Emirates WERE (2021 - 2022):
Azerbaijan$3.11M (8.64k%)
Saudi Arabia$501k (68%)
Oman$483k (49.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Forging Machines BY United Arab Emirates WERE (2021 - 2022):
Iran-$2.14M (-98.1%)
Germany-$582k (-41.9%)
Australia-$253k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, United Arab Emirates's main exporting competitors in Forging Machines were:
China $1.72B
Italy $1.2B
Germany $1.02B
In 2022, United Arab Emirates'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 POTENTIALIndia+ $654k
TOP IMPORT POTENTIALChina+ $2.33M

Forging Machines’s highest export potential is India. With an export gap of $654k.   Forging Machines’s highest import potential is China with an import gap of $2.33M.

See methodology.

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