2022
Exports
$591kWorld Rnk 74 / 165
Flag Rnk 320 / 931
2022
PRODUCT COMPLEXITY IN Forging Machines
1.5Rnk 53 / 1025
2022
Imports
$40.7MWorld Rnk 43 / 211
Flag Rnk 258 / 1173
2022
ECONOMIC COMPLEXITY of Bangladesh
-0.82Rnk 101 / 133

About

Exports In 2022, Bangladesh exported $591k in Forging Machines, making it the 74th largest exporter of Forging Machines in the world. At the same year, Forging Machines was the 320th most exported product in Bangladesh. The main destination of Forging Machines exports from Bangladesh are: Malaysia ($484k), Singapore ($79k), and India ($27.7k).

The fastest growing export markets for Forging Machines of Bangladesh between 2021 and 2022 were Malaysia ($432k), Singapore ($79k), and India ($27.7k).

Imports In 2022, Bangladesh imported $40.7M in Forging Machines, becoming the 43rd largest importer of Forging Machines in the world. At the same year, Forging Machines was the 258th most imported product in Bangladesh. Bangladesh imports Forging Machines primarily from: China ($18.4M), Turkey ($9.12M), Germany ($4.09M), India ($3.05M), and Chinese Taipei ($2.75M).

The fastest growing import markets in Forging Machines for Bangladesh between 2021 and 2022 were Turkey ($7.67M), Germany ($4.07M), and Chinese Taipei ($1.88M).

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)$591k
IMPORTS (2022)$40.7M
NET TRADE (2022)-$40.1M

In 2022, Bangladesh exported $591k in Forging Machines. The main destinations of Bangladesh exports on Forging Machines were Malaysia ($484k), Singapore ($79k), and India ($27.7k).

In 2022, Bangladesh imported $40.7M in Forging Machines, mainly from China ($18.4M), Turkey ($9.12M), Germany ($4.09M), India ($3.05M), and Chinese Taipei ($2.75M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Forging Machines EXPORT MARKETS FOR Bangladesh WERE (2021 - 2022):
Malaysia$432k (833%)
Singapore$79k (1%)
India$27.7k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Forging Machines BY Bangladesh WERE (2021 - 2022):Sri Lanka-$17k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Bangladesh's main exporting competitors in Forging Machines were:
China $1.72B
Italy $1.2B
Germany $1.02B
In 2022, Bangladesh'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+ $114k
TOP IMPORT POTENTIALChina+ $4.81M

Forging Machines’s highest export potential is India. With an export gap of $114k.   Forging Machines’s highest import potential is China with an import gap of $4.81M.

See methodology.

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