2022
Exports
$12.3MWorld Rnk 38 / 165
Flag Rnk 377 / 1211
2022
PRODUCT COMPLEXITY IN Forging Machines
1.5Rnk 53 / 1025
2022
Imports
$33.8MWorld Rnk 48 / 211
Flag Rnk 273 / 1209
2022
ECONOMIC COMPLEXITY of Bulgaria
0.68Rnk 38 / 133

About

Exports In 2022, Bulgaria exported $12.3M in Forging Machines, making it the 38th largest exporter of Forging Machines in the world. At the same year, Forging Machines was the 377th most exported product in Bulgaria. The main destination of Forging Machines exports from Bulgaria are: Germany ($5.28M), Romania ($1.36M), Czechia ($1.33M), Turkey ($717k), and Russia ($642k).

The fastest growing export markets for Forging Machines of Bulgaria between 2021 and 2022 were Czechia ($1.25M), Germany ($942k), and Guinea ($316k).

Imports In 2022, Bulgaria imported $33.8M in Forging Machines, becoming the 48th largest importer of Forging Machines in the world. At the same year, Forging Machines was the 273rd most imported product in Bulgaria. Bulgaria imports Forging Machines primarily from: Germany ($8.29M), Turkey ($5.92M), Italy ($5.16M), China ($3.34M), and France ($1.67M).

The fastest growing import markets in Forging Machines for Bulgaria between 2021 and 2022 were Germany ($3.08M), France ($1.54M), and Hungary ($1.49M).

Latest Trends

Nov 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)$12.3M
IMPORTS (2022)$33.8M
NET TRADE (2022)-$21.5M

In 2022, Bulgaria exported $12.3M in Forging Machines. The main destinations of Bulgaria exports on Forging Machines were Germany ($5.28M), Romania ($1.36M), Czechia ($1.33M), Turkey ($717k), and Russia ($642k).

In 2022, Bulgaria imported $33.8M in Forging Machines, mainly from Germany ($8.29M), Turkey ($5.92M), Italy ($5.16M), China ($3.34M), and France ($1.67M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Forging Machines EXPORT MARKETS FOR Bulgaria WERE (2021 - 2022):
Czechia$1.25M (1.56k%)
Germany$942k (21.7%)
Guinea$316k (833%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Forging Machines BY Bulgaria WERE (2021 - 2022):
Netherlands-$1.3M (-98.4%)
Russia-$1.17M (-64.6%)
Italy-$1.1M (-70%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Bulgaria's main exporting competitors in Forging Machines were:
China $1.72B
Italy $1.2B
Germany $1.02B
In 2022, Bulgaria'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 POTENTIALTurkey+ $860k
TOP IMPORT POTENTIALChina+ $1.93M

Forging Machines’s highest export potential is Turkey. With an export gap of $860k.   Forging Machines’s highest import potential is China with an import gap of $1.93M.

See methodology.

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