2022
Exports
$741kWorld Rnk 71 / 165
Flag Rnk 388 / 996
2022
PRODUCT COMPLEXITY IN Forging Machines
1.5Rnk 53 / 1025
2022
Imports
$4.62MWorld Rnk 90 / 211
Flag Rnk 391 / 1121
2022
ECONOMIC COMPLEXITY of Belarus
0.82Rnk 32 / 133

About

Exports In 2022, Belarus exported $741k in Forging Machines, making it the 71st largest exporter of Forging Machines in the world. At the same year, Forging Machines was the 388th most exported product in Belarus. The main destination of Forging Machines exports from Belarus are: Kazakhstan ($299k), Estonia ($127k), Georgia ($117k), Italy ($79k), and Lithuania ($65.1k).

The fastest growing export markets for Forging Machines of Belarus between 2021 and 2022 were Georgia ($84.5k), Germany ($21.8k), and Turkey ($13.9k).

Imports In 2022, Belarus imported $4.62M in Forging Machines, becoming the 90th largest importer of Forging Machines in the world. At the same year, Forging Machines was the 391st most imported product in Belarus. Belarus imports Forging Machines primarily from: Turkey ($1.89M), China ($1.61M), Italy ($750k), Germany ($216k), and Lithuania ($79.2k).

The fastest growing import markets in Forging Machines for Belarus between 2021 and 2022 were China ($159k), Turkey ($83.9k), and Israel ($5.68k).

Latest Trends

Aug 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)$741k
IMPORTS (2022)$4.62M
NET TRADE (2022)-$3.88M

In 2022, Belarus exported $741k in Forging Machines. The main destinations of Belarus exports on Forging Machines were Kazakhstan ($299k), Estonia ($127k), Georgia ($117k), Italy ($79k), and Lithuania ($65.1k).

In 2022, Belarus imported $4.62M in Forging Machines, mainly from Turkey ($1.89M), China ($1.61M), Italy ($750k), Germany ($216k), and Lithuania ($79.2k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Forging Machines EXPORT MARKETS FOR Belarus WERE (2021 - 2022):
Georgia$84.5k (259%)
Germany$21.8k (3.56k%)
Turkey$13.9k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Forging Machines BY Belarus WERE (2021 - 2022):
Russia-$6.07M (-100%)
Lithuania-$400k (-86%)
Latvia-$367k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Belarus's main exporting competitors in Forging Machines were:
China $1.72B
Italy $1.2B
Germany $1.02B
In 2022, Belarus'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 POTENTIALItaly+ $73.5k
TOP IMPORT POTENTIALChina+ $742k

Forging Machines’s highest export potential is Italy. With an export gap of $73.5k.   Forging Machines’s highest import potential is China with an import gap of $742k.

See methodology.

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