2023
Exports
$1.02MWorld Rnk 66 / 167
Flag Rnk 317 / 940
2023
PRODUCT COMPLEXITY IN Forging Machines
1.5Rnk 45 / 1025
2023
Imports
$14.1MWorld Rnk 67 / 214
Flag Rnk 211 / 1112
2023
ECONOMIC COMPLEXITY of Belarus
0.81Rnk 33 / 132

About

Exports In 2023, Belarus exported $1.02M in Forging Machines, making it the 66th largest exporter of Forging Machines in the world. At the same year, Forging Machines was the 317th most exported product in Belarus. The main destination of Forging Machines exports from Belarus are: Kazakhstan ($923k), Lithuania ($43.9k), Hungary ($33.2k), Uzbekistan ($7.94k), and Italy ($7.65k).

The fastest growing export markets for Forging Machines of Belarus between 2022 and 2023 were Kazakhstan ($623k), Hungary ($26.9k), and Uzbekistan ($4.8k).

Imports In 2023, Belarus imported $14.1M in Forging Machines, becoming the 67th largest importer of Forging Machines in the world. At the same year, Forging Machines was the 211th most imported product in Belarus. Belarus imports Forging Machines primarily from: China ($7.74M), Turkey ($3.1M), Italy ($1.52M), Chinese Taipei ($913k), and Austria ($366k).

The fastest growing import markets in Forging Machines for Belarus between 2022 and 2023 were China ($6.13M), Turkey ($1.21M), and Chinese Taipei ($913k).

Latest Trends

Jan 2025

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 (2023)$1.02M
IMPORTS (2023)$14.1M
NET TRADE (2023)-$13.1M

In 2023, Belarus exported $1.02M in Forging Machines. The main destinations of Belarus exports on Forging Machines were Kazakhstan ($923k), Lithuania ($43.9k), Hungary ($33.2k), Uzbekistan ($7.94k), and Italy ($7.65k).

In 2023, Belarus imported $14.1M in Forging Machines, mainly from China ($7.74M), Turkey ($3.1M), Italy ($1.52M), Chinese Taipei ($913k), and Austria ($366k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Forging Machines EXPORT MARKETS FOR Belarus WERE (2022 - 2023):
Kazakhstan$623k (208%)
Hungary$26.9k (427%)
Uzbekistan$4.8k (153%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Forging Machines BY Belarus WERE (2022 - 2023):
Estonia-$127k (-100%)
Georgia-$117k (-100%)
Italy-$71.3k (-90.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Belarus's main exporting competitors in Forging Machines were:
China $1.99B
Italy $1.4B
Germany $1.17B
In 2023, 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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