2022
Exports
$320MWorld Rnk 10 / 165
Flag Rnk 121 / 1211
2022
PRODUCT COMPLEXITY IN Forging Machines
1.5Rnk 53 / 1025
2022
Imports
$87.3MWorld Rnk 27 / 211
Flag Rnk 395 / 1213
2022
ECONOMIC COMPLEXITY of Switzerland
1.97Rnk 2 / 133

About

Exports In 2022, Switzerland exported $320M in Forging Machines, making it the 10th largest exporter of Forging Machines in the world. At the same year, Forging Machines was the 121st most exported product in Switzerland. The main destination of Forging Machines exports from Switzerland are: Germany ($85.8M), China ($63.3M), United States ($46.5M), Italy ($23.2M), and Austria ($12.2M).

The fastest growing export markets for Forging Machines of Switzerland between 2021 and 2022 were Germany ($11.7M), United States ($9.87M), and Vietnam ($5.93M).

Imports In 2022, Switzerland imported $87.3M in Forging Machines, becoming the 27th largest importer of Forging Machines in the world. At the same year, Forging Machines was the 395th most imported product in Switzerland. Switzerland imports Forging Machines primarily from: Germany ($32.4M), Italy ($30.7M), Austria ($4.85M), France ($4.16M), and China ($3.95M).

The fastest growing import markets in Forging Machines for Switzerland between 2021 and 2022 were Italy ($3.41M), France ($1.35M), and United States ($1.09M).

Latest Trends

Oct 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)$320M
IMPORTS (2022)$87.3M
NET TRADE (2022)$233M

In 2022, Switzerland exported $320M in Forging Machines. The main destinations of Switzerland exports on Forging Machines were Germany ($85.8M), China ($63.3M), United States ($46.5M), Italy ($23.2M), and Austria ($12.2M).

In 2022, Switzerland imported $87.3M in Forging Machines, mainly from Germany ($32.4M), Italy ($30.7M), Austria ($4.85M), France ($4.16M), and China ($3.95M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Forging Machines EXPORT MARKETS FOR Switzerland WERE (2021 - 2022):
Germany$11.7M (15.8%)
United States$9.87M (26.9%)
Vietnam$5.93M (868%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Forging Machines BY Switzerland WERE (2021 - 2022):
Bosnia and Herzegovina-$9.3M (-97.8%)
France-$7.86M (-66.6%)
Russia-$6.39M (-96.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Switzerland's main exporting competitors in Forging Machines were:
China $1.72B
Italy $1.2B
Germany $1.02B
In 2022, Switzerland'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+ $7.89M
TOP IMPORT POTENTIALGermany+ $7.17M

Forging Machines’s highest export potential is Italy. With an export gap of $7.89M.   Forging Machines’s highest import potential is Germany with an import gap of $7.17M.

See methodology.

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