2022
Exports
$1.02BWorld Rnk 3 / 165
Flag Rnk 278 / 1216
2022
PRODUCT COMPLEXITY IN Forging Machines
1.5Rnk 53 / 1025
2022
Imports
$478MWorld Rnk 4 / 211
Flag Rnk 438 / 1215
2022
ECONOMIC COMPLEXITY of Germany
1.78Rnk 5 / 133

About

Exports In 2022, Germany exported $1.02B in Forging Machines, making it the 3rd largest exporter of Forging Machines in the world. At the same year, Forging Machines was the 278th most exported product in Germany. The main destination of Forging Machines exports from Germany are: China ($153M), United States ($141M), Italy ($62M), Poland ($58.2M), and France ($38.4M).

The fastest growing export markets for Forging Machines of Germany between 2021 and 2022 were Italy ($13.9M), Greece ($11.8M), and Brazil ($9.44M).

Imports In 2022, Germany imported $478M in Forging Machines, becoming the 4th largest importer of Forging Machines in the world. At the same year, Forging Machines was the 438th most imported product in Germany. Germany imports Forging Machines primarily from: Italy ($98.7M), Switzerland ($85.8M), Austria ($63.5M), China ($35.8M), and Turkey ($25.1M).

The fastest growing import markets in Forging Machines for Germany between 2021 and 2022 were Austria ($13.3M), Switzerland ($11.7M), and United Kingdom ($6.26M).

COMPANIES In 2023, leading companies such as TE Connectivity (3), BSH Home Appliances (2), and NOURYON FUNCTIONAL CHEMICALS LLC (1) were at the forefront of shipping Forging Machines from Germany to the United States.

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)$1.02B
IMPORTS (2022)$478M
NET TRADE (2022)$546M

In 2022, Germany exported $1.02B in Forging Machines. The main destinations of Germany exports on Forging Machines were China ($153M), United States ($141M), Italy ($62M), Poland ($58.2M), and France ($38.4M).

In 2022, Germany imported $478M in Forging Machines, mainly from Italy ($98.7M), Switzerland ($85.8M), Austria ($63.5M), China ($35.8M), and Turkey ($25.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Forging Machines EXPORT MARKETS FOR Germany WERE (2021 - 2022):
Italy$13.9M (28.9%)
Greece$11.8M (218%)
Brazil$9.44M (114%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Forging Machines BY Germany WERE (2021 - 2022):
China-$97.7M (-39%)
Czechia-$82.7M (-75.2%)
Russia-$29.1M (-75.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Germany's main exporting competitors in Forging Machines were:
China $1.72B
Italy $1.2B
In 2022, Germany'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 POTENTIALFrance+ $20.3M
TOP IMPORT POTENTIALChina+ $17.3M

Forging Machines’s highest export potential is France. With an export gap of $20.3M.   Forging Machines’s highest import potential is China with an import gap of $17.3M.

See methodology.

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