2023
Exports
$2.68MWorld Rnk 54 / 167
Flag Rnk 479 / 1198
2023
PRODUCT COMPLEXITY IN Forging Machines
1.5Rnk 45 / 1025
2023
Imports
$11.1MWorld Rnk 70 / 214
Flag Rnk 333 / 1207

About

Exports In 2023, Estonia exported $2.68M in Forging Machines, making it the 54th largest exporter of Forging Machines in the world. At the same year, Forging Machines was the 479th most exported product in Estonia. The main destination of Forging Machines exports from Estonia are: Latvia ($884k), Malaysia ($414k), Sweden ($315k), Lithuania ($242k), and Kyrgyzstan ($196k).

The fastest growing export markets for Forging Machines of Estonia between 2022 and 2023 were Malaysia ($414k), Sweden ($267k), and Kyrgyzstan ($196k).

Imports In 2023, Estonia imported $11.1M in Forging Machines, becoming the 70th largest importer of Forging Machines in the world. At the same year, Forging Machines was the 333rd most imported product in Estonia. Estonia imports Forging Machines primarily from: Italy ($3.19M), Finland ($1.29M), France ($1.02M), Germany ($819k), and Turkey ($678k).

The fastest growing import markets in Forging Machines for Estonia between 2022 and 2023 were Italy ($1.95M), France ($604k), and Belgium ($351k).

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)$2.68M
IMPORTS (2023)$11.1M
NET TRADE (2023)-$8.44M

In 2023, Estonia exported $2.68M in Forging Machines. The main destinations of Estonia exports on Forging Machines were Latvia ($884k), Malaysia ($414k), Sweden ($315k), Lithuania ($242k), and Kyrgyzstan ($196k).

In 2023, Estonia imported $11.1M in Forging Machines, mainly from Italy ($3.19M), Finland ($1.29M), France ($1.02M), Germany ($819k), and Turkey ($678k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Forging Machines EXPORT MARKETS FOR Estonia WERE (2022 - 2023):
Malaysia$414k (1%)
Sweden$267k (563%)
Kyrgyzstan$196k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Forging Machines BY Estonia WERE (2022 - 2023):
Egypt-$1.94M (-100%)
Russia-$485k (-100%)
Finland-$139k (-82.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Forging Machines by Exporters

Potential Exports

Potential Exports

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N/A
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Forging Machines’s highest export potential is N/A. With an export gap of N/A.   Forging Machines’s highest import potential is N/A with an import gap of N/A.

See methodology.

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