2021
Exports
$3.62kWorld Rnk 0 / 0
Flag Rnk 0 / 0
falsefalseN/A
2022
PRODUCT COMPLEXITY IN Forging Machines
1.5Rnk 53 / 1025
2021
Imports
$21.9MWorld Rnk 59 / 211
Flag Rnk 310 / 1145
2022
ECONOMIC COMPLEXITY of Iraq
-0.84Rnk 103 / 133

About

Imports In 2022, Iraq imported $21.9M in Forging Machines, becoming the 59th largest importer of Forging Machines in the world. At the same year, Forging Machines was the 310th most imported product in Iraq. Iraq imports Forging Machines primarily from: Turkey ($14M), China ($4.08M), Italy ($1.51M), Brazil ($1.27M), and United Arab Emirates ($316k).

The fastest growing import markets in Forging Machines for Iraq between 2021 and 2022 were Turkey ($7.72M), China ($1.38M), and Brazil ($1.27M).

Latest Trends

Jul 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 (2021)$3.62k
IMPORTS (2022)$21.9M
NET TRADE (2022)-$21.9M

In 2022, Iraq imported $21.9M in Forging Machines, mainly from Turkey ($14M), China ($4.08M), Italy ($1.51M), Brazil ($1.27M), and United Arab Emirates ($316k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Forging Machines BY Iraq WERE (N/A - 2021):
United Arab Emirates-$2.57k (-100%)
Turkey-$1.05k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Iraq's main exporting competitors in Forging Machines were:
China $1.72B
Italy $1.2B
Germany $1.02B
In 2022, Iraq'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 POTENTIALUnited States+ $523
TOP IMPORT POTENTIALChina+ $2.19M

Forging Machines’s highest export potential is United States. With an export gap of $523.   Forging Machines’s highest import potential is China with an import gap of $2.19M.

See methodology.

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