2022
Exports
$1.02kWorld Rnk 151 / 165
Flag Rnk 773 / 935
2022
PRODUCT COMPLEXITY IN Forging Machines
1.5Rnk 53 / 1025
2022
Imports
$2.01MWorld Rnk 117 / 211
Flag Rnk 422 / 1186

About

Exports In 2022, Iceland exported $1.02k in Forging Machines, making it the 151st largest exporter of Forging Machines in the world. At the same year, Forging Machines was the 773rd most exported product in Iceland. The main destination of Forging Machines exports from Iceland are: Norway ($852) and Denmark ($163).

The fastest growing export markets for Forging Machines of Iceland between 2021 and 2022 were Norway ($852).

Imports In 2022, Iceland imported $2.01M in Forging Machines, becoming the 117th largest importer of Forging Machines in the world. At the same year, Forging Machines was the 422nd most imported product in Iceland. Iceland imports Forging Machines primarily from: Denmark ($320k), Italy ($282k), Sweden ($274k), Germany ($242k), and Turkey ($219k).

The fastest growing import markets in Forging Machines for Iceland between 2021 and 2022 were Slovakia ($169k), Spain ($80.6k), and Australia ($40.2k).

Latest Trends

Sep 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)$1.02k
IMPORTS (2022)$2.01M
NET TRADE (2022)-$2.01M

In 2022, Iceland exported $1.02k in Forging Machines. The main destinations of Iceland exports on Forging Machines were Norway ($852) and Denmark ($163).

In 2022, Iceland imported $2.01M in Forging Machines, mainly from Denmark ($320k), Italy ($282k), Sweden ($274k), Germany ($242k), and Turkey ($219k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Forging Machines EXPORT MARKETS FOR Iceland WERE (2021 - 2022):Norway$852 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Forging Machines BY Iceland WERE (2021 - 2022):
Sweden-$41.6k (-100%)
Denmark-$7.48k (-97.9%)
Germany-$383 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Iceland's main exporting competitors in Forging Machines were:
China $1.72B
Italy $1.2B
Germany $1.02B
In 2022, Iceland'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
N/AN/A
N/AN/A

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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