2022
Exports
$60.9kWorld Rnk 108 / 165
Flag Rnk 409 / 790
2022
PRODUCT COMPLEXITY IN Forging Machines
1.5Rnk 53 / 1025
2022
Imports
$26.1MWorld Rnk 55 / 211
Flag Rnk 107 / 1129
2022
ECONOMIC COMPLEXITY of Paraguay
-0.34Rnk 81 / 133

About

Exports In 2022, Paraguay exported $60.9k in Forging Machines, making it the 108th largest exporter of Forging Machines in the world. At the same year, Forging Machines was the 409th most exported product in Paraguay. The main destination of Forging Machines exports from Paraguay are: Uruguay ($55.9k) and Bolivia ($4.99k).

The fastest growing export markets for Forging Machines of Paraguay between 2021 and 2022 were Uruguay ($55.9k) and Bolivia ($4.99k).

Imports In 2022, Paraguay imported $26.1M in Forging Machines, becoming the 55th largest importer of Forging Machines in the world. At the same year, Forging Machines was the 107th most imported product in Paraguay. Paraguay imports Forging Machines primarily from: United States ($16.9M), Brazil ($3.96M), Italy ($2.15M), South Korea ($955k), and China ($904k).

The fastest growing import markets in Forging Machines for Paraguay between 2021 and 2022 were United States ($11.3M), Italy ($1.9M), and South Korea ($955k).

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 (2022)$60.9k
IMPORTS (2022)$26.1M
NET TRADE (2022)-$26.1M

In 2022, Paraguay exported $60.9k in Forging Machines. The main destinations of Paraguay exports on Forging Machines were Uruguay ($55.9k) and Bolivia ($4.99k).

In 2022, Paraguay imported $26.1M in Forging Machines, mainly from United States ($16.9M), Brazil ($3.96M), Italy ($2.15M), South Korea ($955k), and China ($904k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Forging Machines EXPORT MARKETS FOR Paraguay WERE (2021 - 2022):
Uruguay$55.9k (1%)
Bolivia$4.99k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Forging Machines BY Paraguay WERE (2021 - 2022):
Brazil-$94.2k (-100%)
Netherlands-$18.3k (-100%)
United States-$8.62k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Paraguay's main exporting competitors in Forging Machines were:
China $1.72B
Italy $1.2B
Germany $1.02B
In 2022, Paraguay'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 POTENTIALBolivia+ $3.94k
TOP IMPORT POTENTIALChina+ $888k

Forging Machines’s highest export potential is Bolivia. With an export gap of $3.94k.   Forging Machines’s highest import potential is China with an import gap of $888k.

See methodology.

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