2022
Exports
$51MWorld Rnk 25 / 165
Flag Rnk 228 / 1203
2022
PRODUCT COMPLEXITY IN Forging Machines
1.5Rnk 53 / 1025
2022
Imports
$64.1MWorld Rnk 33 / 211
Flag Rnk 271 / 1211
2022
ECONOMIC COMPLEXITY of Slovakia
1.32Rnk 15 / 133

About

Exports In 2022, Slovakia exported $51M in Forging Machines, making it the 25th largest exporter of Forging Machines in the world. At the same year, Forging Machines was the 228th most exported product in Slovakia. The main destination of Forging Machines exports from Slovakia are: Germany ($10M), Belgium ($8.07M), United States ($6.64M), France ($5.6M), and Czechia ($3.55M).

The fastest growing export markets for Forging Machines of Slovakia between 2021 and 2022 were United States ($2.49M), France ($2.36M), and Germany ($2.27M).

Imports In 2022, Slovakia imported $64.1M in Forging Machines, becoming the 33rd largest importer of Forging Machines in the world. At the same year, Forging Machines was the 271st most imported product in Slovakia. Slovakia imports Forging Machines primarily from: Italy ($13.2M), South Korea ($11.4M), Germany ($11.3M), Czechia ($5.9M), and Austria ($4.76M).

The fastest growing import markets in Forging Machines for Slovakia between 2021 and 2022 were South Korea ($4.41M), Belgium ($2.76M), and Germany ($2.47M).

COMPANIES In 2023, leading companies such as CNH Industrial (1) were at the forefront of shipping Forging Machines from Slovakia to the United States.

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)$51M
IMPORTS (2022)$64.1M
NET TRADE (2022)-$13.1M

In 2022, Slovakia exported $51M in Forging Machines. The main destinations of Slovakia exports on Forging Machines were Germany ($10M), Belgium ($8.07M), United States ($6.64M), France ($5.6M), and Czechia ($3.55M).

In 2022, Slovakia imported $64.1M in Forging Machines, mainly from Italy ($13.2M), South Korea ($11.4M), Germany ($11.3M), Czechia ($5.9M), and Austria ($4.76M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Forging Machines EXPORT MARKETS FOR Slovakia WERE (2021 - 2022):
United States$2.49M (60%)
France$2.36M (72.5%)
Germany$2.27M (29.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Forging Machines BY Slovakia WERE (2021 - 2022):
Czechia-$2.38M (-40.1%)
Australia-$1.08M (-86.1%)
China-$944k (-93.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Slovakia's main exporting competitors in Forging Machines were:
China $1.72B
Italy $1.2B
Germany $1.02B
In 2022, Slovakia'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+ $4.05M
TOP IMPORT POTENTIALAustria+ $2.87M

Forging Machines’s highest export potential is United States. With an export gap of $4.05M.   Forging Machines’s highest import potential is Austria with an import gap of $2.87M.

See methodology.

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