2022
Exports
$32.1MWorld Rnk 27 / 165
Flag Rnk 514 / 1211
2022
PRODUCT COMPLEXITY IN Forging Machines
1.5Rnk 53 / 1025
2022
Imports
$225MWorld Rnk 12 / 211
Flag Rnk 220 / 1210
2022
ECONOMIC COMPLEXITY of Thailand
0.96Rnk 29 / 133

About

Exports In 2022, Thailand exported $32.1M in Forging Machines, making it the 27th largest exporter of Forging Machines in the world. At the same year, Forging Machines was the 514th most exported product in Thailand. The main destination of Forging Machines exports from Thailand are: China ($5.58M), India ($3.61M), Japan ($3.32M), United States ($2.23M), and Bolivia ($2.05M).

The fastest growing export markets for Forging Machines of Thailand between 2021 and 2022 were Bolivia ($2.05M), India ($1.89M), and China ($1.68M).

Imports In 2022, Thailand imported $225M in Forging Machines, becoming the 12th largest importer of Forging Machines in the world. At the same year, Forging Machines was the 220th most imported product in Thailand. Thailand imports Forging Machines primarily from: China ($59.1M), Japan ($49.2M), Chinese Taipei ($22M), South Korea ($21.2M), and United States ($15.7M).

The fastest growing import markets in Forging Machines for Thailand between 2021 and 2022 were Japan ($13.5M), United States ($13.1M), and Brazil ($10M).

COMPANIES In 2023, leading companies such as Goplus (16) and Samsung (14) were at the forefront of shipping Forging Machines from Thailand to the United States.

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)$32.1M
IMPORTS (2022)$225M
NET TRADE (2022)-$193M

In 2022, Thailand exported $32.1M in Forging Machines. The main destinations of Thailand exports on Forging Machines were China ($5.58M), India ($3.61M), Japan ($3.32M), United States ($2.23M), and Bolivia ($2.05M).

In 2022, Thailand imported $225M in Forging Machines, mainly from China ($59.1M), Japan ($49.2M), Chinese Taipei ($22M), South Korea ($21.2M), and United States ($15.7M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Forging Machines EXPORT MARKETS FOR Thailand WERE (2021 - 2022):
Bolivia$2.05M (1%)
India$1.89M (109%)
China$1.68M (43.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Forging Machines BY Thailand WERE (2021 - 2022):
Japan-$1.4M (-29.6%)
Mexico-$1.33M (-69.7%)
Pakistan-$1.09M (-98.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Thailand's main exporting competitors in Forging Machines were:
China $1.72B
Italy $1.2B
Germany $1.02B
In 2022, Thailand'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 POTENTIALChina+ $3.63M
TOP IMPORT POTENTIALChina+ $7.78M

Forging Machines’s highest export potential is China. With an export gap of $3.63M.   Forging Machines’s highest import potential is China with an import gap of $7.78M.

See methodology.

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