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2022
Exports $481MWorld Rnk 7 / 165
Flag Rnk 135 / 1213
2022
Destination $19.2M Russia
2021 - 2022
FASTEST GROWING MARKET $19.2MUnited States
2022
PRODUCT COMPLEXITY IN Forging Machines1.5Rnk 53 / 1025
2022
Imports $286MWorld Rnk 8 / 211
Flag Rnk 197 / 1211
2022
Origin $33.5M China
2021 - 2022
FASTEST GROWING ORIGIN $33.5MChina
2022
ECONOMIC COMPLEXITY of Turkey0.6Rnk 41 / 133

About

Exports In 2022, Turkey exported $481M in Forging Machines, making it the 7th largest exporter of Forging Machines in the world. At the same year, Forging Machines was the 135th most exported product in Turkey. The main destination of Forging Machines exports from Turkey are: Russia ($54.3M), United States ($47.3M), Italy ($30.7M), Germany ($25.1M), and Poland ($20.3M).

The fastest growing export markets for Forging Machines of Turkey between 2021 and 2022 were United States ($19.2M), Russia ($17.4M), and Iraq ($7.72M).

Imports In 2022, Turkey imported $286M in Forging Machines, becoming the 8th largest importer of Forging Machines in the world. At the same year, Forging Machines was the 197th most imported product in Turkey. Turkey imports Forging Machines primarily from: China ($68.6M), South Korea ($44.9M), Italy ($43.9M), Germany ($28M), and Spain ($23.5M).

The fastest growing import markets in Forging Machines for Turkey between 2021 and 2022 were China ($33.5M), South Korea ($25.3M), and Chinese Taipei ($9.32M).

Latest Trends

Oct 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)$481M
IMPORTS (2022)$286M
NET TRADE (2022)$195M

In 2022, Turkey exported $481M in Forging Machines. The main destinations of Turkey exports on Forging Machines were Russia ($54.3M), United States ($47.3M), Italy ($30.7M), Germany ($25.1M), and Poland ($20.3M).

In 2022, Turkey imported $286M in Forging Machines, mainly from China ($68.6M), South Korea ($44.9M), Italy ($43.9M), Germany ($28M), and Spain ($23.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Forging Machines EXPORT MARKETS FOR Turkey WERE (2021 - 2022):
United States$19.2M (68.3%)
Russia$17.4M (47.3%)
Iraq$7.72M (123%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Forging Machines BY Turkey WERE (2021 - 2022):
Poland-$3.17M (-13.5%)
Uzbekistan-$3.08M (-37.1%)
Ukraine-$2.71M (-42.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Turkey's main exporting competitors in Forging Machines were:
China $1.72B
Italy $1.2B
Germany $1.02B
In 2022, Turkey's main importing competitors in Forging Machines were:
United States $1.33B
China $825M
Mexico $547M

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Trade Value of Forging Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $15.9M
TOP IMPORT POTENTIALChina+ $10.7M

Forging Machines’s highest export potential is United States. With an export gap of $15.9M.   Forging Machines’s highest import potential is China with an import gap of $10.7M.

See methodology.

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