2022
Exports
$396MWorld Rnk 9 / 165
Flag Rnk 137 / 1195
2022
PRODUCT COMPLEXITY IN Forging Machines
1.5Rnk 53 / 1025
2022
Imports
$151MWorld Rnk 18 / 211
Flag Rnk 274 / 1210
2022
ECONOMIC COMPLEXITY of Chinese Taipei
1.94Rnk 3 / 133

About

Exports In 2022, Chinese Taipei exported $396M in Forging Machines, making it the 9th largest exporter of Forging Machines in the world. At the same year, Forging Machines was the 137th most exported product in Chinese Taipei. The main destination of Forging Machines exports from Chinese Taipei are: China ($100M), United States ($56.3M), Vietnam ($28.8M), Turkey ($22.2M), and Thailand ($22M).

The fastest growing export markets for Forging Machines of Chinese Taipei between 2021 and 2022 were United States ($16M), Turkey ($9.32M), and Italy ($5.21M).

Imports In 2022, Chinese Taipei imported $151M in Forging Machines, becoming the 18th largest importer of Forging Machines in the world. At the same year, Forging Machines was the 274th most imported product in Chinese Taipei. Chinese Taipei imports Forging Machines primarily from: Japan ($43.5M), China ($32.8M), South Korea ($19.3M), Italy ($14.8M), and Germany ($9.31M).

The fastest growing import markets in Forging Machines for Chinese Taipei between 2021 and 2022 were China ($12.5M), Japan ($10.4M), and South Korea ($7.62M).

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)$396M
IMPORTS (2022)$151M
NET TRADE (2022)$246M

In 2022, Chinese Taipei exported $396M in Forging Machines. The main destinations of Chinese Taipei exports on Forging Machines were China ($100M), United States ($56.3M), Vietnam ($28.8M), Turkey ($22.2M), and Thailand ($22M).

In 2022, Chinese Taipei imported $151M in Forging Machines, mainly from Japan ($43.5M), China ($32.8M), South Korea ($19.3M), Italy ($14.8M), and Germany ($9.31M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Forging Machines EXPORT MARKETS FOR Chinese Taipei WERE (2021 - 2022):
United States$16M (39.8%)
Turkey$9.32M (72.4%)
Italy$5.21M (91.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Forging Machines BY Chinese Taipei WERE (2021 - 2022):
China-$35.7M (-26.3%)
Vietnam-$2.72M (-8.63%)
Brazil-$2.4M (-30.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Chinese Taipei's main exporting competitors in Forging Machines were:
China $1.72B
Italy $1.2B
Germany $1.02B
In 2022, Chinese Taipei's main importing competitors in Forging Machines were:

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Trade Value of Forging Machines by Exporters

Potential Exports

Potential Exports

Flow
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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.

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