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2023
Exports $9.7MWorld Rnk 43 / 167
Flag Rnk 528 / 1214
2023
Destination $722k United States
2022 - 2023
FASTEST GROWING MARKET $722kSaudi Arabia
2023
PRODUCT COMPLEXITY IN Forging Machines1.5Rnk 45 / 1025
2023
Imports $58.6MWorld Rnk 35 / 214
Flag Rnk 261 / 1211
2023
Origin $6.77M China
2022 - 2023
FASTEST GROWING ORIGIN $6.77MBrazil
2023
ECONOMIC COMPLEXITY of South Africa0.07Rnk 59 / 132

About

Exports In 2023, South Africa exported $9.7M in Forging Machines, making it the 43rd largest exporter of Forging Machines in the world. At the same year, Forging Machines was the 528th most exported product in South Africa. The main destination of Forging Machines exports from South Africa are: United States ($1.6M), Zimbabwe ($1.58M), Saudi Arabia ($1.14M), United Kingdom ($628k), and Namibia ($514k).

The fastest growing export markets for Forging Machines of South Africa between 2022 and 2023 were Saudi Arabia ($722k), United Kingdom ($571k), and Nigeria ($240k).

Imports In 2023, South Africa imported $58.6M in Forging Machines, becoming the 35th largest importer of Forging Machines in the world. At the same year, Forging Machines was the 261st most imported product in South Africa. South Africa imports Forging Machines primarily from: China ($22M), Brazil ($6.79M), Germany ($4.8M), United States ($4.37M), and Italy ($3.09M).

The fastest growing import markets in Forging Machines for South Africa between 2022 and 2023 were Brazil ($6.77M), Belgium ($2.12M), and Thailand ($2.01M).

Latest Trends

November 2024

About

Overview In November 2024 South Africa's Forging Machines exports accounted up to ZAR9.05M and imports accounted up to ZAR144M, resulting in a negative trade balance of ZAR135M. Between November 2023 and November 2024 the exports of South Africa's   Forging Machines have increased by ZAR4.98M (123%) from ZAR4.06M to ZAR9.05M, while imports increased by ZAR50.1M (53.4%) from ZAR93.8M to ZAR144M.

Destinations In November 2024, Forging Machines were exported mostly to Zambia (ZAR3.98M), Botswana (ZAR2.27M), Senegal (ZAR1.04M), Mozambique (ZAR409k), and Guinea (ZAR371k), and were imported mostly from United States (ZAR72.1M), Germany (ZAR38.6M), China (ZAR20.5M), Chinese Taipei (ZAR3.59M), and Turkey (ZAR2.79M).

Growth In November 2024, the increase in Forging Machines's year-by-year exports was explained primarily by an increase in exports to Zimbabwe (ZAR2.44M or 3.3k%), Democratic Republic of the Congo (ZAR240k or 328%), and Eswatini (ZAR29.8k or 60.3%). In November 2024, the increase in Forging Machines's year-by-year imports was explained primarily by an increase in imports from Germany (ZAR26.7M or 463%), China (ZAR9.06M or 34.9%), and India (ZAR1.02M or 560%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)ZAR4.98M(123%)
IMPORT GROWTH (November 2023 - November 2024)ZAR50.1M(53.4%)
MAIN EXPORTER (November 2024)PietermaritzburgZAR10.4M
MAIN DESTINATION (November 2024)ZambiaZAR3.98M

This section shows Forging Machines's exports and imports data at subnational level for South Africa. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Forging Machines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$9.7M
IMPORTS (2023)$58.6M
NET TRADE (2023)-$48.9M

In 2023, South Africa exported $9.7M in Forging Machines. The main destinations of South Africa exports on Forging Machines were United States ($1.6M), Zimbabwe ($1.58M), Saudi Arabia ($1.14M), United Kingdom ($628k), and Namibia ($514k).

In 2023, South Africa imported $58.6M in Forging Machines, mainly from China ($22M), Brazil ($6.79M), Germany ($4.8M), United States ($4.37M), and Italy ($3.09M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Forging Machines EXPORT MARKETS FOR South Africa WERE (2022 - 2023):
Saudi Arabia$722k (171%)
United Kingdom$571k (996%)
Nigeria$240k (2.11k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Forging Machines BY South Africa WERE (2022 - 2023):
China-$1.46M (-99.9%)
Czechia-$894k (-92.6%)
United States-$517k (-24.5%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Africa's main exporting competitors in Forging Machines were:
China $1.99B
Italy $1.4B
Germany $1.17B
In 2023, South Africa's main importing competitors in Forging Machines were:
United States $1.61B
China $762M
Mexico $640M

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Trade Value of Forging Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.05M
TOP IMPORT POTENTIALGermany+ $1.56M

Forging Machines’s highest export potential is United States. With an export gap of $2.05M.   Forging Machines’s highest import potential is Germany with an import gap of $1.56M.

See methodology.

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