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Machine-tools; (including presses) for working metal by forging, hammering or die-stamping, for bending, folding, straightening, flattening, shearing or punching metal

8462 (Harmonized System 1992 for 4-digit)

2023
World Trade $10.5BRnk 352 / 1217
2023
Top Exporter | Top Importer $1.99B | $1.61BChina | United States
2023
Product Complexity 1.53Rnk 39 / 1044
2022 - 2023
Export Growth (CAGR) 14.3%Rnk 103 / 1217
2023
Share of World Trade 0.047%Rnk 352 / 1217

About

Overview This page contains the latest trade data of Forging Machines. In 2023, Forging Machines were the world's 352nd most traded product, with a total trade of $10.5B. Between 2022 and 2023 the exports of Forging Machines grew by 14.3%, from $9.22B to $10.5B. Trade in Forging Machines represent 0.047% of total world trade.

Forging Machines are a part of Machinery, mechanical appliances, & parts. They include Machine tools to forge, stamp, hammer or press metals, Num controlled machine tools to bend, fold, etc, meta, Metal shaping presses, nes, Machine tools to bend, fold, shear or press metal, ne, Hydraulic presses for working metal, Num controlled punch, notch, punch-shear machines, Shearing (except punch-shear) machine tools, nes, Punching, notching, punch-shear machine tools, nes, and Num controlled shearing (non-punching) machine tools.

Exports In 2023 the top exporters of Forging Machines  were China ($1.99B), Italy ($1.4B), Germany ($1.17B), Japan ($835M), and South Korea ($651M).

Imports In 2023 the top importers of Forging Machines were United States ($1.61B), China ($762M), Mexico ($640M), India ($500M), and Germany ($462M).

Ranking Forging Machines ranks 39th in the Product Complexity Index (PCI).

Description Machine tools are used to make other goods. They can be made from a variety of materials, including steel, aluminum, and other metals.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Forging Machines. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)China$1.99B
Top Destination (2023)United States$1.61B

In 2023 Forging Machines were the world's 352nd most traded product (out of 1,217).

In 2023, the top exporters of Forging Machines were China ($1.99B), Italy ($1.4B), Germany ($1.17B), Japan ($835M), and South Korea ($651M).

In 2023, the top importers of Forging Machines were United States ($1.61B), China ($762M), Mexico ($640M), India ($500M), and Germany ($462M).

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Exporters of Forging Machines (2023)
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Importers of Forging Machines (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Italy$290M
Top Destination Growth (2022 -  2023)United States$370M

Between 2022 and 2023, the exports of Forging Machines grew the fastest in Italy ($290M), China ($242M), United States ($188M), South Korea ($184M), and Germany ($146M).

Between 2022 and 2023, the fastest growing importers of Forging Machines were United States ($370M), Mexico ($255M), Indonesia ($152M), India ($132M), and Poland ($129M).

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Exporters of Forging Machines (2022 - 2023)

Importers of Forging Machines (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Forging Machines.

In 2023, market concentration measured using Shannon Entropy, was 4.14. This means that most of the exports of Forging Machines are explained by 17 countries.

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Value of Exports in Forging Machines

Net Trade

TOP NET EXPORTER (2023)China$1.23B
TOP NET IMPORTER (2023)United States$975M

This map shows which countries export or import more of Forging Machines. Each country is colored based on the difference in exports and imports of Forging Machines during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Forging Machines were China ($1.23B), Italy ($1.12B), Germany ($704M), Japan ($684M), and South Korea ($492M).

In 2023, the countries that had a largest trade value in imports than in exports of Forging Machines were United States ($975M), Mexico ($625M), India ($452M), Poland ($336M), and Russia ($278M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Forging Machines, disaggragated by their HS6 level were Metal shaping presses, nes ($3.75B), Num controlled machine tools to bend,... ($2.63B), Machine tools to bend, fold, shear... ($1.16B), Machine tools to forge, stamp, hammer... ($1.14B), and Hydraulic presses for working metal ($824M)

HS6 Disaggregation for Forging Machines (2023)
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Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Forging Machines.
It is possible to select the main countries that export or import Forging Machines in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Forging Machines by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALUnited States+ $12.3M
TOP IMPORT POTENTIALChina+ $13.1M

Forging Machines’s highest export potential is United States. With an export gap of $12.3M.  Forging Machines’s highest import potential is China with an import gap of $13.1M.

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Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2023)

Related Products

This visualization shows products that are likely to be exported by countries that export Forging Machines.

Country by Relatedness

The following visualization shows the relatedness of Forging Machines to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2023)

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