2022
Exports
$4.48MWorld Rnk 50 / 165
Flag Rnk 686 / 1194
2022
PRODUCT COMPLEXITY IN Forging Machines
1.5Rnk 53 / 1025
2022
Imports
$124MWorld Rnk 22 / 211
Flag Rnk 312 / 1206
2022
ECONOMIC COMPLEXITY of Indonesia
-0.012Rnk 67 / 133

About

Exports In 2022, Indonesia exported $4.48M in Forging Machines, making it the 50th largest exporter of Forging Machines in the world. At the same year, Forging Machines was the 686th most exported product in Indonesia. The main destination of Forging Machines exports from Indonesia are: United States ($919k), Singapore ($719k), Burma ($506k), Japan ($451k), and Malaysia ($436k).

The fastest growing export markets for Forging Machines of Indonesia between 2021 and 2022 were Burma ($506k), United States ($503k), and Pakistan ($305k).

Imports In 2022, Indonesia imported $124M in Forging Machines, becoming the 22nd largest importer of Forging Machines in the world. At the same year, Forging Machines was the 312th most imported product in Indonesia. Indonesia imports Forging Machines primarily from: China ($57.5M), Japan ($21.2M), Chinese Taipei ($10.3M), South Korea ($6.66M), and Singapore ($5.7M).

The fastest growing import markets in Forging Machines for Indonesia between 2021 and 2022 were China ($20.2M), Japan ($11.5M), and Italy ($2.86M).

COMPANIES In 2023, leading companies such as Euromarket Designs (4) and Arhaus (1) were at the forefront of shipping Forging Machines from Indonesia 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)$4.48M
IMPORTS (2022)$124M
NET TRADE (2022)-$120M

In 2022, Indonesia exported $4.48M in Forging Machines. The main destinations of Indonesia exports on Forging Machines were United States ($919k), Singapore ($719k), Burma ($506k), Japan ($451k), and Malaysia ($436k).

In 2022, Indonesia imported $124M in Forging Machines, mainly from China ($57.5M), Japan ($21.2M), Chinese Taipei ($10.3M), South Korea ($6.66M), and Singapore ($5.7M).

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Export Destinations (NaN)

Import Origins (NaN)

Market Growth

Flow
THE FASTEST GROWING Forging Machines EXPORT MARKETS FOR Indonesia WERE (2021 - 2022):
Burma$506k (1%)
United States$503k (121%)
Pakistan$305k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Forging Machines BY Indonesia WERE (2021 - 2022):
Singapore-$1.4M (-66%)
China-$972k (-99.5%)
Mauritius-$831k (-100%)

Change in Exports by Market (undefined - undefined)

Market Concentration

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Flow
Type
In 2022, Indonesia's main exporting competitors in Forging Machines were:
China $1.72B
Italy $1.2B
Germany $1.02B
In 2022, Indonesia'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 POTENTIALUnited States+ $851k
TOP IMPORT POTENTIALChina+ $8.15M

Forging Machines’s highest export potential is United States. With an export gap of $851k.   Forging Machines’s highest import potential is China with an import gap of $8.15M.

See methodology.

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