2022
Exports
$53.2MWorld Rnk 24 / 165
Flag Rnk 582 / 1212
2022
PRODUCT COMPLEXITY IN Forging Machines
1.5Rnk 53 / 1025
2022
Imports
$369MWorld Rnk 6 / 211
Flag Rnk 215 / 1206
2022
ECONOMIC COMPLEXITY of India
0.64Rnk 40 / 133

About

Exports In 2022, India exported $53.2M in Forging Machines, making it the 24th largest exporter of Forging Machines in the world. At the same year, Forging Machines was the 582nd most exported product in India. The main destination of Forging Machines exports from India are: Vietnam ($7.33M), Argentina ($3.95M), Nepal ($3.21M), Bangladesh ($3.05M), and United Arab Emirates ($2.99M).

The fastest growing export markets for Forging Machines of India between 2021 and 2022 were Vietnam ($6.9M), Argentina ($3.95M), and Burundi ($1.76M).

Imports In 2022, India imported $369M in Forging Machines, becoming the 6th largest importer of Forging Machines in the world. At the same year, Forging Machines was the 215th most imported product in India. India imports Forging Machines primarily from: China ($164M), Japan ($47.5M), South Korea ($34.1M), Italy ($22M), and Germany ($19.8M).

The fastest growing import markets in Forging Machines for India between 2021 and 2022 were Japan ($10.1M), China ($9.09M), and South Korea ($6.03M).

COMPANIES In 2023, leading companies such as Steve Madden (1) were at the forefront of shipping Forging Machines from India 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)$53.2M
IMPORTS (2022)$369M
NET TRADE (2022)-$315M

In 2022, India exported $53.2M in Forging Machines. The main destinations of India exports on Forging Machines were Vietnam ($7.33M), Argentina ($3.95M), Nepal ($3.21M), Bangladesh ($3.05M), and United Arab Emirates ($2.99M).

In 2022, India imported $369M in Forging Machines, mainly from China ($164M), Japan ($47.5M), South Korea ($34.1M), Italy ($22M), and Germany ($19.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Forging Machines EXPORT MARKETS FOR India WERE (2021 - 2022):
Vietnam$6.9M (1.59k%)
Argentina$3.95M (42.7k%)
Burundi$1.76M (169%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Forging Machines BY India WERE (2021 - 2022):
Egypt-$2.02M (-91.8%)
United States-$1.2M (-36.1%)
Turkey-$1.05M (-77.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, India's main exporting competitors in Forging Machines were:
China $1.72B
Italy $1.2B
Germany $1.02B
In 2022, India'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 POTENTIALChina+ $5.49M
TOP IMPORT POTENTIALChina+ $65.3M

Forging Machines’s highest export potential is China. With an export gap of $5.49M.   Forging Machines’s highest import potential is China with an import gap of $65.3M.

See methodology.

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