2022
Exports
$1.31MWorld Rnk 58 / 165
Flag Rnk 433 / 1124
2022
PRODUCT COMPLEXITY IN Forging Machines
1.5Rnk 53 / 1025
2022
Imports
$16.4MWorld Rnk 67 / 211
Flag Rnk 401 / 1187
2022
ECONOMIC COMPLEXITY of Pakistan
-0.45Rnk 84 / 133

About

Exports In 2022, Pakistan exported $1.31M in Forging Machines, making it the 58th largest exporter of Forging Machines in the world. At the same year, Forging Machines was the 433rd most exported product in Pakistan. The main destination of Forging Machines exports from Pakistan are: Austria ($941k), Malaysia ($118k), Tanzania ($51.5k), United Arab Emirates ($43.5k), and Saudi Arabia ($21.8k).

The fastest growing export markets for Forging Machines of Pakistan between 2021 and 2022 were Austria ($941k), Malaysia ($62.1k), and Tanzania ($24k).

Imports In 2022, Pakistan imported $16.4M in Forging Machines, becoming the 67th largest importer of Forging Machines in the world. At the same year, Forging Machines was the 401st most imported product in Pakistan. Pakistan imports Forging Machines primarily from: China ($9.58M), Japan ($3.48M), Italy ($470k), Chinese Taipei ($460k), and Turkey ($441k).

The fastest growing import markets in Forging Machines for Pakistan between 2021 and 2022 were Japan ($3.34M), Indonesia ($305k), and Germany ($166k).

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)$1.31M
IMPORTS (2022)$16.4M
NET TRADE (2022)-$15.1M

In 2022, Pakistan exported $1.31M in Forging Machines. The main destinations of Pakistan exports on Forging Machines were Austria ($941k), Malaysia ($118k), Tanzania ($51.5k), United Arab Emirates ($43.5k), and Saudi Arabia ($21.8k).

In 2022, Pakistan imported $16.4M in Forging Machines, mainly from China ($9.58M), Japan ($3.48M), Italy ($470k), Chinese Taipei ($460k), and Turkey ($441k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Forging Machines EXPORT MARKETS FOR Pakistan WERE (2021 - 2022):
Austria$941k (1%)
Malaysia$62.1k (111%)
Tanzania$24k (87.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Forging Machines BY Pakistan WERE (2021 - 2022):
Switzerland-$136k (-86.9%)
Saudi Arabia-$59.4k (-73.2%)
Qatar-$22.1k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Pakistan's main exporting competitors in Forging Machines were:
China $1.72B
Italy $1.2B
Germany $1.02B
In 2022, Pakistan'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+ $97.4k
TOP IMPORT POTENTIALChina+ $6.49M

Forging Machines’s highest export potential is United States. With an export gap of $97.4k.   Forging Machines’s highest import potential is China with an import gap of $6.49M.

See methodology.

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