Forging Machines in   China

Overview In March 2024 China's Forging Machines exports accounted up to $152M and imports accounted up to $56.5M, resulting in a positive trade balance of $95.5M. Between March 2023 and March 2024 the exports of China's   Forging Machines have increased by $6.36M (4.37%) from $146M to $152M, while imports decreased by $-7.03M (-11.1%) from $63.6M to $56.5M.

Destinations In March 2024, Forging Machines were exported mostly to Vietnam ($23.7M), India ($16.8M), Russia ($9.9M), Mexico ($9.57M), and Belarus ($7.79M), and were imported mostly from Japan ($16.4M), Switzerland ($11M), Italy ($7.39M), South Korea ($6.31M), and Chinese Taipei ($5.79M).

Growth In March 2024, the increase in Forging Machines's year-by-year exports was explained primarily by an increase in exports to Turkey ($3.94M or 128%), Thailand ($2.98M or 89.2%), and India ($2.83M or 24.3%). In March 2024, the decrease in Forging Machines's year-by-year imports was explained primarily by a decrease in imports from Chinese Taipei ($-8.08M or -75.4%), Germany ($-4.99M or -41.4%), and Japan ($-3.11M or -23%).