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Exports In 2022, Estonia exported $3.59M in Forging Machines, making it the 51st largest exporter of Forging Machines in the world. At the same year, Forging Machines was the 443rd most exported product in Estonia. The main destination of Forging Machines exports from Estonia are: Egypt ($1.94M), Latvia ($503k), Russia ($485k), Finland ($250k), and Lithuania ($200k).

The fastest growing export markets for Forging Machines of Estonia between 2021 and 2022 were Egypt ($1.91M), Latvia ($421k), and Finland ($231k).

Imports In 2022, Estonia imported $12.2M in Forging Machines, becoming the 71st largest importer of Forging Machines in the world. At the same year, Forging Machines was the 352nd most imported product in Estonia. Estonia imports Forging Machines primarily from: Switzerland ($2.97M), Italy ($1.55M), Finland ($1.23M), Germany ($1.19M), and Turkey ($876k).

The fastest growing import markets in Forging Machines for Estonia between 2021 and 2022 were Switzerland ($2.42M), Denmark ($567k), and Latvia ($103k).

Latest Trends

Mar 2024

Subnational Monthly Trade

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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)$3.59M
IMPORTS (2022)$12.2M
NET TRADE (2022)-$8.62M

In 2022, Estonia exported $3.59M in Forging Machines. The main destinations of Estonia exports on Forging Machines were Egypt ($1.94M), Latvia ($503k), Russia ($485k), Finland ($250k), and Lithuania ($200k).

In 2022, Estonia imported $12.2M in Forging Machines, mainly from Switzerland ($2.97M), Italy ($1.55M), Finland ($1.23M), Germany ($1.19M), and Turkey ($876k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Forging Machines EXPORT MARKETS FOR Estonia WERE (2021 - 2022):
Egypt$1.91M (7.64k%)
Latvia$421k (516%)
Finland$231k (1.24k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Forging Machines BY Estonia WERE (2021 - 2022):
Netherlands-$494k (-98.2%)
Austria-$397k (-100%)
India-$231k (-89%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Type
In 2022, Estonia's main exporting competitors in Forging Machines were:
China $1.72B
Italy $1.2B
Germany $1.02B
In 2022, Estonia's main importing competitors in Forging Machines were:

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Trade Value of Forging Machines by Exporters

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