Forging Machines in Italy | The Observatory of Economic Complexity

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Exports In 2022, Italy exported $1.2B in Forging Machines, making it the 2nd largest exporter of Forging Machines in the world. At the same year, Forging Machines was the 131st most exported product in Italy. The main destination of Forging Machines exports from Italy are: United States ($204M), Germany ($98.7M), Poland ($82.6M), Russia ($57.3M), and France ($50.1M).

The fastest growing export markets for Forging Machines of Italy between 2021 and 2022 were United States ($49.7M), Czechia ($15.5M), and Russia ($15.1M).

Imports In 2022, Italy imported $316M in Forging Machines, becoming the 7th largest importer of Forging Machines in the world. At the same year, Forging Machines was the 338th most imported product in Italy. Italy imports Forging Machines primarily from: Germany ($62M), Austria ($51.8M), Turkey ($30.7M), Switzerland ($23.2M), and China ($23M).

The fastest growing import markets in Forging Machines for Italy between 2021 and 2022 were Austria ($26M), Germany ($13.9M), and China ($9.3M).

COMPANIES In 2023, leading companies such as ROBERT BOSCH TOOL CORPORATION (670), JBS USA FOOD COMPANY (12), and TRUMPF INC (6) were at the forefront of shipping Forging Machines from Italy to the United States.

Latest Trends

December 2023

About

Overview In December 2023 Italy's Forging Machines exports accounted up to €183M and imports accounted up to €15.3M, resulting in a positive trade balance of €168M. Between December 2022 and December 2023 the exports of Italy's Forging Machines have increased by €49.1M (36.6%) from €134M to €183M, while imports decreased by €-21.8M (-58.8%) from €37.1M to €15.3M.

Destinations In December 2023, Forging Machines were exported mostly to Turkey (€17.9M), Mexico (€17.1M), United States (€16.6M), Poland (€15.7M), and Germany (€14.4M), and were imported mostly from Austria (€4.48M), Turkey (€3.73M), Switzerland (€1.72M), Germany (€1.52M), and Belgium (€649k).

Growth In December 2023, the increase in Forging Machines's year-by-year exports was explained primarily by an increase in exports to Turkey (€4.83M or 2.37k%), Mexico (€4.26M or 366%), and Russia (€1.67M or 248%). In December 2023, the decrease in Forging Machines's year-by-year imports was explained primarily by a decrease in imports from Taiwan (€-866k or -90.4%), Turkey (€-798k or -37%), and Switzerland (€-557k or -65.9%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (December 2022 - December 2023)€49.1M(36.6%)

IMPORT GROWTH (December 2022 - December 2023)€-21.8M(-58.8%)

MAIN DESTINATION (December 2023)Turkey€17.9M

This section shows Forging Machines's exports and imports data at subnational level for Italy. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Forging Machines over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$1.2B

IMPORTS (2022)$316M

NET TRADE (2022)$888M

In 2022, Italy exported $1.2B in Forging Machines. The main destinations of Italy exports on Forging Machines were United States ($204M), Germany ($98.7M), Poland ($82.6M), Russia ($57.3M), and France ($50.1M).

In 2022, Italy imported $316M in Forging Machines, mainly from Germany ($62M), Austria ($51.8M), Turkey ($30.7M), Switzerland ($23.2M), and China ($23M).

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