2022
Exports
$198MWorld Rnk 9 / 160
Flag Rnk 311 / 1212
2022
PRODUCT COMPLEXITY IN Knitting Machine Accessories
1.56Rnk 40 / 1025
2022
Imports
$548MWorld Rnk 2 / 202
Flag Rnk 172 / 1206
2022
ECONOMIC COMPLEXITY of India
0.64Rnk 40 / 133

About

Exports In 2022, India exported $198M in Knitting Machine Accessories, making it the 9th largest exporter of Knitting Machine Accessories in the world. At the same year, Knitting Machine Accessories was the 311th most exported product in India. The main destination of Knitting Machine Accessories exports from India are: Germany ($23.2M), Italy ($19.1M), Bangladesh ($17.6M), Turkey ($13.3M), and Japan ($11.4M).

The fastest growing export markets for Knitting Machine Accessories of India between 2021 and 2022 were Germany ($6.61M), United Arab Emirates ($5.99M), and Bangladesh ($4.08M).

Imports In 2022, India imported $548M in Knitting Machine Accessories, becoming the 2nd largest importer of Knitting Machine Accessories in the world. At the same year, Knitting Machine Accessories was the 172nd most imported product in India. India imports Knitting Machine Accessories primarily from: China ($194M), Germany ($92.6M), Czechia ($63.3M), Japan ($33.1M), and Switzerland ($32.4M).

The fastest growing import markets in Knitting Machine Accessories for India between 2021 and 2022 were Czechia ($30.9M), Japan ($8.65M), and Italy ($6.61M).

COMPANIES In 2023, leading companies such as ZF Friedrichshafen (4), Michael Kors (2), and Robert Bosch (1) were at the forefront of shipping Knitting Machine Accessories 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 Knitting Machine Accessories. 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)$198M
IMPORTS (2022)$548M
NET TRADE (2022)-$350M

In 2022, India exported $198M in Knitting Machine Accessories. The main destinations of India exports on Knitting Machine Accessories were Germany ($23.2M), Italy ($19.1M), Bangladesh ($17.6M), Turkey ($13.3M), and Japan ($11.4M).

In 2022, India imported $548M in Knitting Machine Accessories, mainly from China ($194M), Germany ($92.6M), Czechia ($63.3M), Japan ($33.1M), and Switzerland ($32.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knitting Machine Accessories EXPORT MARKETS FOR India WERE (2021 - 2022):
Germany$6.61M (39.8%)
Bangladesh$4.08M (30.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knitting Machine Accessories BY India WERE (2021 - 2022):
Malaysia-$3.07M (-75.9%)
Hong Kong-$2.36M (-74%)
United Kingdom-$1.33M (-78.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, India's main exporting competitors in Knitting Machine Accessories were:
In 2022, India's main importing competitors in Knitting Machine Accessories were:

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Trade Value of Knitting Machine Accessories by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $21.5M
TOP IMPORT POTENTIALChina+ $58.8M

Knitting Machine Accessories’s highest export potential is China. With an export gap of $21.5M.   Knitting Machine Accessories’s highest import potential is China with an import gap of $58.8M.

See methodology.

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