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2022
Exports $325MWorld Rnk 2 / 92
Flag Rnk 659 / 1216
2022
Destination $38M Turkey
2021 - 2022
FASTEST GROWING MARKET $38MTurkey
2022
PRODUCT COMPLEXITY IN Artificial Textile Machinery1.99Rnk 5 / 1025
2022
Imports $489MWorld Rnk 1 / 168
Flag Rnk 351 / 1212
2022
Origin $57M Germany
2021 - 2022
FASTEST GROWING ORIGIN $57MJapan
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $325M in Artificial Textile Machinery, making it the 2nd largest exporter of Artificial Textile Machinery in the world. At the same year, Artificial Textile Machinery was the 659th most exported product in China. The main destination of Artificial Textile Machinery exports from China are: Turkey ($80.1M), India ($48.8M), Vietnam ($23.4M), Japan ($20.3M), and Bangladesh ($17.9M).

The fastest growing export markets for Artificial Textile Machinery of China between 2021 and 2022 were Turkey ($38M), India ($23.3M), and Bangladesh ($15.7M).

Imports In 2022, China imported $489M in Artificial Textile Machinery, becoming the 1st largest importer of Artificial Textile Machinery in the world. At the same year, Artificial Textile Machinery was the 351st most imported product in China. China imports Artificial Textile Machinery primarily from: Germany ($341M), Japan ($127M), Italy ($14.4M), United States ($3.52M), and Chinese Taipei ($2.06M).

The fastest growing import markets in Artificial Textile Machinery for China between 2021 and 2022 were Japan ($57M), Germany ($7.68M), and United States ($1.78M).

COMPANIES In 2023, leading companies such as Amazon (2), CrimsonLogic (1), and Tmall (1) were at the forefront of shipping Artificial Textile Machinery from China to the United States.

Latest Trends

October 2024

About

Overview In October 2024 China's Artificial Textile Machinery exports accounted up to $15.3M and imports accounted up to $26M, resulting in a negative trade balance of $10.7M. Between October 2023 and October 2024 the exports of China's   Artificial Textile Machinery have decreased by $-3.63M (-19.2%) from $18.9M to $15.3M, while imports decreased by $-74.3M (-74.1%) from $100M to $26M.

Destinations In October 2024, Artificial Textile Machinery were exported mostly to Japan ($1.95M), Turkey ($1.92M), Nigeria ($1.85M), India ($1.6M), and Indonesia ($1.57M), and were imported mostly from Germany ($19.3M), Italy ($6.31M), South Korea ($215k), Chinese Taipei ($115k), and Turkey ($43k).

Growth In October 2024, the decrease in Artificial Textile Machinery's year-by-year exports was explained primarily by a decrease in exports to Japan ($-3.67M or -67.9%), United States ($-1.77M or -98%), and South Korea ($-1.34M or -99.6%). In October 2024, the decrease in Artificial Textile Machinery's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$-3.63M(-19.2%)
IMPORT GROWTH (October 2023 - October 2024)$-74.3M(-74.1%)
MAIN EXPORTER (October 2024)Jiangsu Province$16M
MAIN DESTINATION (October 2024)Japan$1.95M

This section shows Artificial Textile Machinery's exports and imports data at subnational level for China. 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 Artificial Textile Machinery over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$325M
IMPORTS (2022)$489M
NET TRADE (2022)-$164M

In 2022, China exported $325M in Artificial Textile Machinery. The main destinations of China exports on Artificial Textile Machinery were Turkey ($80.1M), India ($48.8M), Vietnam ($23.4M), Japan ($20.3M), and Bangladesh ($17.9M).

In 2022, China imported $489M in Artificial Textile Machinery, mainly from Germany ($341M), Japan ($127M), Italy ($14.4M), United States ($3.52M), and Chinese Taipei ($2.06M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Artificial Textile Machinery EXPORT MARKETS FOR China WERE (2021 - 2022):
Turkey$38M (90.2%)
India$23.3M (91.4%)
Bangladesh$15.7M (717%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Artificial Textile Machinery BY China WERE (2021 - 2022):
Thailand-$6.63M (-53.6%)
Japan-$3.47M (-14.6%)
Russia-$3.04M (-57.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Artificial Textile Machinery were:
Germany $678M
Japan $159M
In 2022, China's main importing competitors in Artificial Textile Machinery were:
Turkey $190M
India $161M

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Trade Value of Artificial Textile Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $17.4M
TOP IMPORT POTENTIALUnited States+ $1.8M

Artificial Textile Machinery’s highest export potential is India. With an export gap of $17.4M.   Artificial Textile Machinery’s highest import potential is United States with an import gap of $1.8M.

See methodology.

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