2023
Exports
$274MWorld Rnk 2 / 94
Flag Rnk 687 / 1215
2023
PRODUCT COMPLEXITY IN Artificial Textile Machinery
1.97Rnk 3 / 1025
2023
Imports
$557MWorld Rnk 1 / 165
Flag Rnk 320 / 1214
2023
ECONOMIC COMPLEXITY of China
1.16Rnk 21 / 132

About

Exports In 2023, China exported $274M 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 687th most exported product in China. The main destination of Artificial Textile Machinery exports from China are: India ($90.5M), Turkey ($66.5M), Vietnam ($24.9M), Thailand ($12.4M), and United States ($9.41M).

The fastest growing export markets for Artificial Textile Machinery of China between 2022 and 2023 were India ($30.1M), Vietnam ($9.43M), and Thailand ($7.38M).

Imports In 2023, China imported $557M 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 320th most imported product in China. China imports Artificial Textile Machinery primarily from: Germany ($371M), Japan ($155M), Italy ($22M), South Korea ($2.95M), and United States ($1.75M).

The fastest growing import markets in Artificial Textile Machinery for China between 2022 and 2023 were Japan ($27.7M), Germany ($20.8M), and Italy ($7.61M).

COMPANIES In 2024, leading companies such as CrimsonLogic (1) were at the forefront of shipping Artificial Textile Machinery from China to the United States.

Latest Trends

December 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$-122k(-0.43%)
IMPORT GROWTH (December 2023 - December 2024)$-23M(-49.8%)
MAIN EXPORTER (December 2024)Jiangsu Province$16M
MAIN DESTINATION (December 2024)India$7.53M

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 (2023)$274M
IMPORTS (2023)$557M
NET TRADE (2023)-$284M

In 2023, China exported $274M in Artificial Textile Machinery. The main destinations of China exports on Artificial Textile Machinery were India ($90.5M), Turkey ($66.5M), Vietnam ($24.9M), Thailand ($12.4M), and United States ($9.41M).

In 2023, China imported $557M in Artificial Textile Machinery, mainly from Germany ($371M), Japan ($155M), Italy ($22M), South Korea ($2.95M), and United States ($1.75M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Artificial Textile Machinery EXPORT MARKETS FOR China WERE (2022 - 2023):
India$30.1M (49.9%)
Vietnam$9.43M (60.9%)
Thailand$7.38M (147%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Artificial Textile Machinery BY China WERE (2022 - 2023):
Turkey-$17.7M (-21%)
Indonesia-$15.4M (-74.7%)
Bangladesh-$11.2M (-62.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, China's main exporting competitors in Artificial Textile Machinery were:
In 2023, China's main importing competitors in Artificial Textile Machinery were:
India $148M

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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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