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2022
Exports $17.5MWorld Rnk 8 / 92
Flag Rnk 1008 / 1217
2022
Destination $1.78M China
2021 - 2022
FASTEST GROWING MARKET $1.78MChina
2022
PRODUCT COMPLEXITY IN Artificial Textile Machinery1.99Rnk 5 / 1025
2022
Imports $129MWorld Rnk 4 / 168
Flag Rnk 836 / 1216
2022
Origin $79.1MN/A
2021 - 2022
FASTEST GROWING ORIGIN $79.1MGermany
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $17.5M in Artificial Textile Machinery, making it the 8th largest exporter of Artificial Textile Machinery in the world. At the same year, Artificial Textile Machinery was the 1008th most exported product in United States. The main destination of Artificial Textile Machinery exports from United States are: China ($3.52M), Malaysia ($3.42M), Egypt ($1.52M), Mexico ($1.42M), and Germany ($1.14M).

The fastest growing export markets for Artificial Textile Machinery of United States between 2021 and 2022 were China ($1.78M), Egypt ($1.25M), and Germany ($966k).

Imports In 2022, United States imported $129M in Artificial Textile Machinery, becoming the 4th largest importer of Artificial Textile Machinery in the world. At the same year, Artificial Textile Machinery was the 836th most imported product in United States. United States imports Artificial Textile Machinery primarily from: N/A.

The fastest growing import markets in Artificial Textile Machinery for United States between 2021 and 2022 were Germany ($79.1M), China ($4.94M), and Portugal ($1.51M).

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

Latest Trends

June 2024

About

Overview In June 2024 United States' Artificial Textile Machinery exports accounted up to $469k and imports accounted up to $525k, resulting in a negative trade balance of $56.4k. Between June 2023 and June 2024 the exports of United States'   Artificial Textile Machinery have decreased by $-2.56M (-84.5%) from $3.03M to $469k, while imports decreased by $-7.48M (-93.4%) from $8.01M to $525k.

Destinations In June 2024, Artificial Textile Machinery were exported mostly to Mexico ($287k), Brazil ($49k), Poland ($40.9k), Bermuda ($38.2k), and Canada ($24.3k), and were imported mostly from Turkey ($401k), Italy ($45.4k), United Kingdom ($39.9k), China ($19.7k), and Germany ($19k).

Growth In June 2024, the decrease in Artificial Textile Machinery's year-by-year exports was explained primarily by a decrease in exports to Poland ($-2.8k or -7.35%). In June 2024, the decrease in Artificial Textile Machinery's year-by-year imports was explained primarily by a decrease in imports from Italy ($-434k or -66.7%) and Netherlands ($-40.1k or -63.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-2.56M(-84.5%)
IMPORT GROWTH (June 2023 - June 2024)$-7.48M(-93.4%)
MAIN EXPORTER (June 2024)Minnesota$5.85M
MAIN DESTINATION (June 2024)Mexico$287k

This section shows Artificial Textile Machinery's exports and imports data at subnational level for United States. 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)$17.5M
IMPORTS (2022)$129M
NET TRADE (2022)-$111M

In 2022, United States exported $17.5M in Artificial Textile Machinery. The main destinations of United States exports on Artificial Textile Machinery were China ($3.52M), Malaysia ($3.42M), Egypt ($1.52M), Mexico ($1.42M), and Germany ($1.14M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Artificial Textile Machinery EXPORT MARKETS FOR United States WERE (2021 - 2022):
China$1.78M (103%)
Egypt$1.25M (462%)
Germany$966k (558%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Artificial Textile Machinery BY United States WERE (2021 - 2022):
United Kingdom-$18.6M (-98.9%)
Chinese Taipei-$4.49M (-100%)
Sweden-$2.32M (-95.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Artificial Textile Machinery were:
Germany $678M
China $325M
Japan $159M
In 2022, United States's main importing competitors in Artificial Textile Machinery were:
China $489M
Turkey $190M
India $161M

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Trade Value of Artificial Textile Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.8M
TOP IMPORT POTENTIALChina+ $5.7M

Artificial Textile Machinery’s highest export potential is China. With an export gap of $1.8M.   Artificial Textile Machinery’s highest import potential is China with an import gap of $5.7M.

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