2023
Exports
$241MWorld Rnk 1 / 83
Flag Rnk 575 / 1215
2023
PRODUCT COMPLEXITY IN Felt Machinery
1.1Rnk 146 / 1025
2023
Imports
$36.8MWorld Rnk 6 / 146
Flag Rnk 928 / 1215
2023
ECONOMIC COMPLEXITY of Germany
1.79Rnk 5 / 132

About

Exports In 2023, Germany exported $241M in Felt Machinery, making it the 1st largest exporter of Felt Machinery in the world. At the same year, Felt Machinery was the 575th most exported product in Germany. The main destination of Felt Machinery exports from Germany are: United States ($61.1M), Algeria ($41M), South Korea ($21.4M), China ($20.8M), and Italy ($11.7M).

The fastest growing export markets for Felt Machinery of Germany between 2022 and 2023 were Algeria ($41M), United States ($24.8M), and South Korea ($21M).

Imports In 2023, Germany imported $36.8M in Felt Machinery, becoming the 6th largest importer of Felt Machinery in the world. At the same year, Felt Machinery was the 928th most imported product in Germany. Germany imports Felt Machinery primarily from: Portugal ($23.4M), United States ($3.15M), China ($2.59M), Italy ($1.81M), and Sweden ($1.33M).

The fastest growing import markets in Felt Machinery for Germany between 2022 and 2023 were Portugal ($2.48M), Italy ($1.46M), and Sweden ($1.32M).

Latest Trends

Dec 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 Felt Machinery. 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 (2023)$241M
IMPORTS (2023)$36.8M
NET TRADE (2023)$204M

In 2023, Germany exported $241M in Felt Machinery. The main destinations of Germany exports on Felt Machinery were United States ($61.1M), Algeria ($41M), South Korea ($21.4M), China ($20.8M), and Italy ($11.7M).

In 2023, Germany imported $36.8M in Felt Machinery, mainly from Portugal ($23.4M), United States ($3.15M), China ($2.59M), Italy ($1.81M), and Sweden ($1.33M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Felt Machinery EXPORT MARKETS FOR Germany WERE (2022 - 2023):
Algeria$41M (107k%)
United States$24.8M (68.3%)
South Korea$21M (5.34k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Felt Machinery BY Germany WERE (2022 - 2023):
China-$103M (-83.2%)
Egypt-$50.9M (-97.6%)
India-$48.2M (-91.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Germany's main exporting competitors in Felt Machinery were:
China $202M
Italy $73.8M
In 2023, Germany's main importing competitors in Felt Machinery were:

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Trade Value of Felt Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $3.72M
TOP IMPORT POTENTIALFrance+ $2.67M

Felt Machinery’s highest export potential is France. With an export gap of $3.72M.   Felt Machinery’s highest import potential is France with an import gap of $2.67M.

See methodology.

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