2022
Exports
$952MWorld Rnk 2 / 160
Flag Rnk 298 / 1216
2022
PRODUCT COMPLEXITY IN Knitting Machine Accessories
1.56Rnk 40 / 1025
2022
Imports
$490MWorld Rnk 3 / 202
Flag Rnk 431 / 1215
2022
ECONOMIC COMPLEXITY of Germany
1.78Rnk 5 / 133

About

Exports In 2022, Germany exported $952M in Knitting Machine Accessories, making it the 2nd largest exporter of Knitting Machine Accessories in the world. At the same year, Knitting Machine Accessories was the 298th most exported product in Germany. The main destination of Knitting Machine Accessories exports from Germany are: China ($187M), India ($92.6M), United States ($72.2M), Czechia ($60.6M), and Singapore ($55.4M).

The fastest growing export markets for Knitting Machine Accessories of Germany between 2021 and 2022 were Japan ($5.07M), Bangladesh ($4.41M), and United States ($3.92M).

Imports In 2022, Germany imported $490M in Knitting Machine Accessories, becoming the 3rd largest importer of Knitting Machine Accessories in the world. At the same year, Knitting Machine Accessories was the 431st most imported product in Germany. Germany imports Knitting Machine Accessories primarily from: Czechia ($92.6M), China ($86.8M), Italy ($52.1M), Switzerland ($48.7M), and Portugal ($28.6M).

The fastest growing import markets in Knitting Machine Accessories for Germany between 2021 and 2022 were Italy ($11.1M), United States ($7.88M), and India ($6.61M).

COMPANIES In 2023, leading companies such as Amazon (7), Trumpf (7), and Volkswagen (4) were at the forefront of shipping Knitting Machine Accessories from Germany 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)$952M
IMPORTS (2022)$490M
NET TRADE (2022)$462M

In 2022, Germany exported $952M in Knitting Machine Accessories. The main destinations of Germany exports on Knitting Machine Accessories were China ($187M), India ($92.6M), United States ($72.2M), Czechia ($60.6M), and Singapore ($55.4M).

In 2022, Germany imported $490M in Knitting Machine Accessories, mainly from Czechia ($92.6M), China ($86.8M), Italy ($52.1M), Switzerland ($48.7M), and Portugal ($28.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knitting Machine Accessories EXPORT MARKETS FOR Germany WERE (2021 - 2022):
Japan$5.07M (28.7%)
Bangladesh$4.41M (28.8%)
United States$3.92M (5.75%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knitting Machine Accessories BY Germany WERE (2021 - 2022):
China-$89.8M (-32.5%)
Singapore-$36M (-39.4%)
Italy-$6.07M (-10.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Germany's main exporting competitors in Knitting Machine Accessories were:
China $956M
Italy $391M
In 2022, Germany's main importing competitors in Knitting Machine Accessories were:
China $856M
India $548M

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Trade Value of Knitting Machine Accessories by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALBelgium+ $17.3M
TOP IMPORT POTENTIALFrance+ $15.8M

Knitting Machine Accessories’s highest export potential is Belgium. With an export gap of $17.3M.   Knitting Machine Accessories’s highest import potential is France with an import gap of $15.8M.

See methodology.

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