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2022
Exports $69.1MWorld Rnk 16 / 160
Flag Rnk 572 / 1214
2022
Destination $6.44M India
2021 - 2022
FASTEST GROWING MARKET $6.44MIndia
2022
PRODUCT COMPLEXITY IN Knitting Machine Accessories1.56Rnk 40 / 1025
2022
Imports $37.2MWorld Rnk 27 / 202
Flag Rnk 733 / 1214
2022
Origin $825k Italy
2021 - 2022
FASTEST GROWING ORIGIN $825kIndia
2022
ECONOMIC COMPLEXITY of Spain0.81Rnk 33 / 133

About

Exports In 2022, Spain exported $69.1M in Knitting Machine Accessories, making it the 16th largest exporter of Knitting Machine Accessories in the world. At the same year, Knitting Machine Accessories was the 572nd most exported product in Spain. The main destination of Knitting Machine Accessories exports from Spain are: India ($10.4M), Pakistan ($7.4M), Turkey ($6.51M), Bangladesh ($6.26M), and Uzbekistan ($4.56M).

The fastest growing export markets for Knitting Machine Accessories of Spain between 2021 and 2022 were India ($6.44M), Bangladesh ($3.16M), and Turkey ($1.65M).

Imports In 2022, Spain imported $37.2M in Knitting Machine Accessories, becoming the 27th largest importer of Knitting Machine Accessories in the world. At the same year, Knitting Machine Accessories was the 733rd most imported product in Spain. Spain imports Knitting Machine Accessories primarily from: Italy ($9.58M), Germany ($7.37M), France ($4.38M), China ($2.76M), and India ($2.54M).

The fastest growing import markets in Knitting Machine Accessories for Spain between 2021 and 2022 were India ($825k), France ($494k), and Austria ($381k).

COMPANIES In 2023, leading companies such as Helly Hansen (1) were at the forefront of shipping Knitting Machine Accessories from Spain to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Spain's Knitting Machine Accessories exports accounted up to €4.55M and imports accounted up to €1.34M, resulting in a positive trade balance of €3.21M. Between June 2023 and June 2024 the exports of Spain's   Knitting Machine Accessories have increased by €582k (14.7%) from €3.97M to €4.55M, while imports decreased by €-1.15M (-46.2%) from €2.49M to €1.34M.

Destinations In June 2024, Knitting Machine Accessories were exported mostly to Egypt (€902k), Portugal (€715k), Uzbekistan (€272k), China (€186k), and India (€169k), and were imported mostly from Germany (€408k), Italy (€265k), China (€137k), India (€76k), and Japan (€72.3k).

Growth In June 2024, the increase in Knitting Machine Accessories's year-by-year exports was explained primarily by an increase in exports to Turkey (€570k or 457%), United States (€517k or 376%), and Indonesia (€516k or 4.67k%). In June 2024, the decrease in Knitting Machine Accessories's year-by-year imports was explained primarily by a decrease in imports from United Kingdom (€-108k or -94.5%), Japan (€-91.6k or -56.1%), and France (€-36.1k or -39.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)€582k(14.7%)
IMPORT GROWTH (June 2023 - June 2024)€-1.15M(-46.2%)
MAIN EXPORTER (June 2024)Barcelona€6.38M
MAIN DESTINATION (June 2024)Egypt€902k

This section shows Knitting Machine Accessories's exports and imports data at subnational level for Spain. 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 Knitting Machine Accessories over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$69.1M
IMPORTS (2022)$37.2M
NET TRADE (2022)$31.9M

In 2022, Spain exported $69.1M in Knitting Machine Accessories. The main destinations of Spain exports on Knitting Machine Accessories were India ($10.4M), Pakistan ($7.4M), Turkey ($6.51M), Bangladesh ($6.26M), and Uzbekistan ($4.56M).

In 2022, Spain imported $37.2M in Knitting Machine Accessories, mainly from Italy ($9.58M), Germany ($7.37M), France ($4.38M), China ($2.76M), and India ($2.54M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knitting Machine Accessories EXPORT MARKETS FOR Spain WERE (2021 - 2022):
India$6.44M (163%)
Bangladesh$3.16M (102%)
Turkey$1.65M (33.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knitting Machine Accessories BY Spain WERE (2021 - 2022):
Uzbekistan-$3.03M (-40%)
Pakistan-$2.44M (-24.8%)
Argentina-$1.44M (-73.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Spain's main exporting competitors in Knitting Machine Accessories were:
China $956M
Germany $952M
Italy $391M
In 2022, Spain's main importing competitors in Knitting Machine Accessories were:
China $856M
India $548M
Germany $490M

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Trade Value of Knitting Machine Accessories by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $3.13M
TOP IMPORT POTENTIALFrance+ $2.79M

Knitting Machine Accessories’s highest export potential is India. With an export gap of $3.13M.   Knitting Machine Accessories’s highest import potential is France with an import gap of $2.79M.

See methodology.

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