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2022
Exports $227MWorld Rnk 8 / 160
Flag Rnk 311 / 1213
2022
Destination $8.65M China
2021 - 2022
FASTEST GROWING MARKET $8.65MIndia
2022
PRODUCT COMPLEXITY IN Knitting Machine Accessories1.56Rnk 40 / 1025
2022
Imports $269MWorld Rnk 4 / 202
Flag Rnk 327 / 1214
2022
Origin $10.3M China
2021 - 2022
FASTEST GROWING ORIGIN $10.3MChinese Taipei
2022
ECONOMIC COMPLEXITY of Japan2.07Rnk 1 / 133

About

Exports In 2022, Japan exported $227M in Knitting Machine Accessories, making it the 8th largest exporter of Knitting Machine Accessories in the world. At the same year, Knitting Machine Accessories was the 311th most exported product in Japan. The main destination of Knitting Machine Accessories exports from Japan are: China ($72.6M), India ($33.1M), United States ($15.6M), Chinese Taipei ($11.4M), and Indonesia ($9.89M).

The fastest growing export markets for Knitting Machine Accessories of Japan between 2021 and 2022 were India ($8.65M), Pakistan ($2.05M), and Turkey ($1.52M).

Imports In 2018, Japan imported $269M in Knitting Machine Accessories, becoming the 4th largest importer of Knitting Machine Accessories in the world. At the same year, Knitting Machine Accessories was the 327th most imported product in Japan. Japan imports Knitting Machine Accessories primarily from: China ($72M), France ($49.2M), Chinese Taipei ($36.3M), Switzerland ($25M), and Germany ($22.7M).

The fastest growing import markets in Knitting Machine Accessories for Japan between 2021 and 2022 were Chinese Taipei ($10.3M), Germany ($5.07M), and Czechia ($4.18M).

Latest Trends

June 2024

About

Overview In June 2024 Japan's Knitting Machine Accessories exports accounted up to ¥2.07B and imports accounted up to ¥1.77B, resulting in a positive trade balance of ¥300M. Between June 2023 and June 2024 the exports of Japan's   Knitting Machine Accessories have increased by ¥117M (5.96%) from ¥1.95B to ¥2.07B, while imports decreased by ¥-1.51B (-46%) from ¥3.28B to ¥1.77B.

Destinations In June 2024, Knitting Machine Accessories were exported mostly to China (¥659M), India (¥310M), United States (¥174M), Italy (¥124M), and Indonesia (¥92.8M), and were imported mostly from China (¥554M), Germany (¥312M), France (¥258M), Switzerland (¥239M), and Chinese Taipei (¥114M).

Growth In June 2024, the increase in Knitting Machine Accessories's year-by-year exports was explained primarily by an increase in exports to Bangladesh (¥45.3M or 141%), Indonesia (¥28.3M or 40.8%), and Thailand (¥27.4M or 99%). In June 2024, the decrease in Knitting Machine Accessories's year-by-year imports was explained primarily by a decrease in imports from India (¥-228M or -67.8%), France (¥-55.2M or -11.6%), and Germany (¥-51M or -27.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)¥117M(5.96%)
IMPORT GROWTH (June 2023 - June 2024)¥-1.51B(-46%)
MAIN EXPORTER (June 2024)Osaka¥1.02B
MAIN DESTINATION (June 2024)China¥659M

This section shows Knitting Machine Accessories's exports and imports data at subnational level for Japan. 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)$227M
IMPORTS (2022)$269M
NET TRADE (2022)-$41.6M

In 2022, Japan exported $227M in Knitting Machine Accessories. The main destinations of Japan exports on Knitting Machine Accessories were China ($72.6M), India ($33.1M), United States ($15.6M), Chinese Taipei ($11.4M), and Indonesia ($9.89M).

In 2022, Japan imported $269M in Knitting Machine Accessories, mainly from China ($72M), France ($49.2M), Chinese Taipei ($36.3M), Switzerland ($25M), and Germany ($22.7M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knitting Machine Accessories EXPORT MARKETS FOR Japan WERE (2021 - 2022):
India$8.65M (35.4%)
Pakistan$2.05M (40.3%)
Turkey$1.52M (35.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knitting Machine Accessories BY Japan WERE (2021 - 2022):
China-$23M (-24%)
Thailand-$8.31M (-60.2%)
Hong Kong-$2.32M (-31.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Japan's main exporting competitors in Knitting Machine Accessories were:
China $956M
Germany $952M
Italy $391M
In 2022, Japan'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 POTENTIALChina+ $12.6M
TOP IMPORT POTENTIALChina+ $13.4M

Knitting Machine Accessories’s highest export potential is China. With an export gap of $12.6M.   Knitting Machine Accessories’s highest import potential is China with an import gap of $13.4M.

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