2022
Exports
$161MWorld Rnk 11 / 160
Flag Rnk 644 / 1217
2022
PRODUCT COMPLEXITY IN Knitting Machine Accessories
1.56Rnk 40 / 1025
2022
Imports
$254MWorld Rnk 6 / 202
Flag Rnk 709 / 1216
2022
ECONOMIC COMPLEXITY of United States
1.47Rnk 10 / 133

About

Exports In 2022, United States exported $161M in Knitting Machine Accessories, making it the 11th largest exporter of Knitting Machine Accessories in the world. At the same year, Knitting Machine Accessories was the 644th most exported product in United States. The main destination of Knitting Machine Accessories exports from United States are: Honduras ($17.5M), Germany ($16.7M), Mexico ($13M), China ($9.15M), and Canada ($8.79M).

The fastest growing export markets for Knitting Machine Accessories of United States between 2021 and 2022 were Germany ($7.88M), Honduras ($5.52M), and Belgium ($4.3M).

Imports In 2022, United States imported $254M in Knitting Machine Accessories, becoming the 6th largest importer of Knitting Machine Accessories in the world. At the same year, Knitting Machine Accessories was the 709th most imported product in United States. United States imports Knitting Machine Accessories primarily from: Germany ($72.2M), China ($33.2M), Italy ($18.8M), Switzerland ($16.9M), and Japan ($15.6M).

The fastest growing import markets in Knitting Machine Accessories for United States between 2021 and 2022 were China ($14.3M), Germany ($3.92M), and Chinese Taipei ($3.26M).

COMPANIES In 2023, leading companies such as CrimsonLogic (20.2k), Kontoor Brands (943), and Adidas (145) were at the forefront of shipping Knitting Machine Accessories to the United States.

Latest Trends

June 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-901k(-4.18%)
IMPORT GROWTH (June 2023 - June 2024)$-3.02M(-17.3%)
MAIN EXPORTER (June 2024)Virginia$8.48M
MAIN DESTINATION (June 2024)Germany$7.45M

This section shows Knitting Machine Accessories'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 Knitting Machine Accessories over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$161M
IMPORTS (2022)$254M
NET TRADE (2022)-$93.5M

In 2022, United States exported $161M in Knitting Machine Accessories. The main destinations of United States exports on Knitting Machine Accessories were Honduras ($17.5M), Germany ($16.7M), Mexico ($13M), China ($9.15M), and Canada ($8.79M).

In 2022, United States imported $254M in Knitting Machine Accessories, mainly from Germany ($72.2M), China ($33.2M), Italy ($18.8M), Switzerland ($16.9M), and Japan ($15.6M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knitting Machine Accessories EXPORT MARKETS FOR United States WERE (2021 - 2022):
Germany$7.88M (89.7%)
Honduras$5.52M (46.1%)
Belgium$4.3M (432%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knitting Machine Accessories BY United States WERE (2021 - 2022):
Mexico-$8.69M (-40%)
Japan-$2.76M (-67.3%)
Malaysia-$2.56M (-64.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Knitting Machine Accessories were:
In 2022, United States's main importing competitors in Knitting Machine Accessories were:

Explore Visualizations

Trade Value of Knitting Machine Accessories by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $7.27M
TOP IMPORT POTENTIALChina+ $15.7M

Knitting Machine Accessories’s highest export potential is China. With an export gap of $7.27M.   Knitting Machine Accessories’s highest import potential is China with an import gap of $15.7M.

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