Knitting Machines in China 2021 Exports | Imports : $1.15B | $179M, World Rnk 1 / 113 Rnk 375 / 1215 | World Rnk 4 / 190 Rnk 547 / 1214
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $126M | $36.2M, India | Japan
2021 ECONOMIC COMPLEXITY of China: 1.07, Rnk 25 / 131
2021 PRODUCT COMPLEXITY IN Knitting Machines: 1.09, Rnk 146 / 1029
Exports In 2021, China exported $1.15B in Knitting Machines, making it the 1st largest exporter of Knitting Machines in the world. At the same year, Knitting Machines was the 375th most exported product in China. The main destination of Knitting Machines exports from China are: India ($253M), Vietnam ($109M), Turkey ($107M), Pakistan ($100M), and Bangladesh ($89.5M).
The fastest growing export markets for Knitting Machines of China between 2020 and 2021 were India ($126M), Pakistan ($57.7M), and Turkey ($36.9M).
Imports In 2021, China imported $179M in Knitting Machines, becoming the 4th largest importer of Knitting Machines in the world. At the same year, Knitting Machines was the 547th most imported product in China. China imports Knitting Machines primarily from: Japan ($83.4M), Germany ($59.2M), Italy ($16.3M), Chinese Taipei ($6.05M), and Switzerland ($2.74M).
The fastest growing import markets in Knitting Machines for China between 2020 and 2021 were Japan ($36.2M), Germany ($25.1M), and Italy ($6.58M).
Tariffs In 2018, the average tariff for China in Knitting Machines was 6.4%. The countries with the highest import tariffs for Knitting Machines were Switzerland (Most Favoured Nation duty rate treatment, 9%), Liechtenstein (Most Favoured Nation duty rate treatment, 9%), Taiwan (Most Favoured Nation duty rate treatment, 8.13%), Burkina Faso (Most Favoured Nation duty rate treatment, 8.09%), and Botswana (Most Favoured Nation duty rate treatment, 8.09%).
February 2023
Overview In February 2023 China's Knitting Machines exports accounted up to $54.5M and imports accounted up to $11M, resulting in a positive trade balance of $43.5M. Between February 2022 and February 2023 the exports of China's Knitting Machines have decreased by $-16.7M (-23.4%) from $71.2M to $54.5M, while imports decreased by $-2.48M (-18.3%) from $13.5M to $11M.
Destinations In February 2023, Knitting Machines were exported mostly to India ($15.6M), Turkey ($5.55M), Vietnam ($4.83M), United States ($2.92M), and Uzbekistan ($2.68M), and were imported mostly from Germany ($6.52M), Japan ($2.68M), Italy ($1.71M), Taiwan ($130k), and China ($3.05k).
Growth In February 2023, the decrease in Knitting Machines's year-by-year exports was explained primarily by a decrease in exports to Vietnam ($-2.75M or -22.1%), Peru ($-761k or -25.3%), and Russia ($-668k or -36.5%). In February 2023, the decrease in Knitting Machines's year-by-year imports was explained primarily by a decrease in imports from Japan ($-7.82M or -68.7%), United States ($-221k or -63.9%), and China ($-200k or -99.4%).
EXPORT GROWTH (February 2022 - February 2023): $-16.7M, (-23.4%)
IMPORT GROWTH (February 2022 - February 2023): $-2.48M, (-18.3%)
MAIN EXPORTER (February 2023): Zhejiang Province, $26.9M
MAIN DESTINATION (February 2023): India, $15.6M
This section shows Knitting Machines's exports and imports data at subnational level for China. 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 Machines over time.
For full datasets download visit Bulk Download page.
EXPORTS (2021): $1.15B
IMPORTS (2021): $179M
NET TRADE (2021): $975M
In 2021, China exported $1.15B in Knitting Machines. The main destinations of China exports on Knitting Machines were India ($253M), Vietnam ($109M), Turkey ($107M), Pakistan ($100M), and Bangladesh ($89.5M).
In 2021, China imported $179M in Knitting Machines, mainly from Japan ($83.4M), Germany ($59.2M), Italy ($16.3M), Chinese Taipei ($6.05M), and Switzerland ($2.74M).
THE FASTEST GROWING Knitting Machines EXPORT MARKETS FOR China WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knitting Machines BY China WERE (2020 - 2021):
In 2021, China's main exporting competitors in Knitting Machines were:
In 2021, China's main importing competitors in Knitting Machines were:
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