Textile Fiber Machinery in China 2021 Exports | Imports : $638M | $749M, World Rnk 3 / 116 Rnk 502 / 1215 | World Rnk 1 / 172 Rnk 281 / 1214
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $84.2M | $115M, Pakistan | Japan
2021 ECONOMIC COMPLEXITY of China: 1.07, Rnk 25 / 131
2021 PRODUCT COMPLEXITY IN Textile Fiber Machinery: 1.46, Rnk 64 / 1029
Exports In 2021, China exported $638M in Textile Fiber Machinery, making it the 3rd largest exporter of Textile Fiber Machinery in the world. At the same year, Textile Fiber Machinery was the 502nd most exported product in China. The main destination of Textile Fiber Machinery exports from China are: Pakistan ($130M), Turkey ($94M), Vietnam ($84.9M), India ($70.7M), and Bangladesh ($53.8M).
The fastest growing export markets for Textile Fiber Machinery of China between 2020 and 2021 were Pakistan ($84.2M), Turkey ($48M), and India ($43M).
Imports In 2021, China imported $749M in Textile Fiber Machinery, becoming the 1st largest importer of Textile Fiber Machinery in the world. At the same year, Textile Fiber Machinery was the 281st most imported product in China. China imports Textile Fiber Machinery primarily from: Japan ($274M), Germany ($216M), Italy ($95M), France ($76.4M), and Chinese Taipei ($23.6M).
The fastest growing import markets in Textile Fiber Machinery for China between 2020 and 2021 were Japan ($115M), France ($66.7M), and Italy ($51.1M).
Tariffs In 2018, the average tariff for China in Textile Fiber Machinery was 7.91%. The countries with the highest import tariffs for Textile Fiber Machinery were Burkina Faso (Most Favoured Nation duty rate treatment, 10%), Botswana (Most Favoured Nation duty rate treatment, 10%), Cote d'Ivoire (Most Favoured Nation duty rate treatment, 10%), Cameroon (Most Favoured Nation duty rate treatment, 10%), and Democratic Republic of the Congo (Most Favoured Nation duty rate treatment, 10%).
March 2023
Overview In March 2023 China's Textile Fiber Machinery exports accounted up to $64.5M and imports accounted up to $50.8M, resulting in a positive trade balance of $13.7M. Between March 2022 and March 2023 the exports of China's Textile Fiber Machinery have decreased by $-21.5M (-25%) from $86M to $64.5M, while imports decreased by $-33M (-39.4%) from $83.8M to $50.8M.
Destinations In March 2023, Textile Fiber Machinery were exported mostly to Vietnam ($11.5M), Pakistan ($10.4M), India ($9.51M), Bangladesh ($7.32M), and Uzbekistan ($4.96M), and were imported mostly from Japan ($29.8M), Germany ($8.61M), Italy ($8.04M), India ($1.57M), and United States ($1.17M).
Growth In March 2023, the decrease in Textile Fiber Machinery's year-by-year exports was explained primarily by a decrease in exports to Thailand ($-2.51M or -89%), South Korea ($-942k or -93%), and Cambodia ($-604k or -87.6%). In March 2023, the decrease in Textile Fiber Machinery's year-by-year imports was explained primarily by a decrease in imports from China ($-67.4k or -60.9%) and Switzerland ($-41.7k or -1.88%).
EXPORT GROWTH (March 2022 - March 2023): $-21.5M, (-25%)
IMPORT GROWTH (March 2022 - March 2023): $-33M, (-39.4%)
MAIN EXPORTER (March 2023): Jiangsu Province, $32.7M
MAIN DESTINATION (March 2023): Vietnam, $11.5M
This section shows Textile Fiber Machinery'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 Textile Fiber Machinery over time.
For full datasets download visit Bulk Download page.
EXPORTS (2021): $638M
IMPORTS (2021): $749M
NET TRADE (2021): -$111M
In 2021, China exported $638M in Textile Fiber Machinery. The main destinations of China exports on Textile Fiber Machinery were Pakistan ($130M), Turkey ($94M), Vietnam ($84.9M), India ($70.7M), and Bangladesh ($53.8M).
In 2021, China imported $749M in Textile Fiber Machinery, mainly from Japan ($274M), Germany ($216M), Italy ($95M), France ($76.4M), and Chinese Taipei ($23.6M).
THE FASTEST GROWING Textile Fiber Machinery EXPORT MARKETS FOR China WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Textile Fiber Machinery BY China WERE (2020 - 2021):
In 2021, China's main exporting competitors in Textile Fiber Machinery were:
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