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844720 (Harmonized System 1992 for 6-digit)

2023
World Trade $668MRnk 2546 / 4644
2023
Top Exporter | Top Importer $265M | $78MChina | Turkey
2023
Product Complexity -0.011Rnk 2563 / 4656
2022 - 2023
Export Growth (CAGR) -14.3%Rnk 3166 / 4644
2023
Share of World Trade 0.003%Rnk 2546 / 4644

About

Overview This page contains the latest trade data of Flat knitting machines, stitch-bonding machines. In 2023, Flat knitting machines, stitch-bonding machines were the world's 2546th most traded product, with a total trade of $668M. Between 2022 and 2023 the exports of Flat knitting machines, stitch-bonding machines decreased by -14.3%, from $780M to $668M. Trade in Flat knitting machines, stitch-bonding machines represent 0.003% of total world trade.

Flat knitting machines, stitch-bonding machines are a part of Knitting Machines.

Exports In 2023 the top exporters of Flat knitting machines, stitch-bonding machines  were China ($265M), Japan ($196M), Germany ($130M), Chinese Taipei ($22.6M), and Italy ($10.7M).

Imports In 2023 the top importers of Flat knitting machines, stitch-bonding machines were Turkey ($78M), Bangladesh ($65.4M), India ($62M), Vietnam ($59M), and China ($58.4M).

Ranking Flat knitting machines, stitch-bonding machines ranks 2563rd in the Product Complexity Index (PCI).

Description Many machines in the knitwear industry are flat knitting machines. These machines are used to knit fabric which is then sewn together. These machines are used to knit common fabrics such as terry cloth towels, jersey, and other common fabrics. Stitch-bonding machines are used to knit fabric which is then bonded together. These machines are used to knit fabrics such as fleece, pile, and other fabrics.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Flat knitting machines, stitch-bonding machines. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)China$265M
Top Destination (2023)Turkey$78M

In 2023 Flat knitting machines, stitch-bonding machines were the world's 2546th most traded product (out of 4,644).

In 2023, the top exporters of Flat knitting machines, stitch-bonding machines were China ($265M), Japan ($196M), Germany ($130M), Chinese Taipei ($22.6M), and Italy ($10.7M).

In 2023, the top importers of Flat knitting machines, stitch-bonding machines were Turkey ($78M), Bangladesh ($65.4M), India ($62M), Vietnam ($59M), and China ($58.4M).

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Exporters of Flat knitting machines, stitch-bonding machines (2023)
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Importers of Flat knitting machines, stitch-bonding machines (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Japan$4.4M
Top Destination Growth (2022 -  2023)Vietnam$12.3M

Between 2022 and 2023, the exports of Flat knitting machines, stitch-bonding machines grew the fastest in Japan ($4.4M), Chinese Taipei ($1.44M), Slovenia ($1.24M), Sri Lanka ($594k), and Slovakia ($471k).

Between 2022 and 2023, the fastest growing importers of Flat knitting machines, stitch-bonding machines were Vietnam ($12.3M), Indonesia ($8.27M), Cambodia ($6.99M), Russia ($4.5M), and Nigeria ($4.06M).

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Exporters of Flat knitting machines, stitch-bonding machines (2022 - 2023)

Importers of Flat knitting machines, stitch-bonding machines (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Flat knitting machines, stitch-bonding machines.

In 2023, market concentration measured using Shannon Entropy, was 2.31. This means that most of the exports of Flat knitting machines, stitch-bonding machines are explained by 4 countries.

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Value of Exports in Flat knitting machines, stitch-bonding machines

Net Trade

TOP NET EXPORTER (2023)China$207M
TOP NET IMPORTER (2023)Turkey$69.3M

This map shows which countries export or import more of Flat knitting machines, stitch-bonding machines. Each country is colored based on the difference in exports and imports of Flat knitting machines, stitch-bonding machines during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Flat knitting machines, stitch-bonding machines were China ($207M), Japan ($193M), Germany ($118M), Chinese Taipei ($20M), and Switzerland ($3.05M).

In 2023, the countries that had a largest trade value in imports than in exports of Flat knitting machines, stitch-bonding machines were Turkey ($69.3M), India ($61M), Vietnam ($58.8M), Italy ($43.7M), and Indonesia ($23.5M).

Net Trade (2023)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Flat knitting machines, stitch-bonding machines.
It is possible to select the main countries that export or import Flat knitting machines, stitch-bonding machines in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Flat knitting machines, stitch-bonding machines by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2023)

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