HS Icon Knitting Machines

Knitting machines, stitch-bonding machines and machines for making gimped yarn, tulle, lace, embroidery, trimmings, braid or net and machines for tufting

8447 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Knitting Machines. In 2021, Knitting Machines were the world's 681st most traded product, with a total trade of $2.78B. Between 2020 and 2021 the exports of Knitting Machines grew by 44.5%, from $1.92B to $2.78B. Trade in Knitting Machines represent 0.00013% of total world trade.

Knitting Machines are a part of Machinery, mechanical appliances, & parts. They include Flat knitting machines, stitch-bonding machines, Tulle, lace, embroidery, trimmings etc making machine, Circular knitting machines, diameter > 165 mm, and Circular knitting machines, diameter < 165 mm.

Exports In 2021 the top exporters of Knitting Machines  were China ($1.15B), Japan ($426M), Germany ($382M), Italy ($250M), and Chinese Taipei ($190M).

Imports In 2021 the top importers of Knitting Machines were India ($370M), Turkey ($335M), United States ($198M), China ($179M), and Vietnam ($162M).

Tariffs In 2018 the average tariff for Knitting Machines was 3.81%, making it the 1054th lowest tariff using the HS4 product classification.

Ranking Knitting Machines ranks 138th in the Product Complexity Index (PCI).

Description Knitting machines are used to make knitted fabrics. Stitch-bonding machines are used to sew two pieces of fabric together, while gimped yarn is a type of thread that has been treated with a chemical or process to make it stronger and more durable. Tulle, lace, embroidery, trimmings, braid or net are all types of fabric that can be made using knitting machines.

View
Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Knitting 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.

* Using January 2020 exchange rates when trade data is reported in local currency.

Explore Latest Trends

Historical Data

#permalink to section

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2021): China, $1.15B

Top Destination (2021): India, $370M

Knitting Machines are the world's 681st most traded product.

In 2021, the top exporters of Knitting Machines were China ($1.15B), Japan ($426M), Germany ($382M), Italy ($250M), and Chinese Taipei ($190M).

In 2021, the top importers of Knitting Machines were India ($370M), Turkey ($335M), United States ($198M), China ($179M), and Vietnam ($162M).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Color

Top Origin Growth (2020 -  2021): China, $379M

Top Destination Growth (2020 -  2021): India, $187M

Between 2020 and 2021, the exports of Knitting Machines grew the fastest in China ($379M), Japan ($140M), Germany ($94.5M), Italy ($91.2M), and Chinese Taipei ($70M).

Between 2020 and 2021, the fastest growing importers of Knitting Machines were India ($187M), Turkey ($79.5M), Pakistan ($75.8M), United States ($71.9M), and China ($70.7M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Knitting Machines.

In 2021, market concentration measured using Shannon Entropy, was 2.89. This means that most of the exports of Knitting Machines are explained by 7 countries.

Explore Visualizations

TOP NET EXPORTER (2021): China, $975M

TOP NET IMPORTER (2021): India, $358M

This map shows which countries export or import more of Knitting Machines. Each country is colored based on the difference in exports and imports of Knitting Machines during 2021.

In 2021, the countries that had a largest trade value in exports than in imports of Knitting Machines were China ($975M), Japan ($406M), Germany ($334M), Chinese Taipei ($161M), and Italy ($153M).

In 2021, the countries that had a largest trade value in imports than in exports of Knitting Machines were India ($358M), Turkey ($309M), Bangladesh ($157M), Pakistan ($144M), and United States ($138M).

Disaggregation

#permalink to section
Value

In 2021, the world most traded Knitting Machines, disaggragated by their HS6 level were Tulle, lace, embroidery, trimmings etc making... ($945M), Flat knitting machines, stitch-bonding machines ($829M), Circular knitting machines, diameter > 165... ($717M), and Circular knitting machines, diameter < 165... ($288M)

Country Comparison

#permalink to section
Flow
Measure
Ranking

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

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
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.

Country by Relatedness

#permalink to section

The following visualization shows the relatedness of Knitting Machines to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.