Knitting Machines8447 (Harmonized System 1992 for 4-digit)
2020 World Trade: $1.91B, Rnk 726 / 1217
2020 Top Exporter | Top Importer: $770M | $255M, China | Turkey
2020 Product Complexity: 1.07, Rnk 150 / 1028
2019 - 2020 Export Growth (CAGR): -22.7%, Rnk 1071 / 1217
2018 Mean Tariff: 3.81%, Rnk 1054 / 1259
2020 Share of World Trade: 0.011%, Rnk 726 / 1217
Overview This page contains the latest trade data of Knitting Machines. In 2020, Knitting Machines were the world's 726th most traded product, with a total trade of $1.91B. Between 2019 and 2020 the exports of Knitting Machines decreased by -22.7%, from $2.48B to $1.91B. Trade in Knitting Machines represent 0.011% 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 2020 the top exporters of Knitting Machines were China ($770M), Germany ($287M), Japan ($285M), Italy ($159M), and Chinese Taipei ($119M).
Imports In 2020 the top importers of Knitting Machines were Turkey ($255M), India ($184M), Vietnam ($140M), United States ($126M), and Bangladesh ($116M).
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 150th 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.
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.
Trade By Country
Knitting Machines are the world's 726th most traded product.
In 2020, the top exporters of Knitting Machines were China ($770M), Germany ($287M), Japan ($285M), Italy ($159M), and Chinese Taipei ($119M).
In 2020, the top importers of Knitting Machines were Turkey ($255M), India ($184M), Vietnam ($140M), United States ($126M), and Bangladesh ($116M).
Trade by country
Top Origin Growth (2019 - 2020): Indonesia, $5.75M
Top Destination Growth (2019 - 2020): Turkey, $87.3M
Between 2019 and 2020, the exports of Knitting Machines grew the fastest in Indonesia ($5.75M), Cambodia ($4.28M), India ($3.96M), Austria ($3.83M), and Vietnam ($2.67M).
Between 2019 and 2020, the fastest growing importers of Knitting Machines were Turkey ($87.3M), Argentina ($6.53M), Sri Lanka ($5.21M), United Arab Emirates ($4.74M), and Portugal ($2.74M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Knitting Machines.
In 2020, market concentration measured using Shannon Entropy, was 3.01. This means that most of the exports of Knitting Machines are explained by 8 countries.
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 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Knitting Machines were China ($662M), Japan ($272M), Germany ($243M), Chinese Taipei ($99.9M), and Italy ($98.4M).
In 2020, the countries that had a largest trade value in imports than in exports of Knitting Machines were Turkey ($242M), India ($174M), Vietnam ($123M), Bangladesh ($116M), and United States ($82.6M).
In 2020, the world most traded Knitting Machines, disaggragated by their HS6 level were Flat knitting machines, stitch-bonding machines ($631M), Tulle, lace, embroidery, trimmings etc making... ($628M), Circular knitting machines, diameter > 165... ($455M), and Circular knitting machines, diameter < 165... ($200M)
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.
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.
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