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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)

2022
World Trade $2.87BRnk 690 / 1218
2022
Top Exporter | Top Importer $1.28B | $442MChina | India
2022
Product Complexity 1.17Rnk 114 / 1033
2021 - 2022
Export Growth (CAGR) 4.16%Rnk 653 / 1218
2022
Share of World Trade 0.012%Rnk 690 / 1218

About

Overview This page contains the latest trade data of Knitting Machines. In 2022, Knitting Machines were the world's 690th most traded product, with a total trade of $2.87B. Between 2021 and 2022 the exports of Knitting Machines grew by 4.16%, from $2.76B to $2.87B. Trade in Knitting Machines represent 0.012% 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 2022 the top exporters of Knitting Machines  were China ($1.28B), Japan ($411M), Germany ($358M), Italy ($257M), and Chinese Taipei ($189M).

Imports In 2022 the top importers of Knitting Machines were India ($442M), Turkey ($348M), Bangladesh ($239M), United States ($232M), and Vietnam ($166M).

Ranking Knitting Machines ranks 114th 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.

Latest Trends

Latest Data

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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.

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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 (2022)China$1.28B
Top Destination (2022)India$442M

In 2022 Knitting Machines were the world's 690th most traded product (out of 1,218).

In 2022, the top exporters of Knitting Machines were China ($1.28B), Japan ($411M), Germany ($358M), Italy ($257M), and Chinese Taipei ($189M).

In 2022, the top importers of Knitting Machines were India ($442M), Turkey ($348M), Bangladesh ($239M), United States ($232M), and Vietnam ($166M).

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Exporters of Knitting Machines (2022)
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Importers of Knitting Machines (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$146M
Top Destination Growth (2021 -  2022)Bangladesh$81.5M

Between 2021 and 2022, the exports of Knitting Machines grew the fastest in China ($146M), United States ($13.9M), Switzerland ($10.9M), Belgium ($7.68M), and Italy ($7.18M).

Between 2021 and 2022, the fastest growing importers of Knitting Machines were Bangladesh ($81.5M), India ($77.6M), United States ($35.5M), Turkey ($19.2M), and Italy ($15.1M).

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Exporters of Knitting Machines (2021 - 2022)

Importers of Knitting Machines (2021 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 2.81. This means that most of the exports of Knitting Machines are explained by 6 countries.

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Value of Exports in Knitting Machines

Net Trade

TOP NET EXPORTER (2022)China$1.18B
TOP NET IMPORTER (2022)India$437M

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 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Knitting Machines were China ($1.18B), Japan ($391M), Germany ($317M), Chinese Taipei ($168M), and Italy ($145M).

In 2022, the countries that had a largest trade value in imports than in exports of Knitting Machines were India ($437M), Turkey ($325M), Bangladesh ($238M), United States ($158M), and Vietnam ($133M).

Net Trade (2022)

Disaggregation

Value

In 2022, the world most traded Knitting Machines, disaggragated by their HS6 level were Tulle, lace, embroidery, trimmings etc making... ($1.07B), Flat knitting machines, stitch-bonding machines ($796M), Circular knitting machines, diameter > 165... ($718M), and Circular knitting machines, diameter < 165... ($284M)

HS6 Disaggregation for Knitting Machines (2022)
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Country Comparison

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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.

Top 10 Exporters Countries of Knitting Machines by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALIndia+ $25.5M
TOP IMPORT POTENTIALItaly+ $1.98M

Knitting Machines’s highest export potential is India. With an export gap of $25.5M.  Knitting Machines’s highest import potential is Italy with an import gap of $1.98M.

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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 (2022)

Related Products

This visualization shows products that are likely to be exported by countries that export Knitting Machines.

Country by Relatedness

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.

Relative Relatedness by Country (2022)

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