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Pricing

Carpets and other textile floor coverings; knotted, whether or not made up

5701 (Harmonized System 1992 for 4-digit)

2023
World Trade $928MRnk 932 / 1217
2023
Top Exporter | Top Importer $350M | $413MIndia | United States
2023
Product Complexity -0.88Rnk 828 / 1044
2022 - 2023
Export Growth (CAGR) -12.3%Rnk 819 / 1217
2023
Share of World Trade 0.0041%Rnk 932 / 1217

About

Overview This page contains the latest trade data of Knotted Carpets. In 2023, Knotted Carpets were the world's 932nd most traded product, with a total trade of $928M. Between 2022 and 2023 the exports of Knotted Carpets decreased by -12.3%, from $1.06B to $928M. Trade in Knotted Carpets represent 0.0041% of total world trade.

Knotted Carpets are a part of Carpets & textile floor covers. They include Carpets of wool or fine animal hair, knotted and Carpets of materials nes, knotted.

Exports In 2023 the top exporters of Knotted Carpets  were India ($350M), Nepal ($97M), Pakistan ($82.1M), China ($72.4M), and Turkey ($72.1M).

Imports In 2023 the top importers of Knotted Carpets were United States ($413M), United Kingdom ($64.4M), Germany ($57.9M), Italy ($28.1M), and Japan ($25.5M).

Ranking Knotted Carpets ranks 828th in the Product Complexity Index (PCI).

Description Carpets are used to cover floors in order to protect them from dirt and damage. Carpets are made of many different materials, including wool, cotton, polyester, nylon, and other synthetic fibers. Carpets can also be made up of a variety of different designs and patterns.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Knotted Carpets. 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)India$350M
Top Destination (2023)United States$413M

In 2023 Knotted Carpets were the world's 932nd most traded product (out of 1,217).

In 2023, the top exporters of Knotted Carpets were India ($350M), Nepal ($97M), Pakistan ($82.1M), China ($72.4M), and Turkey ($72.1M).

In 2023, the top importers of Knotted Carpets were United States ($413M), United Kingdom ($64.4M), Germany ($57.9M), Italy ($28.1M), and Japan ($25.5M).

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Exporters of Knotted Carpets (2023)
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Importers of Knotted Carpets (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Uzbekistan$16.5M
Top Destination Growth (2022 -  2023)Afghanistan$17.1M

Between 2022 and 2023, the exports of Knotted Carpets grew the fastest in Uzbekistan ($16.5M), Nepal ($5.42M), Portugal ($2.92M), Poland ($1.61M), and Switzerland ($858k).

Between 2022 and 2023, the fastest growing importers of Knotted Carpets were Afghanistan ($17.1M), Saudi Arabia ($3.38M), United Kingdom ($1.84M), Thailand ($1.57M), and Singapore ($1.22M).

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Exporters of Knotted Carpets (2022 - 2023)

Importers of Knotted Carpets (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Knotted Carpets.

In 2023, market concentration measured using Shannon Entropy, was 3.5. This means that most of the exports of Knotted Carpets are explained by 11 countries.

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Value of Exports in Knotted Carpets

Net Trade

TOP NET EXPORTER (2023)India$346M
TOP NET IMPORTER (2023)United States$401M

This map shows which countries export or import more of Knotted Carpets. Each country is colored based on the difference in exports and imports of Knotted Carpets during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Knotted Carpets were India ($346M), Nepal ($96.7M), Pakistan ($79.8M), China ($62.3M), and Turkey ($57.9M).

In 2023, the countries that had a largest trade value in imports than in exports of Knotted Carpets were United States ($401M), United Kingdom ($55.5M), Germany ($37.6M), Japan ($25.1M), and Canada ($21.7M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Knotted Carpets, disaggragated by their HS6 level were Carpets of wool or fine animal... ($632M) and Carpets of materials nes, knotted ($296M)

HS6 Disaggregation for Knotted Carpets (2023)
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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 Knotted Carpets.
It is possible to select the main countries that export or import Knotted Carpets in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Knotted Carpets by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALGermany+ $3.26M
TOP IMPORT POTENTIALEgypt+ $379k

Knotted Carpets’s highest export potential is Germany. With an export gap of $3.26M.  Knotted Carpets’s highest import potential is Egypt with an import gap of $379k.

See methodology.

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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 (2023)

Related Products

This visualization shows products that are likely to be exported by countries that export Knotted Carpets.

Country by Relatedness

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

Relative Relatedness by Country (2023)

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