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2022
Exports $306MWorld Rnk 2 / 86
Flag Rnk 677 / 1216
2022
Destination $3.92M India
2021 - 2022
FASTEST GROWING MARKET $3.92MBrazil
2022
PRODUCT COMPLEXITY IN Felt Machinery0.94Rnk 196 / 1025
2022
Imports $244MWorld Rnk 1 / 151
Flag Rnk 483 / 1212
2022
Origin $61.9M Germany
2021 - 2022
FASTEST GROWING ORIGIN $61.9MGermany
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $306M in Felt Machinery, making it the 2nd largest exporter of Felt Machinery in the world. At the same year, Felt Machinery was the 677th most exported product in China. The main destination of Felt Machinery exports from China are: India ($42.5M), Turkey ($37.3M), Vietnam ($28.7M), South Korea ($21M), and Russia ($20.9M).

The fastest growing export markets for Felt Machinery of China between 2021 and 2022 were Brazil ($3.92M), Bangladesh ($1.83M), and Egypt ($1.69M).

Imports In 2022, China imported $244M in Felt Machinery, becoming the 1st largest importer of Felt Machinery in the world. At the same year, Felt Machinery was the 483rd most imported product in China. China imports Felt Machinery primarily from: Germany ($134M), Italy ($39.1M), France ($34.6M), Japan ($17.1M), and Singapore ($6.23M).

The fastest growing import markets in Felt Machinery for China between 2021 and 2022 were Germany ($61.9M), Japan ($10.4M), and Italy ($8.08M).

COMPANIES In 2023, leading companies such as CrimsonLogic (184), Spencer Gifts (38), and Walmart (8) were at the forefront of shipping Felt Machinery from China to the United States.

Latest Trends

November 2024

About

Overview In November 2024 China's Felt Machinery exports accounted up to $31.5M and imports accounted up to $5.91M, resulting in a positive trade balance of $25.6M. Between November 2023 and November 2024 the exports of China's   Felt Machinery have increased by $14.6M (86.4%) from $16.9M to $31.5M, while imports decreased by $-271k (-4.39%) from $6.18M to $5.91M.

Destinations In November 2024, Felt Machinery were exported mostly to India ($6.5M), Vietnam ($4.76M), Bangladesh ($2.95M), Brazil ($2.64M), and Iraq ($2.1M), and were imported mostly from Germany ($4.21M), Portugal ($669k), China ($494k), Italy ($459k), and Japan ($70.8k).

Growth In November 2024, the increase in Felt Machinery's year-by-year exports was explained primarily by an increase in exports to Russia ($704k or 53.2%), Egypt ($690k or 96.2%), and Algeria ($613k or 233%). In November 2024, the decrease in Felt Machinery's year-by-year imports was explained primarily by a decrease in imports from Germany ($-12.2M or -81.8%), Italy ($-1.59M or -97.6%), and Portugal ($-616k or -69.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$14.6M(86.4%)
IMPORT GROWTH (November 2023 - November 2024)$-271k(-4.39%)
MAIN EXPORTER (November 2024)Zhejiang Province$13.3M
MAIN DESTINATION (November 2024)India$6.5M

This section shows Felt Machinery's exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Felt Machinery over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$306M
IMPORTS (2022)$244M
NET TRADE (2022)$61.9M

In 2022, China exported $306M in Felt Machinery. The main destinations of China exports on Felt Machinery were India ($42.5M), Turkey ($37.3M), Vietnam ($28.7M), South Korea ($21M), and Russia ($20.9M).

In 2022, China imported $244M in Felt Machinery, mainly from Germany ($134M), Italy ($39.1M), France ($34.6M), Japan ($17.1M), and Singapore ($6.23M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Felt Machinery EXPORT MARKETS FOR China WERE (2021 - 2022):
Brazil$3.92M (25.8%)
Bangladesh$1.83M (43.9%)
Egypt$1.69M (20.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Felt Machinery BY China WERE (2021 - 2022):
Turkey-$75.3M (-66.9%)
South Korea-$33.6M (-61.5%)
Indonesia-$22.6M (-80.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Felt Machinery were:
Germany $410M
France $133M
In 2022, China's main importing competitors in Felt Machinery were:
United States $110M
India $104M

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Trade Value of Felt Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $11.8M
TOP IMPORT POTENTIALPortugal+ $1.47M

Felt Machinery’s highest export potential is India. With an export gap of $11.8M.   Felt Machinery’s highest import potential is Portugal with an import gap of $1.47M.

See methodology.

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