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2023
Exports $202MWorld Rnk 2 / 83
Flag Rnk 757 / 1215
2023
Destination $6.42M India
2022 - 2023
FASTEST GROWING MARKET $6.42MBelarus
2023
PRODUCT COMPLEXITY IN Felt Machinery1.1Rnk 146 / 1025
2023
Imports $74.1MWorld Rnk 2 / 146
Flag Rnk 690 / 1214
2023
Origin $6.64M Germany
2022 - 2023
FASTEST GROWING ORIGIN $6.64MAustria
2023
ECONOMIC COMPLEXITY of China1.16Rnk 21 / 132

About

Exports In 2023, China exported $202M in Felt Machinery, making it the 2nd largest exporter of Felt Machinery in the world. At the same year, Felt Machinery was the 757th most exported product in China. The main destination of Felt Machinery exports from China are: India ($29.5M), Vietnam ($23.6M), Russia ($16.3M), Turkey ($14.8M), and Uzbekistan ($8.15M).

The fastest growing export markets for Felt Machinery of China between 2022 and 2023 were Belarus ($6.42M), Angola ($3.66M), and Uzbekistan ($2.99M).

Imports In 2023, China imported $74.1M in Felt Machinery, becoming the 2nd largest importer of Felt Machinery in the world. At the same year, Felt Machinery was the 690th most imported product in China. China imports Felt Machinery primarily from: Germany ($20.8M), Austria ($10.2M), France ($8.62M), Portugal ($7.75M), and Singapore ($7.66M).

The fastest growing import markets in Felt Machinery for China between 2022 and 2023 were Austria ($6.64M), Belgium ($1.87M), and Portugal ($1.57M).

COMPANIES In 2024, leading companies such as CrimsonLogic (224), Walmart (19), and Spencer Gifts (4) were at the forefront of shipping Felt Machinery from China to the United States.

Latest Trends

December 2024

About

Overview In December 2024 China's Felt Machinery exports accounted up to $22.8M and imports accounted up to $2.71M, resulting in a positive trade balance of $20.1M. Between December 2023 and December 2024 the exports of China's   Felt Machinery have increased by $6.75M (42.1%) from $16M to $22.8M, while imports decreased by $-4.91M (-64.5%) from $7.62M to $2.71M.

Destinations In December 2024, Felt Machinery were exported mostly to Turkey ($4.48M), India ($3.55M), Vietnam ($3.52M), Brazil ($1.35M), and Poland ($1.12M), and were imported mostly from Chinese Taipei ($1.44M), Germany ($817k), Portugal ($362k), Italy ($42.9k), and Japan ($23.4k).

Growth In December 2024, the increase in Felt Machinery's year-by-year exports was explained primarily by an increase in exports to India ($3M or 282%), Vietnam ($2.8M or 207%), and Turkey ($1.77M or 1.02k%). In December 2024, the decrease in Felt Machinery's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$6.75M(42.1%)
IMPORT GROWTH (December 2023 - December 2024)$-4.91M(-64.5%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)Turkey$4.48M

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 (2023)$202M
IMPORTS (2023)$74.1M
NET TRADE (2023)$128M

In 2023, China exported $202M in Felt Machinery. The main destinations of China exports on Felt Machinery were India ($29.5M), Vietnam ($23.6M), Russia ($16.3M), Turkey ($14.8M), and Uzbekistan ($8.15M).

In 2023, China imported $74.1M in Felt Machinery, mainly from Germany ($20.8M), Austria ($10.2M), France ($8.62M), Portugal ($7.75M), and Singapore ($7.66M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Felt Machinery EXPORT MARKETS FOR China WERE (2022 - 2023):
Belarus$6.42M (4.04k%)
Angola$3.66M (528%)
Uzbekistan$2.99M (57.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Felt Machinery BY China WERE (2022 - 2023):
Turkey-$31.5M (-68%)
India-$22.5M (-43.2%)
South Korea-$11.3M (-77.4%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, China's main exporting competitors in Felt Machinery were:
Germany $241M
Italy $73.8M
In 2023, China's main importing competitors in Felt Machinery were:
United States $113M
Algeria $54.4M

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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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