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2022
Exports $23.9MWorld Rnk 6 / 86
Flag Rnk 959 / 1217
2022
Destination $14.3M Mexico
2021 - 2022
FASTEST GROWING MARKET $14.3MMexico
2022
PRODUCT COMPLEXITY IN Felt Machinery0.94Rnk 196 / 1025
2022
Imports $110MWorld Rnk 2 / 151
Flag Rnk 863 / 1216
2022
Origin $7.87M Germany
2021 - 2022
FASTEST GROWING ORIGIN $7.87MItaly
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $23.9M in Felt Machinery, making it the 6th largest exporter of Felt Machinery in the world. At the same year, Felt Machinery was the 959th most exported product in United States. The main destination of Felt Machinery exports from United States are: Mexico ($15M), Germany ($1.84M), Brazil ($1.65M), Canada ($995k), and Italy ($683k).

The fastest growing export markets for Felt Machinery of United States between 2021 and 2022 were Mexico ($14.3M), Brazil ($780k), and Italy ($625k).

Imports In 2022, United States imported $110M in Felt Machinery, becoming the 2nd largest importer of Felt Machinery in the world. At the same year, Felt Machinery was the 863rd most imported product in United States. United States imports Felt Machinery primarily from: Germany ($50.6M), Italy ($25.8M), Portugal ($10.1M), China ($9.07M), and France ($7.8M).

The fastest growing import markets in Felt Machinery for United States between 2021 and 2022 were Italy ($7.87M), Belgium ($543k), and South Korea ($508k).

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

Latest Trends

August 2024

About

Overview In August 2024 United States' Felt Machinery exports accounted up to $611k and imports accounted up to $5.42M, resulting in a negative trade balance of $4.81M. Between August 2023 and August 2024 the exports of United States'   Felt Machinery have decreased by $-445k (-42.1%) from $1.06M to $611k, while imports increased by $443k (8.89%) from $4.98M to $5.42M.

Destinations In August 2024, Felt Machinery were exported mostly to Brazil ($270k), Mexico ($95.4k), Canada ($83.1k), Argentina ($38.3k), and Paraguay ($27k), and were imported mostly from Germany ($2.62M), Portugal ($786k), Chinese Taipei ($784k), France ($392k), and Austria ($162k).

Growth In August 2024, the decrease in Felt Machinery's year-by-year exports was explained primarily by a decrease in exports to Brazil ($-162k or -59.4%), Canada ($-50.1k or -46.7%), and Hungary ($-320 or -8.25%). In August 2024, the increase in Felt Machinery's year-by-year imports was explained primarily by an increase in imports from Italy ($5.35M or 986%), Germany ($3.73M or 135%), and France ($161k or 188%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$-445k(-42.1%)
IMPORT GROWTH (August 2023 - August 2024)$443k(8.89%)
MAIN EXPORTER (August 2024)Mississippi$428k
MAIN DESTINATION (August 2024)Brazil$270k

This section shows Felt Machinery's exports and imports data at subnational level for United States. 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)$23.9M
IMPORTS (2022)$110M
NET TRADE (2022)-$86.2M

In 2022, United States exported $23.9M in Felt Machinery. The main destinations of United States exports on Felt Machinery were Mexico ($15M), Germany ($1.84M), Brazil ($1.65M), Canada ($995k), and Italy ($683k).

In 2022, United States imported $110M in Felt Machinery, mainly from Germany ($50.6M), Italy ($25.8M), Portugal ($10.1M), China ($9.07M), and France ($7.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Felt Machinery EXPORT MARKETS FOR United States WERE (2021 - 2022):
Mexico$14.3M (2.11k%)
Brazil$780k (89.2%)
Italy$625k (1.07k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Felt Machinery BY United States WERE (2021 - 2022):
Germany-$6.68M (-78.4%)
Singapore-$4.38M (-98.1%)
Chinese Taipei-$1.34M (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Felt Machinery were:
Germany $410M
China $306M
France $133M
In 2022, United States's main importing competitors in Felt Machinery were:
China $244M
India $104M

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Trade Value of Felt Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $510k
TOP IMPORT POTENTIALChina+ $5.38M

Felt Machinery’s highest export potential is India. With an export gap of $510k.   Felt Machinery’s highest import potential is China with an import gap of $5.38M.

See methodology.

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