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2023
Exports $813MWorld Rnk 2 / 160
Flag Rnk 467 / 1215
2023
Destination $38.8M India
2022 - 2023
FASTEST GROWING MARKET $38.8MIndia
2023
PRODUCT COMPLEXITY IN Knitting Machine Accessories1.38Rnk 66 / 1025
2023
Imports $821MWorld Rnk 1 / 202
Flag Rnk 248 / 1214
2023
Origin $13M Germany
2022 - 2023
FASTEST GROWING ORIGIN $13MFrance
2023
ECONOMIC COMPLEXITY of China1.16Rnk 21 / 132

About

Exports In 2023, China exported $813M in Knitting Machine Accessories, making it the 2nd largest exporter of Knitting Machine Accessories in the world. At the same year, Knitting Machine Accessories was the 467th most exported product in China. The main destination of Knitting Machine Accessories exports from China are: India ($205M), Japan ($86.9M), Vietnam ($79.5M), Germany ($49.2M), and Turkey ($38.9M).

The fastest growing export markets for Knitting Machine Accessories of China between 2022 and 2023 were India ($38.8M), Vietnam ($14M), and Japan ($11.4M).

Imports In 2023, China imported $821M in Knitting Machine Accessories, becoming the 1st largest importer of Knitting Machine Accessories in the world. At the same year, Knitting Machine Accessories was the 248th most imported product in China. China imports Knitting Machine Accessories primarily from: Germany ($189M), Singapore ($151M), Czechia ($60.7M), Switzerland ($59.7M), and Italy ($58.2M).

The fastest growing import markets in Knitting Machine Accessories for China between 2022 and 2023 were France ($13M), Singapore ($12M), and Malaysia ($1.83M).

COMPANIES In 2024, leading companies such as CrimsonLogic (572), Amazon (172), and SKF Group (45) were at the forefront of shipping Knitting Machine Accessories from China to the United States.

Latest Trends

December 2024

About

Overview In December 2024 China's Knitting Machine Accessories exports accounted up to $74.5M and imports accounted up to $55.5M, resulting in a positive trade balance of $19M. Between December 2023 and December 2024 the exports of China's   Knitting Machine Accessories have increased by $10M (15.5%) from $64.5M to $74.5M, while imports decreased by $-2.26M (-3.92%) from $57.8M to $55.5M.

Destinations In December 2024, Knitting Machine Accessories were exported mostly to India ($22.8M), Vietnam ($9.11M), Germany ($3.67M), Bangladesh ($3.67M), and Turkey ($3.28M), and were imported mostly from Germany ($16.3M), Japan ($6.78M), Switzerland ($5.21M), France ($4.82M), and Portugal ($3.62M).

Growth In December 2024, the increase in Knitting Machine Accessories's year-by-year exports was explained primarily by an increase in exports to Turkey ($6.87M or 152%), Vietnam ($4.5M or 157%), and Egypt ($780k or 106%). In December 2024, the decrease in Knitting Machine Accessories's year-by-year imports was explained primarily by a decrease in imports from Czechia ($-663k or -16.4%), Slovakia ($-386k or -100%), and Sweden ($-281k or -82.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$10M(15.5%)
IMPORT GROWTH (December 2023 - December 2024)$-2.26M(-3.92%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)India$22.8M

This section shows Knitting Machine Accessories'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 Knitting Machine Accessories over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$813M
IMPORTS (2023)$821M
NET TRADE (2023)-$7.1M

In 2023, China exported $813M in Knitting Machine Accessories. The main destinations of China exports on Knitting Machine Accessories were India ($205M), Japan ($86.9M), Vietnam ($79.5M), Germany ($49.2M), and Turkey ($38.9M).

In 2023, China imported $821M in Knitting Machine Accessories, mainly from Germany ($189M), Singapore ($151M), Czechia ($60.7M), Switzerland ($59.7M), and Italy ($58.2M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Knitting Machine Accessories EXPORT MARKETS FOR China WERE (2022 - 2023):
India$38.8M (23.3%)
Vietnam$14M (21.4%)
Japan$11.4M (15.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knitting Machine Accessories BY China WERE (2022 - 2023):
Germany-$49.4M (-50.1%)
Belgium-$17.3M (-32%)
Italy-$17.3M (-40%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, China's main exporting competitors in Knitting Machine Accessories were:
Germany $971M
Czechia $360M
In 2023, China's main importing competitors in Knitting Machine Accessories were:
India $539M
Germany $429M

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Trade Value of Knitting Machine Accessories by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $58.8M
TOP IMPORT POTENTIALIndia+ $21.5M

Knitting Machine Accessories’s highest export potential is India. With an export gap of $58.8M.   Knitting Machine Accessories’s highest import potential is India with an import gap of $21.5M.

See methodology.

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