2023
Exports
$170MWorld Rnk 10 / 160
Flag Rnk 98 / 1213
2023
PRODUCT COMPLEXITY IN Knitting Machine Accessories
1.38Rnk 66 / 1025
2023
Imports
$30.4MWorld Rnk 29 / 202
Flag Rnk 468 / 1211
2023
ECONOMIC COMPLEXITY of Portugal
0.57Rnk 42 / 132

About

Exports In 2023, Portugal exported $170M in Knitting Machine Accessories, making it the 10th largest exporter of Knitting Machine Accessories in the world. At the same year, Knitting Machine Accessories was the 98th most exported product in Portugal. The main destination of Knitting Machine Accessories exports from Portugal are: Singapore ($54.6M), China ($49.1M), Germany ($31.4M), Turkey ($8.32M), and United States ($6.08M).

The fastest growing export markets for Knitting Machine Accessories of Portugal between 2022 and 2023 were Germany ($2.77M), India ($2.48M), and Canada ($928k).

Imports In 2023, Portugal imported $30.4M in Knitting Machine Accessories, becoming the 29th largest importer of Knitting Machine Accessories in the world. At the same year, Knitting Machine Accessories was the 468th most imported product in Portugal. Portugal imports Knitting Machine Accessories primarily from: Germany ($14.5M), Spain ($3.51M), France ($2.71M), Italy ($2.06M), and Switzerland ($1.65M).

The fastest growing import markets in Knitting Machine Accessories for Portugal between 2022 and 2023 were Germany ($1.86M), Switzerland ($969k), and Poland ($753k).

Latest Trends

Jan 2025

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Knitting Machine Accessories. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$170M
IMPORTS (2023)$30.4M
NET TRADE (2023)$140M

In 2023, Portugal exported $170M in Knitting Machine Accessories. The main destinations of Portugal exports on Knitting Machine Accessories were Singapore ($54.6M), China ($49.1M), Germany ($31.4M), Turkey ($8.32M), and United States ($6.08M).

In 2023, Portugal imported $30.4M in Knitting Machine Accessories, mainly from Germany ($14.5M), Spain ($3.51M), France ($2.71M), Italy ($2.06M), and Switzerland ($1.65M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Knitting Machine Accessories EXPORT MARKETS FOR Portugal WERE (2022 - 2023):
Germany$2.77M (9.67%)
India$2.48M (444%)
Canada$928k (262%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knitting Machine Accessories BY Portugal WERE (2022 - 2023):
Singapore-$8.84M (-13.9%)
Vietnam-$3.38M (-100%)
Spain-$1.54M (-84.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Portugal's main exporting competitors in Knitting Machine Accessories were:
In 2023, Portugal's main importing competitors in Knitting Machine Accessories were:

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Trade Value of Knitting Machine Accessories by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3.05M
TOP IMPORT POTENTIALChina+ $908k

Knitting Machine Accessories’s highest export potential is United States. With an export gap of $3.05M.   Knitting Machine Accessories’s highest import potential is China with an import gap of $908k.

See methodology.

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