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2023
Exports $1.1BWorld Rnk 1 / 119
Flag Rnk 400 / 1215
2023
Destination $17.1M India
2022 - 2023
FASTEST GROWING MARKET $17.1MIndonesia
2023
PRODUCT COMPLEXITY IN Knitting Machines1.06Rnk 157 / 1025
2023
Imports $95.3MWorld Rnk 6 / 188
Flag Rnk 646 / 1214
2023
Origin $4.77M Japan
2022 - 2023
FASTEST GROWING ORIGIN $4.77MSwitzerland
2023
ECONOMIC COMPLEXITY of China1.16Rnk 21 / 132

About

Exports In 2023, China exported $1.1B in Knitting Machines, making it the 1st largest exporter of Knitting Machines in the world. At the same year, Knitting Machines was the 400th most exported product in China. The main destination of Knitting Machines exports from China are: India ($297M), Bangladesh ($91.4M), Vietnam ($91.2M), Turkey ($66.3M), and Indonesia ($50M).

The fastest growing export markets for Knitting Machines of China between 2022 and 2023 were Indonesia ($17.1M), Cambodia ($11.8M), and Algeria ($8.31M).

Imports In 2023, China imported $95.3M in Knitting Machines, becoming the 6th largest importer of Knitting Machines in the world. At the same year, Knitting Machines was the 646th most imported product in China. China imports Knitting Machines primarily from: Japan ($47.8M), Germany ($26.2M), Italy ($9.47M), Switzerland ($4.77M), and Chinese Taipei ($2.12M).

The fastest growing import markets in Knitting Machines for China between 2022 and 2023 were Switzerland ($4.77M), Czechia ($930k), and Indonesia ($629k).

COMPANIES In 2024, leading companies such as Medical Depot (13), MerchSource (8), and Dollarama (4) were at the forefront of shipping Knitting Machines from China to the United States.

Latest Trends

December 2024

About

Overview In December 2024 China's Knitting Machines exports accounted up to $138M and imports accounted up to $5.42M, resulting in a positive trade balance of $133M. Between December 2023 and December 2024 the exports of China's   Knitting Machines have increased by $19.5M (16.4%) from $119M to $138M, while imports increased by $186k (3.56%) from $5.23M to $5.42M.

Destinations In December 2024, Knitting Machines were exported mostly to India ($39.1M), Bangladesh ($13.2M), Pakistan ($13M), Vietnam ($11.9M), and Cambodia ($7.88M), and were imported mostly from Germany ($3.41M), Japan ($1.42M), Austria ($413k), Chinese Taipei ($96.6k), and United Kingdom ($42.3k).

Growth In December 2024, the increase in Knitting Machines's year-by-year exports was explained primarily by an increase in exports to India ($9.49M or 36%), Bangladesh ($7.96M or 104%), and Vietnam ($6.95M or 98%). In December 2024, the increase in Knitting Machines's year-by-year imports was explained primarily by an increase in imports from Japan ($2.5M or 168%), Chinese Taipei ($44.2k or 405%), and China ($6.33k or 50.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$19.5M(16.4%)
IMPORT GROWTH (December 2023 - December 2024)$186k(3.56%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)India$39.1M

This section shows Knitting Machines'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 Machines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.1B
IMPORTS (2023)$95.3M
NET TRADE (2023)$1B

In 2023, China exported $1.1B in Knitting Machines. The main destinations of China exports on Knitting Machines were India ($297M), Bangladesh ($91.4M), Vietnam ($91.2M), Turkey ($66.3M), and Indonesia ($50M).

In 2023, China imported $95.3M in Knitting Machines, mainly from Japan ($47.8M), Germany ($26.2M), Italy ($9.47M), Switzerland ($4.77M), and Chinese Taipei ($2.12M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Knitting Machines EXPORT MARKETS FOR China WERE (2022 - 2023):
Indonesia$17.1M (52%)
Cambodia$11.8M (71.4%)
Algeria$8.31M (71.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knitting Machines BY China WERE (2022 - 2023):
Bangladesh-$46.7M (-33.8%)
Turkey-$29.1M (-30.5%)
Pakistan-$27.8M (-51.9%)
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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 Machines were:
Japan $420M
Germany $304M
In 2023, China's main importing competitors in Knitting Machines were:
India $410M
Turkey $233M
United States $215M

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Trade Value of Knitting Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $25.5M
TOP IMPORT POTENTIALItaly+ $1.98M

Knitting Machines’s highest export potential is India. With an export gap of $25.5M.   Knitting Machines’s highest import potential is Italy with an import gap of $1.98M.

See methodology.

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