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2022
Exports $1.28BWorld Rnk 1 / 120
Flag Rnk 384 / 1216
2022
Destination $60.1M India
2021 - 2022
FASTEST GROWING MARKET $60.1MIndia
2022
PRODUCT COMPLEXITY IN Knitting Machines1.1Rnk 135 / 1025
2022
Imports $94.6MWorld Rnk 8 / 191
Flag Rnk 662 / 1212
2022
Origin $2.26M Japan
2021 - 2022
FASTEST GROWING ORIGIN $2.26MTurkey
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $1.28B in Knitting Machines, making it the 1st largest exporter of Knitting Machines in the world. At the same year, Knitting Machines was the 384th most exported product in China. The main destination of Knitting Machines exports from China are: India ($308M), Bangladesh ($138M), Vietnam ($120M), Turkey ($90.8M), and Pakistan ($67.3M).

The fastest growing export markets for Knitting Machines of China between 2021 and 2022 were India ($60.1M), Bangladesh ($48.8M), and United States ($25.2M).

Imports In 2022, China imported $94.6M in Knitting Machines, becoming the 8th largest importer of Knitting Machines in the world. At the same year, Knitting Machines was the 662nd most imported product in China. China imports Knitting Machines primarily from: Japan ($43.2M), Germany ($23.7M), Italy ($13.8M), Chinese Taipei ($4.56M), and Hong Kong ($3.66M).

The fastest growing import markets in Knitting Machines for China between 2021 and 2022 were Turkey ($2.26M), Hong Kong ($1.03M), and Sri Lanka ($481k).

COMPANIES In 2023, leading companies such as CrimsonLogic (30), TE Connectivity (8), and At Home Procurement (7) were at the forefront of shipping Knitting Machines from China to the United States.

Latest Trends

October 2024

About

Overview In October 2024 China's Knitting Machines exports accounted up to $132M and imports accounted up to $2.79M, resulting in a positive trade balance of $129M. Between October 2023 and October 2024 the exports of China's   Knitting Machines have increased by $39.8M (43.1%) from $92.4M to $132M, while imports decreased by $-5.14M (-64.8%) from $7.93M to $2.79M.

Destinations In October 2024, Knitting Machines were exported mostly to India ($42M), Vietnam ($16.1M), Pakistan ($12.9M), Bangladesh ($7.35M), and Egypt ($4.9M), and were imported mostly from Japan ($2.09M), Germany ($582k), Chinese Taipei ($72k), China ($40k), and Vietnam ($9.91k).

Growth In October 2024, the increase in Knitting Machines's year-by-year exports was explained primarily by an increase in exports to United States ($2.89M or 71%), Russia ($2.88M or 248%), and Algeria ($1.79M or 203%). In October 2024, the decrease in Knitting Machines's year-by-year imports was explained primarily by a decrease in imports from Germany ($-3.76M or -56.9%), Japan ($-2.08M or -58.3%), and Chinese Taipei ($-379k or -97.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$39.8M(43.1%)
IMPORT GROWTH (October 2023 - October 2024)$-5.14M(-64.8%)
MAIN EXPORTER (October 2024)Zhejiang Province$83.4M
MAIN DESTINATION (October 2024)India$42M

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 (2022)$1.28B
IMPORTS (2022)$94.6M
NET TRADE (2022)$1.18B

In 2022, China exported $1.28B in Knitting Machines. The main destinations of China exports on Knitting Machines were India ($308M), Bangladesh ($138M), Vietnam ($120M), Turkey ($90.8M), and Pakistan ($67.3M).

In 2022, China imported $94.6M in Knitting Machines, mainly from Japan ($43.2M), Germany ($23.7M), Italy ($13.8M), Chinese Taipei ($4.56M), and Hong Kong ($3.66M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knitting Machines EXPORT MARKETS FOR China WERE (2021 - 2022):
India$60.1M (24.3%)
Bangladesh$48.8M (54.7%)
United States$25.2M (74.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knitting Machines BY China WERE (2021 - 2022):
Pakistan-$30.6M (-31.3%)
Turkey-$15.7M (-14.7%)
Chinese Taipei-$6.65M (-41.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Knitting Machines were:
Japan $411M
Germany $358M
In 2022, China's main importing competitors in Knitting Machines were:
India $442M
Turkey $348M
Bangladesh $239M

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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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