2022
Exports
$8.27MWorld Rnk 17 / 120
Flag Rnk 519 / 1177
2022
PRODUCT COMPLEXITY IN Knitting Machines
1.1Rnk 135 / 1025
2022
Imports
$10.6MWorld Rnk 45 / 191
Flag Rnk 700 / 1207
2022
ECONOMIC COMPLEXITY of Hong Kong
1.18Rnk 21 / 133

About

Exports In 2022, Hong Kong exported $8.27M in Knitting Machines, making it the 17th largest exporter of Knitting Machines in the world. At the same year, Knitting Machines was the 519th most exported product in Hong Kong. The main destination of Knitting Machines exports from Hong Kong are: China ($3.66M), India ($2.04M), Bangladesh ($430k), Vietnam ($298k), and South Korea ($210k).

The fastest growing export markets for Knitting Machines of Hong Kong between 2021 and 2022 were China ($1.03M), Bangladesh ($430k), and India ($402k).

Imports In 2022, Hong Kong imported $10.6M in Knitting Machines, becoming the 45th largest importer of Knitting Machines in the world. At the same year, Knitting Machines was the 700th most imported product in Hong Kong. Hong Kong imports Knitting Machines primarily from: Germany ($5.21M), China ($2.45M), Japan ($1.16M), India ($513k), and Italy ($407k).

The fastest growing import markets in Knitting Machines for Hong Kong between 2021 and 2022 were Germany ($3.5M), China ($559k), and Japan ($414k).

COMPANIES In 2023, leading companies such as John Deere (1) were at the forefront of shipping Knitting Machines from Hong Kong to the United States.

Latest Trends

Oct 2024

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 Machines. 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 (2022)$8.27M
IMPORTS (2022)$10.6M
NET TRADE (2022)-$2.29M

In 2022, Hong Kong exported $8.27M in Knitting Machines. The main destinations of Hong Kong exports on Knitting Machines were China ($3.66M), India ($2.04M), Bangladesh ($430k), Vietnam ($298k), and South Korea ($210k).

In 2022, Hong Kong imported $10.6M in Knitting Machines, mainly from Germany ($5.21M), China ($2.45M), Japan ($1.16M), India ($513k), and Italy ($407k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knitting Machines EXPORT MARKETS FOR Hong Kong WERE (2021 - 2022):
China$1.03M (39.1%)
Bangladesh$430k (1%)
India$402k (24.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knitting Machines BY Hong Kong WERE (2021 - 2022):
Cambodia-$752k (-81%)
Indonesia-$543k (-93.3%)
Italy-$399k (-70%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hong Kong's main exporting competitors in Knitting Machines were:
China $1.28B
Japan $411M
In 2022, Hong Kong's main importing competitors in Knitting Machines were:

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Trade Value of Knitting Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $841k
TOP IMPORT POTENTIALChina+ $2.45M

Knitting Machines’s highest export potential is China. With an export gap of $841k.   Knitting Machines’s highest import potential is China with an import gap of $2.45M.

See methodology.

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