2023
Exports
$420MWorld Rnk 2 / 119
Flag Rnk 215 / 1209
2023
PRODUCT COMPLEXITY IN Knitting Machines
1.06Rnk 157 / 1025
2023
Imports
$16.9MWorld Rnk 25 / 188
Flag Rnk 908 / 1209
2023
ECONOMIC COMPLEXITY of Japan
2.07Rnk 1 / 132

About

Exports In 2023, Japan exported $420M in Knitting Machines, making it the 2nd largest exporter of Knitting Machines in the world. At the same year, Knitting Machines was the 215th most exported product in Japan. The main destination of Knitting Machines exports from Japan are: United States ($89.1M), China ($47.8M), Turkey ($40.9M), Italy ($35.7M), and India ($26.2M).

The fastest growing export markets for Knitting Machines of Japan between 2022 and 2023 were India ($14M), Hong Kong ($3.56M), and Vietnam ($3.45M).

Imports In 2023, Japan imported $16.9M in Knitting Machines, becoming the 25th largest importer of Knitting Machines in the world. At the same year, Knitting Machines was the 908th most imported product in Japan. Japan imports Knitting Machines primarily from: China ($5.17M), Chinese Taipei ($3.58M), Germany ($3.19M), Italy ($2.82M), and South Korea ($685k).

The fastest growing import markets in Knitting Machines for Japan between 2022 and 2023 were Italy ($1.55M), Chinese Taipei ($629k), and Thailand ($500k).

Latest Trends

November 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)¥-934M(-25.2%)
IMPORT GROWTH (November 2023 - November 2024)¥72.7M(65.9%)
MAIN EXPORTER (November 2024)Wakayama¥3.19B
MAIN DESTINATION (November 2024)Vietnam¥544M

This section shows Knitting Machines's exports and imports data at subnational level for Japan. 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)$420M
IMPORTS (2023)$16.9M
NET TRADE (2023)$403M

In 2023, Japan exported $420M in Knitting Machines. The main destinations of Japan exports on Knitting Machines were United States ($89.1M), China ($47.8M), Turkey ($40.9M), Italy ($35.7M), and India ($26.2M).

In 2023, Japan imported $16.9M in Knitting Machines, mainly from China ($5.17M), Chinese Taipei ($3.58M), Germany ($3.19M), Italy ($2.82M), and South Korea ($685k).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Knitting Machines EXPORT MARKETS FOR Japan WERE (2022 - 2023):
India$14M (115%)
Hong Kong$3.56M (216%)
Vietnam$3.45M (17.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knitting Machines BY Japan WERE (2022 - 2023):
Turkey-$20.3M (-33.2%)
Bangladesh-$19.2M (-42.6%)
Italy-$11.2M (-24%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Japan's main exporting competitors in Knitting Machines were:
In 2023, Japan's main importing competitors in Knitting Machines were:

Explore Visualizations

Trade Value of Knitting Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $7.75M
TOP IMPORT POTENTIALChina+ $3.82M

Knitting Machines’s highest export potential is India. With an export gap of $7.75M.   Knitting Machines’s highest import potential is China with an import gap of $3.82M.

See methodology.

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