2022
Exports
$73.8MWorld Rnk 6 / 120
Flag Rnk 801 / 1217
2022
PRODUCT COMPLEXITY IN Knitting Machines
1.1Rnk 135 / 1025
2022
Imports
$232MWorld Rnk 4 / 191
Flag Rnk 728 / 1216
2022
ECONOMIC COMPLEXITY of United States
1.47Rnk 10 / 133

About

Exports In 2022, United States exported $73.8M in Knitting Machines, making it the 6th largest exporter of Knitting Machines in the world. At the same year, Knitting Machines was the 801st most exported product in United States. The main destination of Knitting Machines exports from United States are: Honduras ($10.5M), Mexico ($9.89M), Bangladesh ($8.21M), United Kingdom ($5.94M), and Canada ($5.82M).

The fastest growing export markets for Knitting Machines of United States between 2021 and 2022 were Bangladesh ($7.55M), Honduras ($4.59M), and United Kingdom ($3.23M).

Imports In 2022, United States imported $232M in Knitting Machines, becoming the 4th largest importer of Knitting Machines in the world. At the same year, Knitting Machines was the 728th most imported product in United States. United States imports Knitting Machines primarily from: Japan ($76.9M), China ($59.2M), Chinese Taipei ($30.5M), Germany ($21.5M), and Vietnam ($11.2M).

The fastest growing import markets in Knitting Machines for United States between 2021 and 2022 were China ($25.2M), Japan ($14.4M), and Vietnam ($3.03M).

COMPANIES In 2023, leading companies such as CONTINENTAL AUTOMOTIVE SYSTEMS, INC (102), ZF Friedrichshafen (80), and CrimsonLogic (30) were at the forefront of shipping Knitting Machines to the United States.

Latest Trends

August 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$-2.91M(-56.6%)
IMPORT GROWTH (August 2023 - August 2024)$-5.56M(-27.3%)
MAIN EXPORTER (August 2024)Delaware$2.85M
MAIN DESTINATION (August 2024)Canada$525k

This section shows Knitting Machines's exports and imports data at subnational level for United States. 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)$73.8M
IMPORTS (2022)$232M
NET TRADE (2022)-$158M

In 2022, United States exported $73.8M in Knitting Machines. The main destinations of United States exports on Knitting Machines were Honduras ($10.5M), Mexico ($9.89M), Bangladesh ($8.21M), United Kingdom ($5.94M), and Canada ($5.82M).

In 2022, United States imported $232M in Knitting Machines, mainly from Japan ($76.9M), China ($59.2M), Chinese Taipei ($30.5M), Germany ($21.5M), and Vietnam ($11.2M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knitting Machines EXPORT MARKETS FOR United States WERE (2021 - 2022):
Bangladesh$7.55M (1.14k%)
Honduras$4.59M (77.7%)
United Kingdom$3.23M (120%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knitting Machines BY United States WERE (2021 - 2022):
Mexico-$4.15M (-29.6%)
India-$3.48M (-79.1%)
Australia-$2.09M (-76.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Knitting Machines were:
China $1.28B
Japan $411M
In 2022, United States'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+ $1.83M
TOP IMPORT POTENTIALChina+ $14M

Knitting Machines’s highest export potential is India. With an export gap of $1.83M.   Knitting Machines’s highest import potential is China with an import gap of $14M.

See methodology.

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