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2023
Exports $1.57BWorld Rnk 1 / 174
Flag Rnk 326 / 1215
2023
Destination $37.3M South Korea
2022 - 2023
FASTEST GROWING MARKET $37.3MVietnam
2023
PRODUCT COMPLEXITY IN Textile Processing Machines1.18Rnk 111 / 1025
2023
Imports $316MWorld Rnk 5 / 219
Flag Rnk 421 / 1214
2023
Origin $6.51M Chinese Taipei
2022 - 2023
FASTEST GROWING ORIGIN $6.51MSwitzerland
2023
ECONOMIC COMPLEXITY of China1.16Rnk 21 / 132

About

Exports In 2023, China exported $1.57B in Textile Processing Machines, making it the 1st largest exporter of Textile Processing Machines in the world. At the same year, Textile Processing Machines was the 326th most exported product in China. The main destination of Textile Processing Machines exports from China are: South Korea ($186M), Vietnam ($166M), United States ($117M), Russia ($70M), and India ($63.4M).

The fastest growing export markets for Textile Processing Machines of China between 2022 and 2023 were Vietnam ($37.3M), Russia ($26.8M), and Netherlands ($14.3M).

Imports In 2023, China imported $316M in Textile Processing Machines, becoming the 5th largest importer of Textile Processing Machines in the world. At the same year, Textile Processing Machines was the 421st most imported product in China. China imports Textile Processing Machines primarily from: Chinese Taipei ($56.4M), Germany ($56M), Italy ($46.9M), South Korea ($40.7M), and Poland ($32.3M).

The fastest growing import markets in Textile Processing Machines for China between 2022 and 2023 were Switzerland ($6.51M), Hong Kong ($6.14M), and Norway ($3.62M).

COMPANIES In 2024, leading companies such as CrimsonLogic (1.84k), Amazon (198), and Samsung (143) were at the forefront of shipping Textile Processing Machines from China to the United States.

Latest Trends

December 2024

About

Overview In December 2024 China's Textile Processing Machines exports accounted up to $176M and imports accounted up to $26.5M, resulting in a positive trade balance of $150M. Between December 2023 and December 2024 the exports of China's   Textile Processing Machines have increased by $46.5M (35.9%) from $130M to $176M, while imports increased by $2.88M (12.2%) from $23.6M to $26.5M.

Destinations In December 2024, Textile Processing Machines were exported mostly to Vietnam ($19.9M), United States ($14M), India ($8.22M), Poland ($7.83M), and Indonesia ($7.05M), and were imported mostly from South Korea ($7.64M), Italy ($3.39M), Chinese Taipei ($3.33M), France ($2.73M), and Switzerland ($1.7M).

Growth In December 2024, the increase in Textile Processing Machines's year-by-year exports was explained primarily by an increase in exports to Vietnam ($14M or 284%), India ($4M or 61.9%), and Pakistan ($3.41M or 274%). In December 2024, the increase in Textile Processing Machines's year-by-year imports was explained primarily by an increase in imports from South Korea ($538k or 19.6%), Japan ($357k or 79.5%), and Hungary ($209k or 1.03k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$46.5M(35.9%)
IMPORT GROWTH (December 2023 - December 2024)$2.88M(12.2%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)Vietnam$19.9M

This section shows Textile Processing 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 Textile Processing Machines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.57B
IMPORTS (2023)$316M
NET TRADE (2023)$1.26B

In 2023, China exported $1.57B in Textile Processing Machines. The main destinations of China exports on Textile Processing Machines were South Korea ($186M), Vietnam ($166M), United States ($117M), Russia ($70M), and India ($63.4M).

In 2023, China imported $316M in Textile Processing Machines, mainly from Chinese Taipei ($56.4M), Germany ($56M), Italy ($46.9M), South Korea ($40.7M), and Poland ($32.3M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Textile Processing Machines EXPORT MARKETS FOR China WERE (2022 - 2023):
Vietnam$37.3M (29.1%)
Russia$26.8M (61.9%)
Netherlands$14.3M (104%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Textile Processing Machines BY China WERE (2022 - 2023):
South Korea-$98.3M (-34.5%)
Bangladesh-$34.1M (-41.6%)
Pakistan-$23.5M (-67.6%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, China's main exporting competitors in Textile Processing Machines were:
South Korea $961M
Germany $959M
In 2023, China's main importing competitors in Textile Processing Machines were:
United States $1.8B
Germany $737M
Canada $356M

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Trade Value of Textile Processing Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $66.2M
TOP IMPORT POTENTIALSouth Korea+ $21.8M

Textile Processing Machines’s highest export potential is United States. With an export gap of $66.2M.   Textile Processing Machines’s highest import potential is South Korea with an import gap of $21.8M.

See methodology.

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