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2022
Exports $1.79BWorld Rnk 1 / 176
Flag Rnk 315 / 1216
2022
Destination $26.4M South Korea
2021 - 2022
FASTEST GROWING MARKET $26.4MMalaysia
2022
PRODUCT COMPLEXITY IN Textile Processing Machines1.32Rnk 91 / 1025
2022
Imports $419MWorld Rnk 3 / 216
Flag Rnk 388 / 1212
2022
Origin $7.83M Poland
2021 - 2022
FASTEST GROWING ORIGIN $7.83MGermany
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $1.79B 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 315th most exported product in China. The main destination of Textile Processing Machines exports from China are: South Korea ($281M), Vietnam ($146M), United States ($126M), Bangladesh ($81.9M), and India ($71.6M).

The fastest growing export markets for Textile Processing Machines of China between 2021 and 2022 were Malaysia ($26.4M), Australia ($20.9M), and Russia ($16.6M).

Imports In 2022, China imported $419M in Textile Processing Machines, becoming the 3rd largest importer of Textile Processing Machines in the world. At the same year, Textile Processing Machines was the 388th most imported product in China. China imports Textile Processing Machines primarily from: Poland ($88.6M), Chinese Taipei ($85.7M), Italy ($60.8M), Germany ($59.2M), and South Korea ($43.6M).

The fastest growing import markets in Textile Processing Machines for China between 2021 and 2022 were Germany ($7.83M), Hong Kong ($2.25M), and United States ($1.62M).

COMPANIES In 2023, leading companies such as Goplus (160), CrimsonLogic (120), and Hongkong Xin Jie Technology (119) were at the forefront of shipping Textile Processing Machines from China to the United States.

Latest Trends

October 2024

About

Overview In October 2024 China's Textile Processing Machines exports accounted up to $158M and imports accounted up to $23.8M, resulting in a positive trade balance of $135M. Between October 2023 and October 2024 the exports of China's   Textile Processing Machines have increased by $48.8M (44.6%) from $109M to $158M, while imports increased by $6.6M (38.5%) from $17.2M to $23.8M.

Destinations In October 2024, Textile Processing Machines were exported mostly to Vietnam ($15.2M), United States ($10.7M), South Korea ($7.43M), India ($7.18M), and Russia ($6.61M), and were imported mostly from South Korea ($6.54M), Germany ($5.34M), Chinese Taipei ($2.44M), Poland ($2.09M), and France ($2.08M).

Growth In October 2024, the increase in Textile Processing Machines's year-by-year exports was explained primarily by an increase in exports to United States ($3.35M or 32.5%), Russia ($2.64M or 130%), and Colombia ($2.19M or 2.15k%). In October 2024, the increase in Textile Processing Machines's year-by-year imports was explained primarily by an increase in imports from Czechia ($1.71M or 527%), United Kingdom ($151k or 12k%), and Spain ($146k or 594%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$48.8M(44.6%)
IMPORT GROWTH (October 2023 - October 2024)$6.6M(38.5%)
MAIN EXPORTER (October 2024)Jiangsu Province$62.1M
MAIN DESTINATION (October 2024)Vietnam$15.2M

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 (2022)$1.79B
IMPORTS (2022)$419M
NET TRADE (2022)$1.37B

In 2022, China exported $1.79B in Textile Processing Machines. The main destinations of China exports on Textile Processing Machines were South Korea ($281M), Vietnam ($146M), United States ($126M), Bangladesh ($81.9M), and India ($71.6M).

In 2022, China imported $419M in Textile Processing Machines, mainly from Poland ($88.6M), Chinese Taipei ($85.7M), Italy ($60.8M), Germany ($59.2M), and South Korea ($43.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Textile Processing Machines EXPORT MARKETS FOR China WERE (2021 - 2022):
Malaysia$26.4M (93%)
Australia$20.9M (48.2%)
Russia$16.6M (62.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Textile Processing Machines BY China WERE (2021 - 2022):
South Korea-$90.6M (-24.4%)
United States-$38M (-23.2%)
Chile-$14M (-42.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Textile Processing Machines were:
South Korea $1.01B
Poland $976M
In 2022, China's main importing competitors in Textile Processing Machines were:
United States $1.83B
Germany $801M

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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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