2022
Exports
$404MWorld Rnk 8 / 176
Flag Rnk 438 / 1217
2022
PRODUCT COMPLEXITY IN Textile Processing Machines
1.32Rnk 91 / 1025
2022
Imports
$1.83BWorld Rnk 1 / 216
Flag Rnk 263 / 1216
2022
ECONOMIC COMPLEXITY of United States
1.47Rnk 10 / 133

About

Exports In 2022, United States exported $404M in Textile Processing Machines, making it the 8th largest exporter of Textile Processing Machines in the world. At the same year, Textile Processing Machines was the 438th most exported product in United States. The main destination of Textile Processing Machines exports from United States are: Canada ($112M), Mexico ($55.7M), Honduras ($21.7M), Australia ($16.3M), and Indonesia ($12.7M).

The fastest growing export markets for Textile Processing Machines of United States between 2021 and 2022 were Indonesia ($8.02M), Australia ($6.49M), and Colombia ($4.6M).

Imports In 2022, United States imported $1.83B in Textile Processing Machines, becoming the 1st largest importer of Textile Processing Machines in the world. At the same year, Textile Processing Machines was the 263rd most imported product in United States. United States imports Textile Processing Machines primarily from: Mexico ($717M), South Korea ($595M), China ($126M), Germany ($78.1M), and Italy ($49.2M).

The fastest growing import markets in Textile Processing Machines for United States between 2021 and 2022 were Czechia ($24M), Germany ($18M), and Spain ($8.6M).

COMPANIES In 2023, leading companies such as LG Electronics (3.23k), Samsung (2.54k), and Goplus (160) were at the forefront of shipping Textile Processing Machines to the United States.

Latest Trends

June 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-5.74M(-18%)
IMPORT GROWTH (June 2023 - June 2024)$-33.9M(-17.1%)
MAIN EXPORTER (June 2024)Ohio$8.13M
MAIN DESTINATION (June 2024)Canada$10.4M

This section shows Textile Processing 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 Textile Processing Machines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$404M
IMPORTS (2022)$1.83B
NET TRADE (2022)-$1.42B

In 2022, United States exported $404M in Textile Processing Machines. The main destinations of United States exports on Textile Processing Machines were Canada ($112M), Mexico ($55.7M), Honduras ($21.7M), Australia ($16.3M), and Indonesia ($12.7M).

In 2022, United States imported $1.83B in Textile Processing Machines, mainly from Mexico ($717M), South Korea ($595M), China ($126M), Germany ($78.1M), and Italy ($49.2M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Textile Processing Machines EXPORT MARKETS FOR United States WERE (2021 - 2022):
Indonesia$8.02M (173%)
Australia$6.49M (66%)
Colombia$4.6M (208%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Textile Processing Machines BY United States WERE (2021 - 2022):
Mexico-$5.88M (-9.56%)
Canada-$5.73M (-4.86%)
Cayman Islands-$2.91M (-79%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Textile Processing Machines were:
In 2022, United States's main importing competitors in Textile Processing Machines were:

Explore Visualizations

Trade Value of Textile Processing Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $6.8M
TOP IMPORT POTENTIALChina+ $66.2M

Textile Processing Machines’s highest export potential is China. With an export gap of $6.8M.   Textile Processing Machines’s highest import potential is China with an import gap of $66.2M.

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