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844711 (Harmonized System 1992 for 6-digit)

2023
World Trade $231MRnk 3560 / 4644
2023
Top Exporter | Top Importer $103M | $36.6MItaly | Turkey
2023
Product Complexity 0.15Rnk 2276 / 4656
2022 - 2023
Export Growth (CAGR) -17.1%Rnk 3431 / 4644
2023
Share of World Trade 0.001%Rnk 3560 / 4644

About

Overview This page contains the latest trade data of Circular knitting machines, diameter < 165 mm. In 2023, Circular knitting machines, diameter < 165 mm were the world's 3560th most traded product, with a total trade of $231M. Between 2022 and 2023 the exports of Circular knitting machines, diameter < 165 mm decreased by -17.1%, from $279M to $231M. Trade in Circular knitting machines, diameter < 165 mm represent 0.001% of total world trade.

Circular knitting machines, diameter < 165 mm are a part of Knitting Machines.

Exports In 2023 the top exporters of Circular knitting machines, diameter < 165 mm  were Italy ($103M), China ($83.1M), Germany ($16.2M), Japan ($4.21M), and Chinese Taipei ($3.55M).

Imports In 2023 the top importers of Circular knitting machines, diameter < 165 mm were Turkey ($36.6M), India ($22.8M), Uzbekistan ($11.1M), China ($10.4M), and Vietnam ($10.3M).

Ranking Circular knitting machines, diameter < 165 mm ranks 2276th in the Product Complexity Index (PCI).

Description Circular knitting machines are used to produce circular knitting at a high speed. Circular knitting machines are used to knit socks, gloves, hats, sweaters, cardigans and other garments.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Circular knitting machines, diameter < 165 mm. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)Italy$103M
Top Destination (2023)Turkey$36.6M

In 2023 Circular knitting machines, diameter < 165 mm were the world's 3560th most traded product (out of 4,644).

In 2023, the top exporters of Circular knitting machines, diameter < 165 mm were Italy ($103M), China ($83.1M), Germany ($16.2M), Japan ($4.21M), and Chinese Taipei ($3.55M).

In 2023, the top importers of Circular knitting machines, diameter < 165 mm were Turkey ($36.6M), India ($22.8M), Uzbekistan ($11.1M), China ($10.4M), and Vietnam ($10.3M).

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Exporters of Circular knitting machines, diameter < 165 mm (2023)
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Importers of Circular knitting machines, diameter < 165 mm (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)China$12.6M
Top Destination Growth (2022 -  2023)Uzbekistan$3.93M

Between 2022 and 2023, the exports of Circular knitting machines, diameter < 165 mm grew the fastest in China ($12.6M), Japan ($3.51M), Bulgaria ($1.93M), Honduras ($1.23M), and Germany ($1.07M).

Between 2022 and 2023, the fastest growing importers of Circular knitting machines, diameter < 165 mm were Uzbekistan ($3.93M), Cambodia ($3.49M), Burma ($2.64M), Slovakia ($1.88M), and Romania ($1.77M).

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Exporters of Circular knitting machines, diameter < 165 mm (2022 - 2023)

Importers of Circular knitting machines, diameter < 165 mm (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Circular knitting machines, diameter < 165 mm.

In 2023, market concentration measured using Shannon Entropy, was 2.21. This means that most of the exports of Circular knitting machines, diameter < 165 mm are explained by 4 countries.

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Value of Exports in Circular knitting machines, diameter < 165 mm

Net Trade

TOP NET EXPORTER (2023)Italy$100M
TOP NET IMPORTER (2023)Turkey$33.6M

This map shows which countries export or import more of Circular knitting machines, diameter < 165 mm. Each country is colored based on the difference in exports and imports of Circular knitting machines, diameter < 165 mm during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Circular knitting machines, diameter < 165 mm were Italy ($100M), China ($72.8M), Germany ($12.3M), Bulgaria ($1.92M), and Chinese Taipei ($1.56M).

In 2023, the countries that had a largest trade value in imports than in exports of Circular knitting machines, diameter < 165 mm were Turkey ($33.6M), India ($22.5M), Uzbekistan ($11.1M), Vietnam ($10.3M), and Pakistan ($7.13M).

Net Trade (2023)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Circular knitting machines, diameter < 165 mm.
It is possible to select the main countries that export or import Circular knitting machines, diameter < 165 mm in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Circular knitting machines, diameter < 165 mm by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2023)

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