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Pricing

Machinery; for manufacture or finishing felt or non-wovens in the piece or in shapes, including machinery for making felt hats, blocks for making hats

8449 (Harmonized System 1992 for 4-digit)

2023
World Trade $774MRnk 970 / 1217
2023
Top Exporter | Top Importer $241M | $113MGermany | United States
2023
Product Complexity 1.47Rnk 51 / 1044
2022 - 2023
Export Growth (CAGR) -34.6%Rnk 1176 / 1217
2023
Share of World Trade 0.0034%Rnk 970 / 1217

About

Overview This page contains the latest trade data of Felt Machinery. In 2023, Felt Machinery were the world's 970th most traded product, with a total trade of $774M. Between 2022 and 2023 the exports of Felt Machinery decreased by -34.6%, from $1.18B to $774M. Trade in Felt Machinery represent 0.0034% of total world trade.

Felt Machinery are a part of Machinery, mechanical appliances, & parts. They include Machinery for making felt, nonwovens, including hats.

Exports In 2023 the top exporters of Felt Machinery  were Germany ($241M), China ($202M), Italy ($73.8M), Portugal ($63.8M), and France ($59.2M).

Imports In 2023 the top importers of Felt Machinery were United States ($113M), China ($74.1M), Algeria ($54.4M), Turkey ($45M), and India ($42.8M).

Ranking Felt Machinery ranks 51st in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Felt Machinery. 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)Germany$241M
Top Destination (2023)United States$113M

In 2023 Felt Machinery were the world's 970th most traded product (out of 1,217).

In 2023, the top exporters of Felt Machinery were Germany ($241M), China ($202M), Italy ($73.8M), Portugal ($63.8M), and France ($59.2M).

In 2023, the top importers of Felt Machinery were United States ($113M), China ($74.1M), Algeria ($54.4M), Turkey ($45M), and India ($42.8M).

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Exporters of Felt Machinery (2023)
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Importers of Felt Machinery (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Austria$11.3M
Top Destination Growth (2022 -  2023)Algeria$50.7M

Between 2022 and 2023, the exports of Felt Machinery grew the fastest in Austria ($11.3M), Portugal ($7.63M), Norway ($4.68M), Singapore ($3M), and Sweden ($2.74M).

Between 2022 and 2023, the fastest growing importers of Felt Machinery were Algeria ($50.7M), United States ($27.7M), Israel ($19.8M), Japan ($12.9M), and Indonesia ($12.1M).

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Exporters of Felt Machinery (2022 - 2023)

Importers of Felt Machinery (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Felt Machinery.

In 2023, market concentration measured using Shannon Entropy, was 3.07. This means that most of the exports of Felt Machinery are explained by 8 countries.

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Value of Exports in Felt Machinery

Net Trade

TOP NET EXPORTER (2023)Germany$204M
TOP NET IMPORTER (2023)United States$101M

This map shows which countries export or import more of Felt Machinery. Each country is colored based on the difference in exports and imports of Felt Machinery during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Felt Machinery were Germany ($204M), China ($128M), Portugal ($62M), Italy ($54.5M), and France ($42.3M).

In 2023, the countries that had a largest trade value in imports than in exports of Felt Machinery were United States ($101M), India ($41.7M), Turkey ($40.3M), Israel ($26.6M), and Vietnam ($25.3M).

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 Felt Machinery.
It is possible to select the main countries that export or import Felt Machinery in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Felt Machinery by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALFrance+ $3.72M
TOP IMPORT POTENTIALFrance+ $2.67M

Felt Machinery’s highest export potential is France. With an export gap of $3.72M.  Felt Machinery’s highest import potential is France with an import gap of $2.67M.

See methodology.

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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)

Country by Relatedness

The following visualization shows the relatedness of Felt Machinery to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2023)

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