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Weaving machines (looms)

8446 (Harmonized System 1992 for 4-digit)

2023
World Trade $2.05BRnk 759 / 1217
2023
Top Exporter | Top Importer $558M | $760MChina | India
2023
Product Complexity 1.41Rnk 66 / 1044
2022 - 2023
Export Growth (CAGR) -9.98%Rnk 747 / 1217
2023
Share of World Trade 0.009%Rnk 759 / 1217

About

Overview This page contains the latest trade data of Looms. In 2023, Looms were the world's 759th most traded product, with a total trade of $2.05B. Between 2022 and 2023 the exports of Looms decreased by -9.98%, from $2.27B to $2.05B. Trade in Looms represent 0.009% of total world trade.

Looms are a part of Machinery, mechanical appliances, & parts. They include Shuttle-less looms for weaving fabric >30cm wide, Machines for weaving fabric, width < 30 cm, Shuttle type looms nes for weaving fabric >30cm wide, and Shuttle type power loom for weaving fabric >30cm wide.

Exports In 2023 the top exporters of Looms  were China ($558M), Belgium ($524M), Japan ($419M), Italy ($172M), and Germany ($126M).

Imports In 2023 the top importers of Looms were India ($760M), China ($254M), Turkey ($217M), Iran ($77M), and Vietnam ($70.1M).

Ranking Looms ranks 66th in the Product Complexity Index (PCI).

Description Weaving machines are used to make textiles. They can be made from a variety of materials, including wood, metal, and plastic.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Looms. 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)China$558M
Top Destination (2023)India$760M

In 2023 Looms were the world's 759th most traded product (out of 1,217).

In 2023, the top exporters of Looms were China ($558M), Belgium ($524M), Japan ($419M), Italy ($172M), and Germany ($126M).

In 2023, the top importers of Looms were India ($760M), China ($254M), Turkey ($217M), Iran ($77M), and Vietnam ($70.1M).

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Exporters of Looms (2023)
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Importers of Looms (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Japan$56.4M
Top Destination Growth (2022 -  2023)India$72.6M

Between 2022 and 2023, the exports of Looms grew the fastest in Japan ($56.4M), Germany ($28.9M), Austria ($8.29M), Switzerland ($3.42M), and Latvia ($2.09M).

Between 2022 and 2023, the fastest growing importers of Looms were India ($72.6M), Russia ($20.8M), Kenya ($15.7M), Egypt ($12.8M), and Italy ($11.5M).

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Exporters of Looms (2022 - 2023)

Importers of Looms (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Looms.

In 2023, market concentration measured using Shannon Entropy, was 2.86. This means that most of the exports of Looms are explained by 7 countries.

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Value of Exports in Looms

Net Trade

TOP NET EXPORTER (2023)Belgium$520M
TOP NET IMPORTER (2023)India$727M

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

In 2023, the countries that had a largest trade value in exports than in imports of Looms were Belgium ($520M), Japan ($411M), China ($305M), Italy ($134M), and Germany ($109M).

In 2023, the countries that had a largest trade value in imports than in exports of Looms were India ($727M), Turkey ($197M), Iran ($77M), Vietnam ($69.4M), and Indonesia ($55.4M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Looms, disaggragated by their HS6 level were Shuttle-less looms for weaving fabric >30cm... ($1.77B), Shuttle type power loom for weaving... ($100M), Machines for weaving fabric, width <... ($87.4M), and Shuttle type looms nes for weaving... ($84.9M)

HS6 Disaggregation for Looms (2023)
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Country Comparison

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Ranking

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

Top 10 Exporters Countries of Looms by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALTurkey+ $7.38M
TOP IMPORT POTENTIALItaly+ $4.35M

Looms’s highest export potential is Turkey. With an export gap of $7.38M.  Looms’s highest import potential is Italy with an import gap of $4.35M.

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)

Related Products

This visualization shows products that are likely to be exported by countries that export Looms.

Country by Relatedness

The following visualization shows the relatedness of Looms 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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