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844900 (Harmonized System 1992 for 6-digit)

2023
World Trade $774MRnk 2400 / 4644
2023
Top Exporter | Top Importer $241M | $113MGermany | United States
2023
Product Complexity 1.23Rnk 428 / 4656
2022 - 2023
Export Growth (CAGR) -34.6%Rnk 4360 / 4644
2023
Share of World Trade 0.0034%Rnk 2400 / 4644

About

Overview This page contains the latest trade data of Machinery for making felt, nonwovens, including hats. In 2023, Machinery for making felt, nonwovens, including hats were the world's 2400th most traded product, with a total trade of $774M. Between 2022 and 2023 the exports of Machinery for making felt, nonwovens, including hats decreased by -34.6%, from $1.18B to $774M. Trade in Machinery for making felt, nonwovens, including hats represent 0.0034% of total world trade.

Machinery for making felt, nonwovens, including hats are a part of Felt Machinery.

Exports In 2023 the top exporters of Machinery for making felt, nonwovens, including hats  were Germany ($241M), China ($202M), Italy ($73.8M), Portugal ($63.8M), and France ($59.2M).

Imports In 2023 the top importers of Machinery for making felt, nonwovens, including hats were United States ($113M), China ($74.1M), Algeria ($54.4M), Turkey ($45M), and India ($42.8M).

Ranking Machinery for making felt, nonwovens, including hats ranks 428th in the Product Complexity Index (PCI).

Description Machinery used for making felt includes a carding machine, a spinneret and a felting machine. The carding machine aligns and separates the coarse wool fibers. The spinneret turns the fibers into a continuous ribbon. The felting machine presses and kneads the fibers together.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Machinery for making felt, nonwovens, including hats. 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 Machinery for making felt, nonwovens, including hats were the world's 2400th most traded product (out of 4,644).

In 2023, the top exporters of Machinery for making felt, nonwovens, including hats were Germany ($241M), China ($202M), Italy ($73.8M), Portugal ($63.8M), and France ($59.2M).

In 2023, the top importers of Machinery for making felt, nonwovens, including hats were United States ($113M), China ($74.1M), Algeria ($54.4M), Turkey ($45M), and India ($42.8M).

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Exporters of Machinery for making felt, nonwovens, including hats (2023)
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Importers of Machinery for making felt, nonwovens, including hats (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 Machinery for making felt, nonwovens, including hats 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 Machinery for making felt, nonwovens, including hats were Algeria ($50.7M), United States ($27.7M), Israel ($19.8M), Japan ($12.9M), and Indonesia ($12.1M).

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Exporters of Machinery for making felt, nonwovens, including hats (2022 - 2023)

Importers of Machinery for making felt, nonwovens, including hats (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Machinery for making felt, nonwovens, including hats.

In 2023, market concentration measured using Shannon Entropy, was 3.07. This means that most of the exports of Machinery for making felt, nonwovens, including hats are explained by 8 countries.

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Value of Exports in Machinery for making felt, nonwovens, including hats

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 Machinery for making felt, nonwovens, including hats. Each country is colored based on the difference in exports and imports of Machinery for making felt, nonwovens, including hats during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Machinery for making felt, nonwovens, including hats 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 Machinery for making felt, nonwovens, including hats 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 Machinery for making felt, nonwovens, including hats.
It is possible to select the main countries that export or import Machinery for making felt, nonwovens, including hats in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Machinery for making felt, nonwovens, including hats 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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