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844859 (Harmonized System 1992 for 6-digit)

2023
World Trade $450MRnk 2964 / 4644
2023
Top Exporter | Top Importer $120M | $75.8MGermany | China
2023
Product Complexity 1.13Rnk 584 / 4656
2022 - 2023
Export Growth (CAGR) -16.5%Rnk 3375 / 4644
2023
Share of World Trade 0.002%Rnk 2964 / 4644

About

Overview This page contains the latest trade data of Parts, access nes, knitting, embroidery, lace machine. In 2023, Parts, access nes, knitting, embroidery, lace machine were the world's 2964th most traded product, with a total trade of $450M. Between 2022 and 2023 the exports of Parts, access nes, knitting, embroidery, lace machine decreased by -16.5%, from $539M to $450M. Trade in Parts, access nes, knitting, embroidery, lace machine represent 0.002% of total world trade.

Parts, access nes, knitting, embroidery, lace machine are a part of Knitting Machine Accessories.

Exports In 2023 the top exporters of Parts, access nes, knitting, embroidery, lace machine  were Germany ($120M), China ($97.8M), Japan ($42.8M), Italy ($38.3M), and Chinese Taipei ($23.1M).

Imports In 2023 the top importers of Parts, access nes, knitting, embroidery, lace machine were China ($75.8M), Germany ($46.7M), India ($32.2M), United States ($31.7M), and Japan ($24.6M).

Ranking Parts, access nes, knitting, embroidery, lace machine ranks 584th in the Product Complexity Index (PCI).

Description Parts: This is the area where you can insert zippers, pocket, or other sewing components. Access: This is the area where you can insert the thread and needle to be used with the sewing machine. Knitting: This is used for sewing thick fabrics together. Embroidery: This is used for sewing a pattern onto fabric. Lace Machine: This is used for sewing delicate fabrics.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Parts, access nes, knitting, embroidery, lace machine. 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$120M
Top Destination (2023)China$75.8M

In 2023 Parts, access nes, knitting, embroidery, lace machine were the world's 2964th most traded product (out of 4,644).

In 2023, the top exporters of Parts, access nes, knitting, embroidery, lace machine were Germany ($120M), China ($97.8M), Japan ($42.8M), Italy ($38.3M), and Chinese Taipei ($23.1M).

In 2023, the top importers of Parts, access nes, knitting, embroidery, lace machine were China ($75.8M), Germany ($46.7M), India ($32.2M), United States ($31.7M), and Japan ($24.6M).

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Exporters of Parts, access nes, knitting, embroidery, lace machine (2023)
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Importers of Parts, access nes, knitting, embroidery, lace machine (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Switzerland$1.66M
Top Destination Growth (2022 -  2023)Vietnam$5.9M

Between 2022 and 2023, the exports of Parts, access nes, knitting, embroidery, lace machine grew the fastest in Switzerland ($1.66M), Turkey ($1.51M), Israel ($679k), Belgium ($646k), and Australia ($624k).

Between 2022 and 2023, the fastest growing importers of Parts, access nes, knitting, embroidery, lace machine were Vietnam ($5.9M), Malaysia ($1.34M), Russia ($1.31M), Iran ($1.28M), and Algeria ($1.2M).

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Exporters of Parts, access nes, knitting, embroidery, lace machine (2022 - 2023)

Importers of Parts, access nes, knitting, embroidery, lace machine (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Parts, access nes, knitting, embroidery, lace machine.

In 2023, market concentration measured using Shannon Entropy, was 3.59. This means that most of the exports of Parts, access nes, knitting, embroidery, lace machine are explained by 12 countries.

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Value of Exports in Parts, access nes, knitting, embroidery, lace machine

Net Trade

TOP NET EXPORTER (2023)Germany$73.5M
TOP NET IMPORTER (2023)India$28.8M

This map shows which countries export or import more of Parts, access nes, knitting, embroidery, lace machine. Each country is colored based on the difference in exports and imports of Parts, access nes, knitting, embroidery, lace machine during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Parts, access nes, knitting, embroidery, lace machine were Germany ($73.5M), China ($21.9M), Italy ($21.5M), Japan ($18.3M), and Chinese Taipei ($17.6M).

In 2023, the countries that had a largest trade value in imports than in exports of Parts, access nes, knitting, embroidery, lace machine were India ($28.8M), Vietnam ($17.4M), United States ($14.9M), Bangladesh ($10.8M), and Indonesia ($6.92M).

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 Parts, access nes, knitting, embroidery, lace machine.
It is possible to select the main countries that export or import Parts, access nes, knitting, embroidery, lace machine in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Parts, access nes, knitting, embroidery, lace machine 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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