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844851 (Harmonized System 1992 for 6-digit)

2023
World Trade $959MRnk 2158 / 4644
2023
Top Exporter | Top Importer $239M | $331MGermany | China
2023
Product Complexity 0.32Rnk 1990 / 4656
2022 - 2023
Export Growth (CAGR) -4.92%Rnk 2094 / 4644
2023
Share of World Trade 0.0042%Rnk 2158 / 4644

About

Overview This page contains the latest trade data of Sinkers, needles etc for knitting, etc machines. In 2023, Sinkers, needles etc for knitting, etc machines were the world's 2158th most traded product, with a total trade of $959M. Between 2022 and 2023 the exports of Sinkers, needles etc for knitting, etc machines decreased by -4.92%, from $1.01B to $959M. Trade in Sinkers, needles etc for knitting, etc machines represent 0.0042% of total world trade.

Sinkers, needles etc for knitting, etc machines are a part of Knitting Machine Accessories.

Exports In 2023 the top exporters of Sinkers, needles etc for knitting, etc machines  were Germany ($239M), Singapore ($203M), Portugal ($165M), Czechia ($117M), and Vietnam ($63.1M).

Imports In 2023 the top importers of Sinkers, needles etc for knitting, etc machines were China ($331M), Singapore ($168M), Germany ($88.3M), Turkey ($44.5M), and Japan ($35.9M).

Ranking Sinkers, needles etc for knitting, etc machines ranks 1990th in the Product Complexity Index (PCI).

Description Sinkers or needles are used to hold the thread in place for knitting. There are different sizes of sinkers and needles.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Sinkers, needles etc for knitting, etc machines. 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$239M
Top Destination (2023)China$331M

In 2023 Sinkers, needles etc for knitting, etc machines were the world's 2158th most traded product (out of 4,644).

In 2023, the top exporters of Sinkers, needles etc for knitting, etc machines were Germany ($239M), Singapore ($203M), Portugal ($165M), Czechia ($117M), and Vietnam ($63.1M).

In 2023, the top importers of Sinkers, needles etc for knitting, etc machines were China ($331M), Singapore ($168M), Germany ($88.3M), Turkey ($44.5M), and Japan ($35.9M).

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Exporters of Sinkers, needles etc for knitting, etc machines (2023)
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Importers of Sinkers, needles etc for knitting, etc machines (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Czechia$18.8M
Top Destination Growth (2022 -  2023)China$25.7M

Between 2022 and 2023, the exports of Sinkers, needles etc for knitting, etc machines grew the fastest in Czechia ($18.8M), Vietnam ($5.63M), Belarus ($1.84M), United States ($1.17M), and Uzbekistan ($458k).

Between 2022 and 2023, the fastest growing importers of Sinkers, needles etc for knitting, etc machines were China ($25.7M), Germany ($12.5M), Japan ($2.99M), El Salvador ($2.03M), and Malaysia ($2.01M).

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Exporters of Sinkers, needles etc for knitting, etc machines (2022 - 2023)

Importers of Sinkers, needles etc for knitting, etc machines (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Sinkers, needles etc for knitting, etc machines.

In 2023, market concentration measured using Shannon Entropy, was 3.06. This means that most of the exports of Sinkers, needles etc for knitting, etc machines are explained by 8 countries.

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Value of Exports in Sinkers, needles etc for knitting, etc machines

Net Trade

TOP NET EXPORTER (2023)Portugal$157M
TOP NET IMPORTER (2023)China$276M

This map shows which countries export or import more of Sinkers, needles etc for knitting, etc machines. Each country is colored based on the difference in exports and imports of Sinkers, needles etc for knitting, etc machines during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Sinkers, needles etc for knitting, etc machines were Portugal ($157M), Germany ($150M), Czechia ($111M), Vietnam ($42.8M), and Singapore ($34.9M).

In 2023, the countries that had a largest trade value in imports than in exports of Sinkers, needles etc for knitting, etc machines were China ($276M), Turkey ($38.5M), Bangladesh ($22.2M), Japan ($19.6M), and Italy ($18.6M).

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 Sinkers, needles etc for knitting, etc machines.
It is possible to select the main countries that export or import Sinkers, needles etc for knitting, etc machines in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Sinkers, needles etc for knitting, etc machines 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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