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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)

2022
World Trade $1.17BRnk 911 / 1218
2022
Top Exporter | Top Importer $410M | $244MGermany | China
2022
Product Complexity 1.33Rnk 77 / 1033
2021 - 2022
Export Growth (CAGR) -29.9%Rnk 1197 / 1218
2022
Share of World Trade 0.005%Rnk 911 / 1218

About

Overview This page contains the latest trade data of Felt Machinery. In 2022, Felt Machinery were the world's 911th most traded product, with a total trade of $1.17B. Between 2021 and 2022 the exports of Felt Machinery decreased by -29.9%, from $1.67B to $1.17B. Trade in Felt Machinery represent 0.005% 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 2022 the top exporters of Felt Machinery  were Germany ($410M), China ($306M), France ($133M), Italy ($132M), and Portugal ($53.2M).

Imports In 2022 the top importers of Felt Machinery were China ($244M), United States ($110M), India ($104M), Turkey ($100M), and Egypt ($75M).

Ranking Felt Machinery ranks 77th in the Product Complexity Index (PCI).

Description -

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 (2022)Germany$410M
Top Destination (2022)China$244M

In 2022 Felt Machinery were the world's 911th most traded product (out of 1,218).

In 2022, the top exporters of Felt Machinery were Germany ($410M), China ($306M), France ($133M), Italy ($132M), and Portugal ($53.2M).

In 2022, the top importers of Felt Machinery were China ($244M), United States ($110M), India ($104M), Turkey ($100M), and Egypt ($75M).

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Exporters of Felt Machinery (2022)
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Importers of Felt Machinery (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Italy$12.2M
Top Destination Growth (2021 -  2022)Egypt$65M

Between 2021 and 2022, the exports of Felt Machinery grew the fastest in Italy ($12.2M), Belgium ($8.74M), Lithuania ($1.46M), Poland ($1.06M), and United States ($922k).

Between 2021 and 2022, the fastest growing importers of Felt Machinery were Egypt ($65M), South Africa ($26.8M), India ($22.5M), Saudi Arabia ($15.1M), and Czechia ($6.64M).

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Exporters of Felt Machinery (2021 - 2022)

Importers of Felt Machinery (2021 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 2.79. This means that most of the exports of Felt Machinery are explained by 6 countries.

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Value of Exports in Felt Machinery

Net Trade

TOP NET EXPORTER (2022)Germany$372M
TOP NET IMPORTER (2022)India$104M

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 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Felt Machinery were Germany ($372M), France ($108M), Italy ($105M), China ($61.9M), and Portugal ($52.1M).

In 2022, the countries that had a largest trade value in imports than in exports of Felt Machinery were India ($104M), Turkey ($95.5M), United States ($86.2M), Egypt ($75M), and South Africa ($35.2M).

Net Trade (2022)

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.

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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 (2022)

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 (2022)

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