Limited Trade Activity for Power Driven Flat Knitting Machines Between US and Réunion
Recent trade data indicates minimal to no recorded transactions of power driven flat knitting machines over 50.8 cm in width (HS Code: 8447.20) between the United States and Réunion, a French overseas department. This reflects the niche nature of the product and limited industrial demand in Réunion.
2023-10-15
Impact: Negligible impact on overall trade due to the small market size and specialized nature of the product; trade in this category remains insignificant.
US Export Restrictions and Réunion's Market Constraints
Analysis of US export trends shows that power driven flat knitting machines are rarely shipped to smaller markets like Réunion. The island's textile industry remains underdeveloped, reducing demand for such machinery.
2023-09-20
Impact: Continued low trade volume expected; US exporters are likely to focus on larger markets with higher demand for industrial knitting equipment.
Réunion's Import Dependency on EU for Textile Machinery
Réunion, as part of the EU customs territory, primarily sources industrial machinery, including power driven flat knitting machines, from European countries rather than the US, due to proximity and trade agreements.
2023-08-05
Impact: US exporters face reduced competitiveness in Réunion's market, limiting bilateral trade in this HS category.
