knitting vs needlecraft

knitting and needlecraft both are nouns.

Word	Noun	Adjective	Verb	Adverb
knitting	Yes	No	No	No
needlecraft	Yes	No	No	No

As nouns, needlecraft is a hypernym of knitting; that is, needlecraft is a word with a broader meaning than knitting:

knitting: needlework created by interlacing yarn in a series of connected loops using straight eyeless needles or by machine
needlecraft: a creation created or assembled by needle and thread

Other hypernyms of knitting include needlework.

knitting (noun)	needlecraft (noun)
creating knitted wear	work (such as sewing or embroidery) that is done with a needle
needlework created by interlacing yarn in a series of connected loops using straight eyeless needles or by machine	a creation created or assembled by needle and thread