2022
Exports
$26.7MWorld Rnk 47 / 207
Flag Rnk 628 / 1210
2022
PRODUCT COMPLEXITY IN Knit Men's Suits
-1.32Rnk 915 / 1025
2022
Imports
$465MWorld Rnk 9 / 221
Flag Rnk 237 / 1213
2022
ECONOMIC COMPLEXITY of Canada
0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $26.7M in Knit Men's Suits, making it the 47th largest exporter of Knit Men's Suits in the world. At the same year, Knit Men's Suits was the 628th most exported product in Canada. The main destination of Knit Men's Suits exports from Canada are: United States ($19M), Netherlands ($3.76M), South Korea ($619k), Japan ($607k), and Italy ($412k).

The fastest growing export markets for Knit Men's Suits of Canada between 2021 and 2022 were South Korea ($508k), Macau ($229k), and Italy ($217k).

Imports In 2022, Canada imported $465M in Knit Men's Suits, becoming the 9th largest importer of Knit Men's Suits in the world. At the same year, Knit Men's Suits was the 237th most imported product in Canada. Canada imports Knit Men's Suits primarily from: Bangladesh ($95.4M), China ($87.8M), Cambodia ($60M), Vietnam ($55.1M), and United States ($26.7M).

The fastest growing import markets in Knit Men's Suits for Canada between 2021 and 2022 were Bangladesh ($13.1M), Cambodia ($12.3M), and Philippines ($11.9M).

Latest Trends

June 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)C$-111k(-10.2%)
IMPORT GROWTH (June 2023 - June 2024)C$-7.21M(-17%)
MAIN EXPORTER (June 2024)QuebecC$1.68M
MAIN DESTINATION (June 2024)NetherlandsC$359k

This section shows Knit Men's Suits's exports and imports data at subnational level for Canada. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Knit Men's Suits over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$26.7M
IMPORTS (2022)$465M
NET TRADE (2022)-$438M

In 2022, Canada exported $26.7M in Knit Men's Suits. The main destinations of Canada exports on Knit Men's Suits were United States ($19M), Netherlands ($3.76M), South Korea ($619k), Japan ($607k), and Italy ($412k).

In 2022, Canada imported $465M in Knit Men's Suits, mainly from Bangladesh ($95.4M), China ($87.8M), Cambodia ($60M), Vietnam ($55.1M), and United States ($26.7M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Men's Suits EXPORT MARKETS FOR Canada WERE (2021 - 2022):
South Korea$508k (454%)
Macau$229k (465%)
Italy$217k (112%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Men's Suits BY Canada WERE (2021 - 2022):
United States-$8.78M (-31.6%)
Hong Kong-$213k (-56.1%)
Spain-$176k (-92.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Knit Men's Suits were:
In 2022, Canada's main importing competitors in Knit Men's Suits were:

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Trade Value of Knit Men's Suits by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $15.2M
TOP IMPORT POTENTIALChina+ $17.4M

Knit Men's Suits’s highest export potential is United States. With an export gap of $15.2M.   Knit Men's Suits’s highest import potential is China with an import gap of $17.4M.

See methodology.

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