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2022
Exports $90.5MWorld Rnk 20 / 200
Flag Rnk 759 / 1217
2022
Destination $12.5M Canada
2021 - 2022
FASTEST GROWING MARKET $12.5MMexico
2022
PRODUCT COMPLEXITY IN Knit Men's Shirts-1.58Rnk 957 / 1025
2022
Imports $2.7BWorld Rnk 1 / 222
Flag Rnk 199 / 1216
2022
Origin $202M Vietnam
2021 - 2022
FASTEST GROWING ORIGIN $202MVietnam
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $90.5M in Knit Men's Shirts, making it the 20th largest exporter of Knit Men's Shirts in the world. At the same year, Knit Men's Shirts was the 759th most exported product in United States. The main destination of Knit Men's Shirts exports from United States are: Canada ($29.8M), Mexico ($26.3M), South Korea ($3.29M), Israel ($2.78M), and Japan ($2.69M).

The fastest growing export markets for Knit Men's Shirts of United States between 2021 and 2022 were Mexico ($12.5M), Canada ($9.37M), and China ($1.52M).

Imports In 2018, United States imported $2.7B in Knit Men's Shirts, becoming the 1st largest importer of Knit Men's Shirts in the world. At the same year, Knit Men's Shirts was the 199th most imported product in United States. United States imports Knit Men's Shirts primarily from: Vietnam ($472M), Guatemala ($315M), China ($235M), India ($219M), and Bangladesh ($199M).

The fastest growing import markets in Knit Men's Shirts for United States between 2021 and 2022 were Vietnam ($202M), Bangladesh ($101M), and China ($96.4M).

COMPANIES In 2023, leading companies such as Gap (700), Old Navy (696), and PVH (Phillips-Van Heusen Corporation) (116) were at the forefront of shipping Knit Men's Shirts to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United States' Knit Men's Shirts exports accounted up to $7.94M and imports accounted up to $167M, resulting in a negative trade balance of $159M. Between June 2023 and June 2024 the exports of United States'   Knit Men's Shirts have decreased by $-401k (-4.81%) from $8.34M to $7.94M, while imports increased by $4.98M (3.07%) from $162M to $167M.

Destinations In June 2024, Knit Men's Shirts were exported mostly to Canada ($3.65M), Mexico ($2.22M), United Arab Emirates ($355k), Japan ($225k), and France ($173k), and were imported mostly from Vietnam ($32.3M), India ($18.9M), China ($14.8M), Peru ($13.6M), and Bangladesh ($11M).

Growth In June 2024, the decrease in Knit Men's Shirts's year-by-year exports was explained primarily by a decrease in exports to Japan ($-322k or -49%), Italy ($-169k or -91.7%), and Honduras ($-118k or -88.5%). In June 2024, the increase in Knit Men's Shirts's year-by-year imports was explained primarily by an increase in imports from Vietnam ($15M or 43.9%), India ($13.6M or 80.3%), and Jordan ($10.5M or 100%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-401k(-4.81%)
IMPORT GROWTH (June 2023 - June 2024)$4.98M(3.07%)
MAIN EXPORTER (June 2024)California$3.08M
MAIN DESTINATION (June 2024)Canada$3.65M

This section shows Knit Men's Shirts's exports and imports data at subnational level for United States. 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 Shirts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$90.5M
IMPORTS (2022)$2.7B
NET TRADE (2022)-$2.61B

In 2022, United States exported $90.5M in Knit Men's Shirts. The main destinations of United States exports on Knit Men's Shirts were Canada ($29.8M), Mexico ($26.3M), South Korea ($3.29M), Israel ($2.78M), and Japan ($2.69M).

In 2022, United States imported $2.7B in Knit Men's Shirts, mainly from Vietnam ($472M), Guatemala ($315M), China ($235M), India ($219M), and Bangladesh ($199M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Men's Shirts EXPORT MARKETS FOR United States WERE (2021 - 2022):
Mexico$12.5M (90.9%)
Canada$9.37M (46%)
China$1.52M (177%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Men's Shirts BY United States WERE (2021 - 2022):
Dominican Republic-$833k (-54.8%)
Australia-$424k (-25.7%)
Switzerland-$355k (-54.2%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Knit Men's Shirts were:
Bangladesh $1.44B
China $1.42B
Vietnam $920M
In 2022, United States's main importing competitors in Knit Men's Shirts were:
Germany $804M
United Kingdom $512M

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Trade Value of Knit Men's Shirts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCanada+ $3.27M
TOP IMPORT POTENTIALBangladesh+ $96.4M

Knit Men's Shirts’s highest export potential is Canada. With an export gap of $3.27M.   Knit Men's Shirts’s highest import potential is Bangladesh with an import gap of $96.4M.

See methodology.

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