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2022
Exports $49.9MWorld Rnk 23 / 197
Flag Rnk 548 / 1216
2022
Destination $2.6M Ireland
2021 - 2022
FASTEST GROWING MARKET $2.6MBangladesh
2022
PRODUCT COMPLEXITY IN Knit Babies' Garments-1.54Rnk 952 / 1025
2022
Imports $629MWorld Rnk 3 / 216
Flag Rnk 202 / 1214
2022
Origin $15.9M India
2021 - 2022
FASTEST GROWING ORIGIN $15.9MBangladesh
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $49.9M in Knit Babies' Garments, making it the 23rd largest exporter of Knit Babies' Garments in the world. At the same year, Knit Babies' Garments was the 548th most exported product in United Kingdom. The main destination of Knit Babies' Garments exports from United Kingdom are: Ireland ($17.1M), South Korea ($5.9M), United States ($2.77M), Bangladesh ($2.6M), and Germany ($2.34M).

The fastest growing export markets for Knit Babies' Garments of United Kingdom between 2021 and 2022 were Bangladesh ($2.6M), India ($1.34M), and Sri Lanka ($1.22M).

Imports In 2022, United Kingdom imported $629M in Knit Babies' Garments, becoming the 3rd largest importer of Knit Babies' Garments in the world. At the same year, Knit Babies' Garments was the 202nd most imported product in United Kingdom. United Kingdom imports Knit Babies' Garments primarily from: India ($141M), Sri Lanka ($124M), China ($115M), Bangladesh ($111M), and Turkey ($26.9M).

The fastest growing import markets in Knit Babies' Garments for United Kingdom between 2021 and 2022 were Bangladesh ($15.9M), Sri Lanka ($9.92M), and China ($9.34M).

Latest Trends

June 2024

About

Overview In June 2024 United Kingdom's Knit Babies' Garments exports accounted up to £2.94M and imports accounted up to £19.3M, resulting in a negative trade balance of £16.4M. Between June 2023 and June 2024 the exports of United Kingdom's   Knit Babies' Garments have increased by £225k (8.26%) from £2.72M to £2.94M, while imports decreased by £-5.57M (-22.4%) from £24.9M to £19.3M.

Destinations In June 2024, Knit Babies' Garments were exported mostly to Ireland (£828k), Serbia (£359k), Germany (£341k), United Arab Emirates (£265k), and Netherlands (£222k), and were imported mostly from India (£4.13M), Sri Lanka (£3.79M), Bangladesh (£3.12M), China (£2.33M), and Turkey (£1.53M).

Growth In June 2024, the increase in Knit Babies' Garments's year-by-year exports was explained primarily by an increase in exports to South Korea (£637k or 143%), Germany (£300k or 232%), and Serbia (£98.2k or 650%). In June 2024, the decrease in Knit Babies' Garments's year-by-year imports was explained primarily by a decrease in imports from Bangladesh (£-2M or -22.9%), China (£-1.62M or -20.6%), and Cambodia (£-698k or -47.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)£225k(8.26%)
IMPORT GROWTH (June 2023 - June 2024)£-5.57M(-22.4%)
MAIN EXPORTER (June 2024)London Heathrow Airport£3.67M
MAIN DESTINATION (June 2024)Ireland£828k

This section shows Knit Babies' Garments's exports and imports data at subnational level for United Kingdom. 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 Babies' Garments over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$49.9M
IMPORTS (2022)$629M
NET TRADE (2022)-$580M

In 2022, United Kingdom exported $49.9M in Knit Babies' Garments. The main destinations of United Kingdom exports on Knit Babies' Garments were Ireland ($17.1M), South Korea ($5.9M), United States ($2.77M), Bangladesh ($2.6M), and Germany ($2.34M).

In 2022, United Kingdom imported $629M in Knit Babies' Garments, mainly from India ($141M), Sri Lanka ($124M), China ($115M), Bangladesh ($111M), and Turkey ($26.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Babies' Garments EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
Bangladesh$2.6M (87.3k%)
India$1.34M (296%)
Sri Lanka$1.22M (2.34k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Babies' Garments BY United Kingdom WERE (2021 - 2022):
Ireland-$14M (-45.1%)
Germany-$1.14M (-32.7%)
Nigeria-$1.06M (-51.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United Kingdom's main exporting competitors in Knit Babies' Garments were:
China $2.45B
Bangladesh $1.29B
India $1.08B
In 2022, United Kingdom's main importing competitors in Knit Babies' Garments were:
United States $2.31B
Germany $759M

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Trade Value of Knit Babies' Garments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3.38M
TOP IMPORT POTENTIALChina+ $14.2M

Knit Babies' Garments’s highest export potential is United States. With an export gap of $3.38M.   Knit Babies' Garments’s highest import potential is China with an import gap of $14.2M.

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