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2022
Exports $14.6MWorld Rnk 49 / 200
Flag Rnk 720 / 1210
2022
Destination $848k United States
2021 - 2022
FASTEST GROWING MARKET $848kHong Kong
2022
PRODUCT COMPLEXITY IN Knit Men's Shirts-1.58Rnk 957 / 1025
2022
Imports $220MWorld Rnk 9 / 222
Flag Rnk 385 / 1213
2022
Origin $14.6M United States
2021 - 2022
FASTEST GROWING ORIGIN $14.6MBangladesh
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $14.6M in Knit Men's Shirts, making it the 49th largest exporter of Knit Men's Shirts in the world. At the same year, Knit Men's Shirts was the 720th most exported product in Canada. The main destination of Knit Men's Shirts exports from Canada are: United States ($11.9M), Hong Kong ($878k), Italy ($359k), South Korea ($280k), and Australia ($177k).

The fastest growing export markets for Knit Men's Shirts of Canada between 2021 and 2022 were Hong Kong ($848k), Italy ($322k), and South Korea ($159k).

Imports In 2022, Canada imported $220M in Knit Men's Shirts, becoming the 9th largest importer of Knit Men's Shirts in the world. At the same year, Knit Men's Shirts was the 385th most imported product in Canada. Canada imports Knit Men's Shirts primarily from: United States ($29.8M), Vietnam ($28.7M), Bangladesh ($26.9M), China ($25.3M), and India ($18.1M).

The fastest growing import markets in Knit Men's Shirts for Canada between 2021 and 2022 were Bangladesh ($14.6M), Vietnam ($14.5M), and China ($9.67M).

Latest Trends

August 2024

About

Overview In August 2024 Canada's Knit Men's Shirts exports accounted up to C$617k and imports accounted up to C$22.1M, resulting in a negative trade balance of C$21.5M. Between August 2023 and August 2024 the exports of Canada's   Knit Men's Shirts have increased by C$309k (100%) from C$308k to C$617k, while imports decreased by C$-385k (-1.71%) from C$22.5M to C$22.1M.

Destinations In August 2024, Knit Men's Shirts were exported mostly to United States (C$579k), Australia (C$12.3k), Macau (C$8.7k), Japan (C$8.1k), and South Africa (C$5.7k), and were imported mostly from China (C$3.86M), Bangladesh (C$3.23M), Vietnam (C$2.46M), India (C$2.09M), and Indonesia (C$1.55M).

Growth In August 2024, the increase in Knit Men's Shirts's year-by-year exports was explained primarily by an increase in exports to United Kingdom (C$846 or 3.53k%) and China (C$120 or 117%). In August 2024, the decrease in Knit Men's Shirts's year-by-year imports was explained primarily by a decrease in imports from United States (C$-572k or -76.6%), France (C$-45.1k or -96.8%), and Lesotho (C$-40.5k or -63.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)C$309k(100%)
IMPORT GROWTH (August 2023 - August 2024)C$-385k(-1.71%)
MAIN EXPORTER (August 2024)Nova ScotiaC$529k
MAIN DESTINATION (August 2024)United StatesC$579k

This section shows Knit Men's Shirts'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 Shirts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$14.6M
IMPORTS (2022)$220M
NET TRADE (2022)-$205M

In 2022, Canada exported $14.6M in Knit Men's Shirts. The main destinations of Canada exports on Knit Men's Shirts were United States ($11.9M), Hong Kong ($878k), Italy ($359k), South Korea ($280k), and Australia ($177k).

In 2022, Canada imported $220M in Knit Men's Shirts, mainly from United States ($29.8M), Vietnam ($28.7M), Bangladesh ($26.9M), China ($25.3M), and India ($18.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Men's Shirts EXPORT MARKETS FOR Canada WERE (2021 - 2022):
Hong Kong$848k (2.9k%)
Italy$322k (859%)
South Korea$159k (130%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Men's Shirts BY Canada WERE (2021 - 2022):
United States-$2.8M (-19.1%)
Australia-$245k (-58.1%)
United Arab Emirates-$179k (-91.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Knit Men's Shirts were:
Bangladesh $1.44B
China $1.42B
Vietnam $920M
In 2022, Canada's main importing competitors in Knit Men's Shirts were:
United States $2.7B
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 POTENTIALUnited States+ $9.64M
TOP IMPORT POTENTIALBangladesh+ $12.2M

Knit Men's Shirts’s highest export potential is United States. With an export gap of $9.64M.   Knit Men's Shirts’s highest import potential is Bangladesh with an import gap of $12.2M.

See methodology.

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