2022
Exports
$41MWorld Rnk 41 / 207
Flag Rnk 242 / 1177
2022
PRODUCT COMPLEXITY IN Knit Men's Suits
-1.32Rnk 915 / 1025
2022
Imports
$140MWorld Rnk 25 / 221
Flag Rnk 245 / 1207
2022
ECONOMIC COMPLEXITY of Hong Kong
1.18Rnk 21 / 133

About

Exports In 2022, Hong Kong exported $41M in Knit Men's Suits, making it the 41st largest exporter of Knit Men's Suits in the world. At the same year, Knit Men's Suits was the 242nd most exported product in Hong Kong. The main destination of Knit Men's Suits exports from Hong Kong are: Macau ($5.46M), Mexico ($3.73M), Israel ($3.1M), Saudi Arabia ($2.98M), and China ($2.29M).

The fastest growing export markets for Knit Men's Suits of Hong Kong between 2021 and 2022 were Macau ($1.65M), Saudi Arabia ($1.32M), and South Korea ($775k).

Imports In 2022, Hong Kong imported $140M in Knit Men's Suits, becoming the 25th largest importer of Knit Men's Suits in the world. At the same year, Knit Men's Suits was the 245th most imported product in Hong Kong. Hong Kong imports Knit Men's Suits primarily from: China ($66.3M), Italy ($13.5M), Vietnam ($7.92M), Cambodia ($5.86M), and Macau ($5.84M).

The fastest growing import markets in Knit Men's Suits for Hong Kong between 2021 and 2022 were Macau ($3.57M), Malaysia ($2.02M), and Indonesia ($1.29M).

COMPANIES In 2023, leading companies such as Key Tronic (6), Helly Hansen (4), and Giorgio Armani (3) were at the forefront of shipping Knit Men's Suits from Hong Kong to the United States.

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Knit Men's Suits. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$41M
IMPORTS (2022)$140M
NET TRADE (2022)-$98.5M

In 2022, Hong Kong exported $41M in Knit Men's Suits. The main destinations of Hong Kong exports on Knit Men's Suits were Macau ($5.46M), Mexico ($3.73M), Israel ($3.1M), Saudi Arabia ($2.98M), and China ($2.29M).

In 2022, Hong Kong imported $140M in Knit Men's Suits, mainly from China ($66.3M), Italy ($13.5M), Vietnam ($7.92M), Cambodia ($5.86M), and Macau ($5.84M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Men's Suits EXPORT MARKETS FOR Hong Kong WERE (2021 - 2022):
Macau$1.65M (43.3%)
Saudi Arabia$1.32M (80%)
South Korea$775k (640%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Men's Suits BY Hong Kong WERE (2021 - 2022):
Japan-$3.65M (-74.4%)
Israel-$1.73M (-35.8%)
United Kingdom-$1.41M (-55.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hong Kong's main exporting competitors in Knit Men's Suits were:
In 2022, Hong Kong'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+ $1.74M
TOP IMPORT POTENTIALChina+ $21.8M

Knit Men's Suits’s highest export potential is United States. With an export gap of $1.74M.   Knit Men's Suits’s highest import potential is China with an import gap of $21.8M.

See methodology.

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