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2022
Exports $63.2MWorld Rnk 9 / 195
Flag Rnk 485 / 1216
2022
Destination $3.88M Saudi Arabia
2021 - 2022
FASTEST GROWING MARKET $3.88MSaudi Arabia
2022
PRODUCT COMPLEXITY IN Other Knit Clothing Accessories-1.29Rnk 906 / 1025
2022
Imports $101MWorld Rnk 7 / 218
Flag Rnk 590 / 1214
2022
Origin $6.11M China
2021 - 2022
FASTEST GROWING ORIGIN $6.11MFrance
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $63.2M in Other Knit Clothing Accessories, making it the 9th largest exporter of Other Knit Clothing Accessories in the world. At the same year, Other Knit Clothing Accessories was the 485th most exported product in United Kingdom. The main destination of Other Knit Clothing Accessories exports from United Kingdom are: Saudi Arabia ($25.3M), Hong Kong ($6.6M), South Korea ($5.32M), Netherlands ($4.02M), and France ($2.61M).

The fastest growing export markets for Other Knit Clothing Accessories of United Kingdom between 2021 and 2022 were Saudi Arabia ($3.88M), Netherlands ($2.95M), and Hong Kong ($2.88M).

Imports In 2022, United Kingdom imported $101M in Other Knit Clothing Accessories, becoming the 7th largest importer of Other Knit Clothing Accessories in the world. At the same year, Other Knit Clothing Accessories was the 590th most imported product in United Kingdom. United Kingdom imports Other Knit Clothing Accessories primarily from: China ($49.6M), Italy ($16.9M), France ($8.3M), Turkey ($2.45M), and Germany ($2.24M).

The fastest growing import markets in Other Knit Clothing Accessories for United Kingdom between 2021 and 2022 were France ($6.11M), Italy ($5.55M), and Ireland ($1.77M).

COMPANIES In 2023, leading companies such as Amazon (1) were at the forefront of shipping Other Knit Clothing Accessories from United Kingdom to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United Kingdom's Other Knit Clothing Accessories exports accounted up to £2.08M and imports accounted up to £2.47M, resulting in a negative trade balance of £389k. Between June 2023 and June 2024 the exports of United Kingdom's   Other Knit Clothing Accessories have decreased by £-1.34M (-39.1%) from £3.42M to £2.08M, while imports decreased by £-638k (-20.5%) from £3.11M to £2.47M.

Destinations In June 2024, Other Knit Clothing Accessories were exported mostly to France (£836k), Malaysia (£199k), Macau (£196k), South Korea (£167k), and United States (£137k), and were imported mostly from China (£1.07M), Pakistan (£299k), Italy (£182k), Turkey (£123k), and France (£103k).

Growth In June 2024, the decrease in Other Knit Clothing Accessories's year-by-year exports was explained primarily by a decrease in exports to Saudi Arabia (£-737k or -38.2%), South Korea (£-346k or -76.2%), and France (£-249k or -71%). In June 2024, the decrease in Other Knit Clothing Accessories's year-by-year imports was explained primarily by a decrease in imports from China (£-710k or -33.3%), Sri Lanka (£-66k or -80.6%), and Belgium (£-52.8k or -59.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)£-1.34M(-39.1%)
IMPORT GROWTH (June 2023 - June 2024)£-638k(-20.5%)
MAIN EXPORTER (June 2024)East Midlands Airport£1.09M
MAIN DESTINATION (June 2024)France£836k

This section shows Other Knit Clothing Accessories'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 Other Knit Clothing Accessories over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$63.2M
IMPORTS (2022)$101M
NET TRADE (2022)-$38M

In 2022, United Kingdom exported $63.2M in Other Knit Clothing Accessories. The main destinations of United Kingdom exports on Other Knit Clothing Accessories were Saudi Arabia ($25.3M), Hong Kong ($6.6M), South Korea ($5.32M), Netherlands ($4.02M), and France ($2.61M).

In 2022, United Kingdom imported $101M in Other Knit Clothing Accessories, mainly from China ($49.6M), Italy ($16.9M), France ($8.3M), Turkey ($2.45M), and Germany ($2.24M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Knit Clothing Accessories EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
Saudi Arabia$3.88M (18.2%)
Netherlands$2.95M (275%)
Hong Kong$2.88M (77.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Knit Clothing Accessories BY United Kingdom WERE (2021 - 2022):
France-$1.21M (-31.7%)
Japan-$629k (-19.9%)
Ireland-$522k (-33.7%)
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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 Other Knit Clothing Accessories were:
China $1.94B
Italy $239M
Germany $109M
In 2022, United Kingdom's main importing competitors in Other Knit Clothing Accessories were:
United States $489M
Germany $218M
South Korea $166M

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Trade Value of Other Knit Clothing Accessories by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $1.64M
TOP IMPORT POTENTIALChina+ $2.28M

Other Knit Clothing Accessories’s highest export potential is Germany. With an export gap of $1.64M.   Other Knit Clothing Accessories’s highest import potential is China with an import gap of $2.28M.

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