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2022
Exports $10.9MWorld Rnk 44 / 197
Flag Rnk 765 / 1210
2022
Destination $249k United States
2021 - 2022
FASTEST GROWING MARKET $249kUnited States
2022
PRODUCT COMPLEXITY IN Knit Babies' Garments-1.54Rnk 952 / 1025
2022
Imports $222MWorld Rnk 10 / 216
Flag Rnk 383 / 1213
2022
Origin $5.24M China
2021 - 2022
FASTEST GROWING ORIGIN $5.24MVietnam
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $10.9M in Knit Babies' Garments, making it the 44th largest exporter of Knit Babies' Garments in the world. At the same year, Knit Babies' Garments was the 765th most exported product in Canada. The main destination of Knit Babies' Garments exports from Canada are: United States ($10.1M), France ($187k), United Kingdom ($98.3k), Australia ($52.3k), and Kuwait ($40.6k).

The fastest growing export markets for Knit Babies' Garments of Canada between 2021 and 2022 were United States ($249k), France ($62.5k), and Kuwait ($28.5k).

Imports In 2022, Canada imported $222M in Knit Babies' Garments, becoming the 10th largest importer of Knit Babies' Garments in the world. At the same year, Knit Babies' Garments was the 383rd most imported product in Canada. Canada imports Knit Babies' Garments primarily from: China ($77.8M), Cambodia ($29.4M), India ($23.9M), Bangladesh ($22M), and Vietnam ($21.7M).

The fastest growing import markets in Knit Babies' Garments for Canada between 2021 and 2022 were Vietnam ($5.24M), Bangladesh ($4.96M), and Cambodia ($1.74M).

Latest Trends

June 2024

About

Overview In June 2024 Canada's Knit Babies' Garments exports accounted up to C$83.1k and imports accounted up to C$22.6M, resulting in a negative trade balance of C$22.5M. Between June 2023 and June 2024 the exports of Canada's   Knit Babies' Garments have increased by C$67.7k (438%) from C$15.4k to C$83.1k, while imports decreased by C$-3.52M (-13.5%) from C$26.1M to C$22.6M.

Destinations In June 2024, Knit Babies' Garments were exported mostly to China (C$70.3k), United Kingdom (C$10.6k), United States (C$1.7k), and Austria (C$565), and were imported mostly from China (C$9.13M), India (C$3.23M), Cambodia (C$3.17M), Vietnam (C$2.67M), and Bangladesh (C$2.47M).

Growth In June 2024, the increase in Knit Babies' Garments's year-by-year exports was explained primarily by an increase in exports to Australia (C$5.77k or 238%). In June 2024, the decrease in Knit Babies' Garments's year-by-year imports was explained primarily by a decrease in imports from Vietnam (C$-513k or -26.2%), India (C$-460k or -14.7%), and Ethiopia (C$-141k or -86.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)C$67.7k(438%)
IMPORT GROWTH (June 2023 - June 2024)C$-3.52M(-13.5%)
MAIN EXPORTER (June 2024)British ColumbiaC$70.7k
MAIN DESTINATION (June 2024)ChinaC$70.3k

This section shows Knit Babies' Garments'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 Babies' Garments over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$10.9M
IMPORTS (2022)$222M
NET TRADE (2022)-$212M

In 2022, Canada exported $10.9M in Knit Babies' Garments. The main destinations of Canada exports on Knit Babies' Garments were United States ($10.1M), France ($187k), United Kingdom ($98.3k), Australia ($52.3k), and Kuwait ($40.6k).

In 2022, Canada imported $222M in Knit Babies' Garments, mainly from China ($77.8M), Cambodia ($29.4M), India ($23.9M), Bangladesh ($22M), and Vietnam ($21.7M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Babies' Garments EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$249k (2.52%)
France$62.5k (50%)
Kuwait$28.5k (234%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Babies' Garments BY Canada WERE (2021 - 2022):
Austria-$68.3k (-66.2%)
United Arab Emirates-$57.4k (-63.5%)
Iceland-$29.7k (-100%)
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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 Babies' Garments were:
China $2.45B
Bangladesh $1.29B
India $1.08B
In 2022, Canada's main importing competitors in Knit Babies' Garments were:
United States $2.31B
Germany $759M
United Kingdom $629M

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Trade Value of Knit Babies' Garments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $7.45M
TOP IMPORT POTENTIALBangladesh+ $10.8M

Knit Babies' Garments’s highest export potential is United States. With an export gap of $7.45M.   Knit Babies' Garments’s highest import potential is Bangladesh with an import gap of $10.8M.

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