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2022
Exports $11.7MWorld Rnk 51 / 190
Flag Rnk 759 / 1210
2022
Destination $2.67M United States
2021 - 2022
FASTEST GROWING MARKET $2.67MAustralia
2022
PRODUCT COMPLEXITY IN Knit Men's Undergarments-1.37Rnk 926 / 1025
2022
Imports $226MWorld Rnk 10 / 217
Flag Rnk 379 / 1213
2022
Origin $6.66M China
2021 - 2022
FASTEST GROWING ORIGIN $6.66MSri Lanka
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $11.7M in Knit Men's Undergarments, making it the 51st largest exporter of Knit Men's Undergarments in the world. At the same year, Knit Men's Undergarments was the 759th most exported product in Canada. The main destination of Knit Men's Undergarments exports from Canada are: United States ($7.27M), Australia ($2.8M), Israel ($479k), Japan ($350k), and Canada ($251k).

The fastest growing export markets for Knit Men's Undergarments of Canada between 2021 and 2022 were Australia ($2.67M), Israel ($476k), and Canada ($161k).

Imports In 2022, Canada imported $226M in Knit Men's Undergarments, becoming the 10th largest importer of Knit Men's Undergarments in the world. At the same year, Knit Men's Undergarments was the 379th most imported product in Canada. Canada imports Knit Men's Undergarments primarily from: China ($57.5M), Cambodia ($38.4M), Bangladesh ($34.3M), India ($21M), and Vietnam ($20.5M).

The fastest growing import markets in Knit Men's Undergarments for Canada between 2021 and 2022 were Sri Lanka ($6.66M), Bangladesh ($5.64M), and Vietnam ($2M).

Latest Trends

June 2024

About

Overview In June 2024 Canada's Knit Men's Undergarments exports accounted up to C$59.2k and imports accounted up to C$20.4M, resulting in a negative trade balance of C$20.3M. Between June 2023 and June 2024 the exports of Canada's   Knit Men's Undergarments have increased by C$21.1k (55.3%) from C$38.1k to C$59.2k, while imports decreased by C$-2.18M (-9.64%) from C$22.6M to C$20.4M.

Destinations In June 2024, Knit Men's Undergarments were exported mostly to United States (C$49.4k), United Kingdom (C$4.54k), Chinese Taipei (C$4.2k), Austria (C$570), and Germany (C$514), and were imported mostly from China (C$5.74M), Cambodia (C$3.57M), Bangladesh (C$2.91M), Vietnam (C$2.56M), and India (C$1.57M).

Growth In June 2024, the increase in Knit Men's Undergarments's year-by-year exports was explained primarily by an increase in exports to . In June 2024, the decrease in Knit Men's Undergarments's year-by-year imports was explained primarily by a decrease in imports from China (C$-361k or -10.3%), Honduras (C$-302k or -61.7%), and Bangladesh (C$-129k or -3.61%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)C$21.1k(55.3%)
IMPORT GROWTH (June 2023 - June 2024)C$-2.18M(-9.64%)
MAIN EXPORTER (June 2024)QuebecC$84.2k
MAIN DESTINATION (June 2024)United StatesC$49.4k

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

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Historical Data

Trade Balance

Color
EXPORTS (2022)$11.7M
IMPORTS (2022)$226M
NET TRADE (2022)-$214M

In 2022, Canada exported $11.7M in Knit Men's Undergarments. The main destinations of Canada exports on Knit Men's Undergarments were United States ($7.27M), Australia ($2.8M), Israel ($479k), Japan ($350k), and Canada ($251k).

In 2022, Canada imported $226M in Knit Men's Undergarments, mainly from China ($57.5M), Cambodia ($38.4M), Bangladesh ($34.3M), India ($21M), and Vietnam ($20.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Men's Undergarments EXPORT MARKETS FOR Canada WERE (2021 - 2022):
Australia$2.67M (2.01k%)
Israel$476k (17k%)
Canada$161k (178%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Men's Undergarments BY Canada WERE (2021 - 2022):
United States-$3.17M (-30.4%)
United Arab Emirates-$324k (-83.3%)
Mozambique-$26.5k (-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 Men's Undergarments were:
China $3.23B
Bangladesh $1.2B
Vietnam $715M
In 2022, Canada's main importing competitors in Knit Men's Undergarments were:
United States $2.31B
Germany $772M
United Kingdom $503M

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Trade Value of Knit Men's Undergarments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $7.17M
TOP IMPORT POTENTIALBangladesh+ $11.7M

Knit Men's Undergarments’s highest export potential is United States. With an export gap of $7.17M.   Knit Men's Undergarments’s highest import potential is Bangladesh with an import gap of $11.7M.

See methodology.

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