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2022
Exports $120MWorld Rnk 17 / 210
Flag Rnk 707 / 1217
2022
Destination $13M Canada
2021 - 2022
FASTEST GROWING MARKET $13MCanada
2022
PRODUCT COMPLEXITY IN Other Knit Garments-1.33Rnk 917 / 1025
2022
Imports $2.12BWorld Rnk 1 / 217
Flag Rnk 236 / 1216
2022
Origin $168M China
2021 - 2022
FASTEST GROWING ORIGIN $168MChina
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $120M in Other Knit Garments, making it the 17th largest exporter of Other Knit Garments in the world. At the same year, Other Knit Garments was the 707th most exported product in United States. The main destination of Other Knit Garments exports from United States are: Canada ($38.5M), Mexico ($19.5M), Japan ($7.55M), Israel ($5.56M), and France ($5.11M).

The fastest growing export markets for Other Knit Garments of United States between 2021 and 2022 were Canada ($13M), Kuwait ($3.34M), and China ($2.57M).

Imports In 2022, United States imported $2.12B in Other Knit Garments, becoming the 1st largest importer of Other Knit Garments in the world. At the same year, Other Knit Garments was the 236th most imported product in United States. United States imports Other Knit Garments primarily from: China ($945M), Vietnam ($314M), India ($158M), Indonesia ($89.3M), and Cambodia ($82.8M).

The fastest growing import markets in Other Knit Garments for United States between 2021 and 2022 were China ($168M), India ($56.8M), and Vietnam ($34.6M).

COMPANIES In 2023, leading companies such as Old Navy (437), Gap (120), and American Eagle Outfitters (75) were at the forefront of shipping Other Knit Garments to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United States' Other Knit Garments exports accounted up to $10.6M and imports accounted up to $133M, resulting in a negative trade balance of $122M. Between June 2023 and June 2024 the exports of United States'   Other Knit Garments have increased by $1.32M (14.2%) from $9.27M to $10.6M, while imports increased by $5.13M (4.02%) from $127M to $133M.

Destinations In June 2024, Other Knit Garments were exported mostly to Mexico ($3.19M), Canada ($2.88M), United Kingdom ($1.08M), Panama ($737k), and Japan ($492k), and were imported mostly from China ($54M), Vietnam ($26.8M), Indonesia ($8.35M), Cambodia ($5.95M), and Mexico ($4.42M).

Growth In June 2024, the increase in Other Knit Garments's year-by-year exports was explained primarily by an increase in exports to United Kingdom ($1.17M or 713%), Canada ($926k or 36.6%), and Hong Kong ($208k or 1.16k%). In June 2024, the increase in Other Knit Garments's year-by-year imports was explained primarily by an increase in imports from Nicaragua ($9.94M or 486%), Indonesia ($8.34M or 122%), and Bangladesh ($2M or 38.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$1.32M(14.2%)
IMPORT GROWTH (June 2023 - June 2024)$5.13M(4.02%)
MAIN EXPORTER (June 2024)California$5.61M
MAIN DESTINATION (June 2024)Mexico$3.19M

This section shows Other Knit Garments's exports and imports data at subnational level for United States. 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 Garments over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$120M
IMPORTS (2022)$2.12B
NET TRADE (2022)-$2B

In 2022, United States exported $120M in Other Knit Garments. The main destinations of United States exports on Other Knit Garments were Canada ($38.5M), Mexico ($19.5M), Japan ($7.55M), Israel ($5.56M), and France ($5.11M).

In 2022, United States imported $2.12B in Other Knit Garments, mainly from China ($945M), Vietnam ($314M), India ($158M), Indonesia ($89.3M), and Cambodia ($82.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Knit Garments EXPORT MARKETS FOR United States WERE (2021 - 2022):
Canada$13M (51.1%)
Kuwait$3.34M (1.18k%)
China$2.57M (292%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Knit Garments BY United States WERE (2021 - 2022):
Mexico-$5.97M (-23.4%)
Italy-$1.93M (-36%)
Hong Kong-$892k (-31.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Other Knit Garments were:
China $3.22B
Bangladesh $791M
Vietnam $607M
In 2022, United States's main importing competitors in Other Knit Garments were:
Germany $894M
Spain $498M

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Trade Value of Other Knit Garments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCanada+ $4.41M
TOP IMPORT POTENTIALBangladesh+ $57M

Other Knit Garments’s highest export potential is Canada. With an export gap of $4.41M.   Other Knit Garments’s highest import potential is Bangladesh with an import gap of $57M.

See methodology.

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