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Suits, ensembles, jackets, blazers, trousers, bib and brace overalls, breeches, shorts (not swimwear); men's or boys', knitted or crocheted

6103 (Harmonized System 1992 for 4-digit)

2022
World Trade $16.6BRnk 257 / 1218
2022
Top Exporter | Top Importer $4.9B | $3.65BChina | United States
2022
Product Complexity -1.2Rnk 893 / 1033
2021 - 2022
Export Growth (CAGR) 13.6%Rnk 308 / 1218
2022
Share of World Trade 0.07%Rnk 257 / 1218

About

Overview This page contains the latest trade data of Knit Men's Suits. In 2022, Knit Men's Suits were the world's 257th most traded product, with a total trade of $16.6B. Between 2021 and 2022 the exports of Knit Men's Suits grew by 13.6%, from $14.7B to $16.6B. Trade in Knit Men's Suits represent 0.07% of total world trade.

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Exports In 2022 the top exporters of Knit Men's Suits  were China ($4.9B), Bangladesh ($1.43B), Vietnam ($1.42B), Cambodia ($1.04B), and Turkey ($736M).

Imports In 2022 the top importers of Knit Men's Suits were United States ($3.65B), Germany ($921M), United Kingdom ($799M), Japan ($742M), and Italy ($652M).

Ranking Knit Men's Suits ranks 893rd in the Product Complexity Index (PCI).

Description Men's suits are used to make clothing for men. Men's suits can be made from a variety of materials, including cotton, wool, silk, and polyester.

Latest Trends

Latest Data

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

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

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2022)China$4.9B
Top Destination (2022)United States$3.65B

In 2022 Knit Men's Suits were the world's 257th most traded product (out of 1,218).

In 2022, the top exporters of Knit Men's Suits were China ($4.9B), Bangladesh ($1.43B), Vietnam ($1.42B), Cambodia ($1.04B), and Turkey ($736M).

In 2022, the top importers of Knit Men's Suits were United States ($3.65B), Germany ($921M), United Kingdom ($799M), Japan ($742M), and Italy ($652M).

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Exporters of Knit Men's Suits (2022)
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Importers of Knit Men's Suits (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$297M
Top Destination Growth (2021 -  2022)United States$254M

Between 2021 and 2022, the exports of Knit Men's Suits grew the fastest in China ($297M), Belgium ($288M), Cambodia ($253M), Bangladesh ($240M), and Pakistan ($172M).

Between 2021 and 2022, the fastest growing importers of Knit Men's Suits were United States ($254M), Philippines ($212M), Germany ($146M), Italy ($137M), and France ($134M).

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Exporters of Knit Men's Suits (2021 - 2022)

Importers of Knit Men's Suits (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Knit Men's Suits.

In 2022, market concentration measured using Shannon Entropy, was 4.33. This means that most of the exports of Knit Men's Suits are explained by 20 countries.

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Value of Exports in Knit Men's Suits

Net Trade

TOP NET EXPORTER (2022)China$4.68B
TOP NET IMPORTER (2022)United States$3.54B

This map shows which countries export or import more of Knit Men's Suits. Each country is colored based on the difference in exports and imports of Knit Men's Suits during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Knit Men's Suits were China ($4.68B), Bangladesh ($1.43B), Vietnam ($1.33B), Cambodia ($1.03B), and Pakistan ($695M).

In 2022, the countries that had a largest trade value in imports than in exports of Knit Men's Suits were United States ($3.54B), United Kingdom ($728M), Japan ($724M), Germany ($614M), and France ($438M).

Net Trade (2022)

Disaggregation

Value

In 2022, the world most traded Knit Men's Suits, disaggragated by their HS6 level were Mens, boys trousers & shorts, of... ($7.46B), Mens, boys trousers, shorts, of synthetic... ($5.39B), Mens, boys jackets & blazers, synthetic... ($866M), Mens, boys jackets & blazers, cotton,... ($710M), and Mens, boys trousers & shorts, of... ($653M)

HS6 Disaggregation for Knit Men's Suits (2022)
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Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Knit Men's Suits.
It is possible to select the main countries that export or import Knit Men's Suits in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Knit Men's Suits by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALChina+ $33.6M
TOP IMPORT POTENTIALChina+ $23M

Knit Men's Suits’s highest export potential is China. With an export gap of $33.6M.  Knit Men's Suits’s highest import potential is China with an import gap of $23M.

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Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2022)

Related Products

This visualization shows products that are likely to be exported by countries that export Knit Men's Suits.

Country by Relatedness

The following visualization shows the relatedness of Knit Men's Suits to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2022)

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