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2022
Exports $1.76BWorld Rnk 27 / 226
Flag Rnk 32 / 96
2022
Destination $26.5M Netherlands
2021 - 2022
FASTEST GROWING MARKET $26.5MBangladesh
2022
PRODUCT COMPLEXITY IN Knitted clothing accesories-0.71Rnk 761 / 1025
2022
Imports $14.1BWorld Rnk 3 / 224
Flag Rnk 9 / 96
2022
Origin $894M China
2021 - 2022
FASTEST GROWING ORIGIN $894MBangladesh
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $1.76B in Knitted clothing accesories, making it the 27th largest exporter of Knitted clothing accesories in the world. At the same year, Knitted clothing accesories was the 32nd most exported product in United Kingdom. The main destination of Knitted clothing accesories exports from United Kingdom are: Netherlands ($219M), Ireland ($213M), Germany ($158M), United States ($157M), and France ($112M).

The fastest growing export markets for Knitted clothing accesories of United Kingdom between 2021 and 2022 were Bangladesh ($26.5M), Kuwait ($21.2M), and United Arab Emirates ($12.4M).

Imports In 2022, United Kingdom imported $14.1B in Knitted clothing accesories, becoming the 3rd largest importer of Knitted clothing accesories in the world. At the same year, Knitted clothing accesories was the 9th most imported product in United Kingdom. United Kingdom imports Knitted clothing accesories primarily from: China ($3.13B), Bangladesh ($2.81B), Turkey ($1.38B), Cambodia ($851M), and Pakistan ($819M).

The fastest growing import markets in Knitted clothing accesories for United Kingdom between 2021 and 2022 were Bangladesh ($894M), Cambodia ($335M), and China ($332M).

COMPANIES In 2023, leading companies such as Amazon (15), JP Boden Services (1), and Helly Hansen (1) were at the forefront of shipping Knitted clothing accesories from United Kingdom to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United Kingdom's Knitted clothing accesories exports accounted up to £132M and imports accounted up to £620M, resulting in a negative trade balance of £488M. Between June 2023 and June 2024 the exports of United Kingdom's   Knitted clothing accesories have increased by £4.44M (3.48%) from £128M to £132M, while imports decreased by £-71.2M (-10.3%) from £692M to £620M.

Destinations In June 2024, Knitted clothing accesories were exported mostly to France (£20.5M), Malaysia (£20M), Ireland (£12.2M), United States (£11.9M), and Netherlands (£11.2M), and were imported mostly from Bangladesh (£105M), China (£98.7M), Turkey (£62.9M), Italy (£40.9M), and Pakistan (£30M).

Growth In June 2024, the increase in Knitted clothing accesories's year-by-year exports was explained primarily by an increase in exports to South Korea (£8.88M or 53.3%), Netherlands (£7.35M or 73.3%), and Vietnam (£3.18M or 479%). In June 2024, the decrease in Knitted clothing accesories's year-by-year imports was explained primarily by a decrease in imports from China (£-33.4M or -19.7%), Italy (£-9.46M or -18.1%), and Germany (£-5.42M or -12.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)£4.44M(3.48%)
IMPORT GROWTH (June 2023 - June 2024)£-71.2M(-10.3%)
MAIN EXPORTER (June 2024)London Heathrow Airport£45.4M
MAIN DESTINATION (June 2024)France£20.5M

This section shows Knitted clothing accesories'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 Knitted clothing accesories over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.76B
IMPORTS (2022)$14.1B
NET TRADE (2022)-$12.3B

In 2022, United Kingdom exported $1.76B in Knitted clothing accesories. The main destinations of United Kingdom exports on Knitted clothing accesories were Netherlands ($219M), Ireland ($213M), Germany ($158M), United States ($157M), and France ($112M).

In 2022, United Kingdom imported $14.1B in Knitted clothing accesories, mainly from China ($3.13B), Bangladesh ($2.81B), Turkey ($1.38B), Cambodia ($851M), and Pakistan ($819M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knitted clothing accesories EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
Bangladesh$26.5M (37.8k%)
Kuwait$21.2M (237%)
United Arab Emirates$12.4M (33.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knitted clothing accesories BY United Kingdom WERE (2021 - 2022):
Germany-$107M (-40.4%)
Ireland-$72.7M (-25.4%)
South Korea-$41.1M (-26.8%)
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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 Knitted clothing accesories were:
China $83.9B
Bangladesh $30.6B
Vietnam $19.1B
In 2022, United Kingdom's main importing competitors in Knitted clothing accesories were:
United States $62.6B
Germany $28.4B

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Trade Value of Knitted clothing accesories by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $135M
TOP IMPORT POTENTIALChina+ $437M

Knitted clothing accesories’s highest export potential is United States. With an export gap of $135M.   Knitted clothing accesories’s highest import potential is China with an import gap of $437M.

See methodology.

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