Knit Sweaters in China | The Observatory of Economic Complexity

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Exports In 2022, China exported $20.4B in Knit Sweaters, making it the 1st largest exporter of Knit Sweaters in the world. At the same year, Knit Sweaters was the 32nd most exported product in China. The main destination of Knit Sweaters exports from China are: United States ($3.49B), Japan ($2.63B), Germany ($1.13B), South Korea ($845M), and United Kingdom ($824M).

The fastest growing export markets for Knit Sweaters of China between 2021 and 2022 were Kyrgyzstan ($269M), Kazakhstan ($197M), and United Kingdom ($127M).

Imports In 2022, China imported $1.08B in Knit Sweaters, becoming the 14th largest importer of Knit Sweaters in the world. At the same year, Knit Sweaters was the 209th most imported product in China. China imports Knit Sweaters primarily from: Italy ($242M), France ($191M), China ($171M), Vietnam ($108M), and Cambodia ($41.3M).

The fastest growing import markets in Knit Sweaters for China between 2021 and 2022 were France ($49.1M), Thailand ($6.11M), and Italy ($5.77M).

COMPANIES In 2023, leading companies such as H&M HENNES & MAURITZ L.P (8.77k), ADIDAS INTERNATIONAL TRADING AG (2.86k), and BANANA REPUBLIC LLC (1.16k) were at the forefront of shipping Knit Sweaters from China to the United States.

Latest Trends

February 2024

About

Overview In February 2024 China's Knit Sweaters exports accounted up to $811M and imports accounted up to $82.7M, resulting in a positive trade balance of $728M. Between February 2023 and February 2024 the exports of China's Knit Sweaters have increased by $196M (31.8%) from $615M to $811M, while imports decreased by $-14.3M (-14.8%) from $97M to $82.7M.

Destinations In February 2024, Knit Sweaters were exported mostly to United States ($158M), Japan ($103M), Australia ($81.4M), South Korea ($48.2M), and Brazil ($32.7M), and were imported mostly from Italy ($37.7M), China ($6.72M), Vietnam ($5.62M), South Korea ($5.37M), and Portugal ($4.72M).

Growth In February 2024, the increase in Knit Sweaters's year-by-year exports was explained primarily by an increase in exports to Brazil ($23.3M or 69.8%), Kazakhstan ($18.8M or 123%), and Vietnam ($13.9M or 153%). In February 2024, the decrease in Knit Sweaters's year-by-year imports was explained primarily by a decrease in imports from Vietnam ($-12.2M or -44.7%), China ($-8.55M or -50.5%), and Italy ($-5.58M or -11.3%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$196M(31.8%)

IMPORT GROWTH (February 2023 - February 2024)$-14.3M(-14.8%)

MAIN EXPORTER (February 2024)Zhejiang Province$326M

MAIN DESTINATION (February 2024)United States$158M

This section shows Knit Sweaters's exports and imports data at subnational level for China. 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 Sweaters over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$20.4B

IMPORTS (2022)$1.08B

NET TRADE (2022)$19.4B

In 2022, China exported $20.4B in Knit Sweaters. The main destinations of China exports on Knit Sweaters were United States ($3.49B), Japan ($2.63B), Germany ($1.13B), South Korea ($845M), and United Kingdom ($824M).

In 2022, China imported $1.08B in Knit Sweaters, mainly from Italy ($242M), France ($191M), China ($171M), Vietnam ($108M), and Cambodia ($41.3M).

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