Knit Babies' Garments in United States | The Observatory of Economic Complexity

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Exports In 2022, United States exported $49.2M in Knit Babies' Garments, making it the 24th largest exporter of Knit Babies' Garments in the world. At the same year, Knit Babies' Garments was the 867th most exported product in United States. The main destination of Knit Babies' Garments exports from United States are: Canada ($16.5M), United Arab Emirates ($7.28M), Hong Kong ($5.37M), Mexico ($4.47M), and Venezuela ($1.73M).

The fastest growing export markets for Knit Babies' Garments of United States between 2021 and 2022 were Hong Kong ($4.95M), Canada ($1.37M), and United Arab Emirates ($1.35M).

Imports In 2022, United States imported $2.31B in Knit Babies' Garments, becoming the 1st largest importer of Knit Babies' Garments in the world. At the same year, Knit Babies' Garments was the 220th most imported product in United States. United States imports Knit Babies' Garments primarily from: China ($573M), India ($385M), Cambodia ($353M), Vietnam ($346M), and Bangladesh ($162M).

The fastest growing import markets in Knit Babies' Garments for United States between 2021 and 2022 were India ($57.3M), Vietnam ($17.2M), and Bangladesh ($13.5M).

COMPANIES In 2023, leading companies such as OLD NAVY (CANADA) INC (31k), WAL-MART INC. (12.3k), and H&M HENNES & MAURITZ L.P (5.34k) were at the forefront of shipping Knit Babies' Garments to the United States.

Latest Trends

January 2024

About

Overview In January 2024 United States' Knit Babies' Garments exports accounted up to $3.9M and imports accounted up to $120M, resulting in a negative trade balance of $116M. Between January 2023 and January 2024 the exports of United States' Knit Babies' Garments have decreased by $-1.31M (-25.2%) from $5.21M to $3.9M, while imports decreased by $-17.9M (-13%) from $138M to $120M.

Destinations In January 2024, Knit Babies' Garments were exported mostly to Canada ($1.51M), United Arab Emirates ($746k), Poland ($502k), Mexico ($372k), and Venezuela ($127k), and were imported mostly from China ($36.4M), India ($21.2M), Vietnam ($20M), Cambodia ($10.2M), and Bangladesh ($9.91M).

Growth In January 2024, the decrease in Knit Babies' Garments's year-by-year exports was explained primarily by a decrease in exports to Trinidad and Tobago ($-65.7k or -49.4%), Switzerland ($-49.4k or -94.7%), and Panama ($-38.8k or -80.3%). In January 2024, the decrease in Knit Babies' Garments's year-by-year imports was explained primarily by a decrease in imports from China ($-14.8M or -28.5%), India ($-10.3M or -30.2%), and Cambodia ($-9.21M or -33.4%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)$-1.31M(-25.2%)

IMPORT GROWTH (January 2023 - January 2024)$-17.9M(-13%)

MAIN EXPORTER (January 2024)New Jersey$978k

MAIN DESTINATION (January 2024)Canada$1.51M

This section shows Knit Babies' 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 Knit Babies' Garments over time.

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