2022
Exports
$482MWorld Rnk 5 / 197
Flag Rnk 127 / 1176
2022
PRODUCT COMPLEXITY IN Knit Babies' Garments
-1.54Rnk 952 / 1025
2022
Imports
$21.2MWorld Rnk 52 / 216
Flag Rnk 728 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $482M in Knit Babies' Garments, making it the 5th largest exporter of Knit Babies' Garments in the world. At the same year, Knit Babies' Garments was the 127th most exported product in Vietnam. The main destination of Knit Babies' Garments exports from Vietnam are: United States ($346M), South Korea ($21.8M), Canada ($21.7M), France ($15.3M), and United Kingdom ($10.2M).

The fastest growing export markets for Knit Babies' Garments of Vietnam between 2021 and 2022 were United States ($17.2M), France ($7.42M), and South Korea ($5.98M).

Imports In 2022, Vietnam imported $21.2M in Knit Babies' Garments, becoming the 52nd largest importer of Knit Babies' Garments in the world. At the same year, Knit Babies' Garments was the 728th most imported product in Vietnam. Vietnam imports Knit Babies' Garments primarily from: China ($12.3M), Thailand ($3.25M), Cambodia ($1.75M), Indonesia ($1.22M), and India ($582k).

The fastest growing import markets in Knit Babies' Garments for Vietnam between 2021 and 2022 were Thailand ($1.28M), China ($1.11M), and Cambodia ($708k).

COMPANIES In 2023, leading companies such as Old Navy (591), Gap (450), and Halyard Health (9) were at the forefront of shipping Knit Babies' Garments from Vietnam to the United States.

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

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

The following visualization shows the latest trends on Knit Babies' Garments. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$482M
IMPORTS (2022)$21.2M
NET TRADE (2022)$461M

In 2022, Vietnam exported $482M in Knit Babies' Garments. The main destinations of Vietnam exports on Knit Babies' Garments were United States ($346M), South Korea ($21.8M), Canada ($21.7M), France ($15.3M), and United Kingdom ($10.2M).

In 2022, Vietnam imported $21.2M in Knit Babies' Garments, mainly from China ($12.3M), Thailand ($3.25M), Cambodia ($1.75M), Indonesia ($1.22M), and India ($582k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Babies' Garments EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
United States$17.2M (5.22%)
France$7.42M (94.8%)
South Korea$5.98M (37.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Babies' Garments BY Vietnam WERE (2021 - 2022):
China-$2.72M (-25.8%)
Japan-$1.63M (-20.4%)
Russia-$1.01M (-92.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Knit Babies' Garments were:
China $2.45B
India $1.08B
In 2022, Vietnam's main importing competitors in Knit Babies' Garments were:

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Trade Value of Knit Babies' Garments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $8.26M
TOP IMPORT POTENTIALChina+ $10.1M

Knit Babies' Garments’s highest export potential is China. With an export gap of $8.26M.   Knit Babies' Garments’s highest import potential is China with an import gap of $10.1M.

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