2023
Exports
$294MWorld Rnk 3 / 194
Flag Rnk 162 / 1173
2023
PRODUCT COMPLEXITY IN Knit Gloves
-1.13Rnk 865 / 1025
2023
Imports
$56.1MWorld Rnk 22 / 222
Flag Rnk 507 / 1199
2023
ECONOMIC COMPLEXITY of Vietnam
0.067Rnk 60 / 132

About

Exports In 2023, Vietnam exported $294M in Knit Gloves, making it the 3rd largest exporter of Knit Gloves in the world. At the same year, Knit Gloves was the 162nd most exported product in Vietnam. The main destination of Knit Gloves exports from Vietnam are: United States ($82.5M), Japan ($52.5M), Canada ($24.1M), Germany ($15.8M), and Netherlands ($14.8M).

The fastest growing export markets for Knit Gloves of Vietnam between 2022 and 2023 were Spain ($4.14M), Mexico ($1.54M), and China ($1.48M).

Imports In 2023, Vietnam imported $56.1M in Knit Gloves, becoming the 22nd largest importer of Knit Gloves in the world. At the same year, Knit Gloves was the 507th most imported product in Vietnam. Vietnam imports Knit Gloves primarily from: China ($54.2M), Malaysia ($433k), Pakistan ($276k), Indonesia ($202k), and Sri Lanka ($179k).

The fastest growing import markets in Knit Gloves for Vietnam between 2022 and 2023 were China ($23.1M), Indonesia ($114k), and Netherlands ($48.2k).

COMPANIES In 2024, leading companies such as Michael Kors (5) and Adidas (2) were at the forefront of shipping Knit Gloves from Vietnam to the United States.

Latest Trends

Dec 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 Gloves. 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 (2023)$294M
IMPORTS (2023)$56.1M
NET TRADE (2023)$238M

In 2023, Vietnam exported $294M in Knit Gloves. The main destinations of Vietnam exports on Knit Gloves were United States ($82.5M), Japan ($52.5M), Canada ($24.1M), Germany ($15.8M), and Netherlands ($14.8M).

In 2023, Vietnam imported $56.1M in Knit Gloves, mainly from China ($54.2M), Malaysia ($433k), Pakistan ($276k), Indonesia ($202k), and Sri Lanka ($179k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Knit Gloves EXPORT MARKETS FOR Vietnam WERE (2022 - 2023):
Spain$4.14M (134%)
Mexico$1.54M (22.4%)
China$1.48M (30.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Gloves BY Vietnam WERE (2022 - 2023):
South Korea-$75.5M (-100%)
United States-$17.3M (-17.4%)
Japan-$7.14M (-12%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Vietnam's main exporting competitors in Knit Gloves were:
In 2023, Vietnam's main importing competitors in Knit Gloves were:

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Trade Value of Knit Gloves by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $8.58M
TOP IMPORT POTENTIALChina+ $13.7M

Knit Gloves’s highest export potential is United States. With an export gap of $8.58M.   Knit Gloves’s highest import potential is China with an import gap of $13.7M.

See methodology.

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