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2022
Exports $71MWorld Rnk 31 / 207
Flag Rnk 469 / 1216
2022
Destination $1.09M Netherlands
2021 - 2022
FASTEST GROWING MARKET $1.09MItaly
2022
PRODUCT COMPLEXITY IN Knit Men's Suits-1.32Rnk 915 / 1025
2022
Imports $799MWorld Rnk 3 / 221
Flag Rnk 165 / 1214
2022
Origin $51.8M China
2021 - 2022
FASTEST GROWING ORIGIN $51.8MCambodia
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $71M in Knit Men's Suits, making it the 31st largest exporter of Knit Men's Suits in the world. At the same year, Knit Men's Suits was the 469th most exported product in United Kingdom. The main destination of Knit Men's Suits exports from United Kingdom are: Netherlands ($10.1M), Ireland ($7.34M), Germany ($7.14M), United States ($4.86M), and Belgium ($4.74M).

The fastest growing export markets for Knit Men's Suits of United Kingdom between 2021 and 2022 were Italy ($1.09M), Macau ($723k), and Japan ($445k).

Imports In 2022, United Kingdom imported $799M in Knit Men's Suits, becoming the 3rd largest importer of Knit Men's Suits in the world. At the same year, Knit Men's Suits was the 165th most imported product in United Kingdom. United Kingdom imports Knit Men's Suits primarily from: China ($120M), Pakistan ($119M), Bangladesh ($112M), Cambodia ($94M), and Turkey ($78.7M).

The fastest growing import markets in Knit Men's Suits for United Kingdom between 2021 and 2022 were Cambodia ($51.8M), Bangladesh ($31.3M), and Pakistan ($10.4M).

COMPANIES In 2023, leading companies such as Amazon (1) were at the forefront of shipping Knit Men's Suits from United Kingdom to the United States.

Latest Trends

July 2024

About

Overview In July 2024 United Kingdom's Knit Men's Suits exports accounted up to £4.14M and imports accounted up to £33.2M, resulting in a negative trade balance of £29M. Between July 2023 and July 2024 the exports of United Kingdom's   Knit Men's Suits have decreased by £-1.25M (-23.2%) from £5.38M to £4.14M, while imports decreased by £-795k (-2.34%) from £34M to £33.2M.

Destinations In July 2024, Knit Men's Suits were exported mostly to Hong Kong (£584k), Netherlands (£425k), France (£407k), Italy (£365k), and United States (£250k), and were imported mostly from China (£4.85M), Bangladesh (£4.23M), Pakistan (£3.96M), Turkey (£3.07M), and Cambodia (£2.69M).

Growth In July 2024, the decrease in Knit Men's Suits's year-by-year exports was explained primarily by a decrease in exports to Israel (£-671k or -97.8%), United States (£-466k or -68.6%), and Germany (£-176k or -40.6%). In July 2024, the decrease in Knit Men's Suits's year-by-year imports was explained primarily by a decrease in imports from China (£-3.07M or -33.7%), Pakistan (£-1.97M or -29.7%), and Italy (£-1.55M or -39.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)£-1.25M(-23.2%)
IMPORT GROWTH (July 2023 - July 2024)£-795k(-2.34%)
MAIN EXPORTER (July 2024)London Heathrow Airport£6.39M
MAIN DESTINATION (July 2024)Hong Kong£584k

This section shows Knit Men's Suits'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 Knit Men's Suits over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$71M
IMPORTS (2022)$799M
NET TRADE (2022)-$728M

In 2022, United Kingdom exported $71M in Knit Men's Suits. The main destinations of United Kingdom exports on Knit Men's Suits were Netherlands ($10.1M), Ireland ($7.34M), Germany ($7.14M), United States ($4.86M), and Belgium ($4.74M).

In 2022, United Kingdom imported $799M in Knit Men's Suits, mainly from China ($120M), Pakistan ($119M), Bangladesh ($112M), Cambodia ($94M), and Turkey ($78.7M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Men's Suits EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
Italy$1.09M (31.1%)
Macau$723k (132%)
Japan$445k (64.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Men's Suits BY United Kingdom WERE (2021 - 2022):
Germany-$9.09M (-56%)
Israel-$4.53M (-82.7%)
United States-$3.32M (-40.6%)
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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 Knit Men's Suits were:
China $4.9B
Bangladesh $1.43B
Vietnam $1.42B
In 2022, United Kingdom's main importing competitors in Knit Men's Suits were:
United States $3.65B
Germany $921M

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Trade Value of Knit Men's Suits by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $5.88M
TOP IMPORT POTENTIALChina+ $33.1M

Knit Men's Suits’s highest export potential is United States. With an export gap of $5.88M.   Knit Men's Suits’s highest import potential is China with an import gap of $33.1M.

See methodology.

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