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2022
Exports $504MWorld Rnk 7 / 207
Flag Rnk 244 / 1217
2022
Destination $3.61M France
2021 - 2022
FASTEST GROWING MARKET $3.61MUnited States
2022
PRODUCT COMPLEXITY IN Knit Men's Suits-1.32Rnk 915 / 1025
2022
Imports $652MWorld Rnk 5 / 221
Flag Rnk 201 / 1215
2022
Origin $34.8M Bangladesh
2021 - 2022
FASTEST GROWING ORIGIN $34.8MBangladesh
2022
ECONOMIC COMPLEXITY of Italy1.29Rnk 17 / 133

About

Exports In 2022, Italy exported $504M in Knit Men's Suits, making it the 7th largest exporter of Knit Men's Suits in the world. At the same year, Knit Men's Suits was the 244th most exported product in Italy. The main destination of Knit Men's Suits exports from Italy are: France ($54.5M), Germany ($43.9M), United States ($37.5M), Spain ($37.2M), and United Kingdom ($32.8M).

The fastest growing export markets for Knit Men's Suits of Italy between 2021 and 2022 were United States ($3.61M), United Arab Emirates ($3.02M), and Austria ($2.85M).

Imports In 2022, Italy imported $652M in Knit Men's Suits, becoming the 5th largest importer of Knit Men's Suits in the world. At the same year, Knit Men's Suits was the 201st most imported product in Italy. Italy imports Knit Men's Suits primarily from: Bangladesh ($140M), China ($69.5M), Belgium ($59.8M), Cambodia ($48M), and Netherlands ($43.9M).

The fastest growing import markets in Knit Men's Suits for Italy between 2021 and 2022 were Bangladesh ($34.8M), Belgium ($29.1M), and China ($16.9M).

COMPANIES In 2023, leading companies such as Guess Clothing (6) were at the forefront of shipping Knit Men's Suits from Italy to the United States.

Latest Trends

March 2024

About

Overview In March 2024 Italy's Knit Men's Suits exports accounted up to €37.6M and imports accounted up to €38M, resulting in a negative trade balance of €402k. Between March 2023 and March 2024 the exports of Italy's   Knit Men's Suits have decreased by €-9.07M (-19.5%) from €46.6M to €37.6M, while imports decreased by €-6.59M (-14.8%) from €44.6M to €38M.

Destinations In March 2024, Knit Men's Suits were exported mostly to France (€5.89M), Germany (€4.31M), Spain (€3.57M), China (€2.65M), and United States (€2.08M), and were imported mostly from Bangladesh (€9.83M), Belgium (€5.38M), Netherlands (€4.41M), Romania (€3.07M), and China (€3.04M).

Growth In March 2024, the decrease in Knit Men's Suits's year-by-year exports was explained primarily by a decrease in exports to United Kingdom (€-666k or -21.7%), Germany (€-280k or -4.86%), and Albania (€-200k or -45%). In March 2024, the decrease in Knit Men's Suits's year-by-year imports was explained primarily by a decrease in imports from Cambodia (€-1.68M or -54.1%), Turkey (€-559k or -15.3%), and Portugal (€-378k or -43.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (March 2023 - March 2024)€-9.07M(-19.5%)
IMPORT GROWTH (March 2023 - March 2024)€-6.59M(-14.8%)
MAIN DESTINATION (March 2024)France€5.89M

This section shows Knit Men's Suits's exports and imports data at subnational level for Italy. 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)$504M
IMPORTS (2022)$652M
NET TRADE (2022)-$148M

In 2022, Italy exported $504M in Knit Men's Suits. The main destinations of Italy exports on Knit Men's Suits were France ($54.5M), Germany ($43.9M), United States ($37.5M), Spain ($37.2M), and United Kingdom ($32.8M).

In 2022, Italy imported $652M in Knit Men's Suits, mainly from Bangladesh ($140M), China ($69.5M), Belgium ($59.8M), Cambodia ($48M), and Netherlands ($43.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Men's Suits EXPORT MARKETS FOR Italy WERE (2021 - 2022):
United States$3.61M (10.6%)
United Arab Emirates$3.02M (42.7%)
Austria$2.85M (33.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Men's Suits BY Italy WERE (2021 - 2022):
United Kingdom-$11.2M (-25.4%)
Germany-$3.69M (-7.76%)
Switzerland-$3.64M (-10.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Italy's main exporting competitors in Knit Men's Suits were:
China $4.9B
Bangladesh $1.43B
Vietnam $1.42B
In 2022, Italy's main importing competitors in Knit Men's Suits were:
United States $3.65B
Germany $921M
United Kingdom $799M

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Trade Value of Knit Men's Suits by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $22.7M
TOP IMPORT POTENTIALChina+ $29.2M

Knit Men's Suits’s highest export potential is United States. With an export gap of $22.7M.   Knit Men's Suits’s highest import potential is China with an import gap of $29.2M.

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