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2022
Exports $112MWorld Rnk 28 / 207
Flag Rnk 720 / 1217
2022
Destination $16.3M Mexico
2021 - 2022
FASTEST GROWING MARKET $16.3MMexico
2022
PRODUCT COMPLEXITY IN Knit Men's Suits-1.32Rnk 915 / 1025
2022
Imports $3.65BWorld Rnk 1 / 221
Flag Rnk 155 / 1216
2022
Origin $98M Vietnam
2021 - 2022
FASTEST GROWING ORIGIN $98MCambodia
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $112M in Knit Men's Suits, making it the 28th largest exporter of Knit Men's Suits in the world. At the same year, Knit Men's Suits was the 720th most exported product in United States. The main destination of Knit Men's Suits exports from United States are: Mexico ($38.1M), Canada ($26.7M), United Kingdom ($5.13M), China ($3.73M), and Japan ($3.15M).

The fastest growing export markets for Knit Men's Suits of United States between 2021 and 2022 were Mexico ($16.3M), United Kingdom ($3.13M), and South Korea ($1.62M).

Imports In 2022, United States imported $3.65B in Knit Men's Suits, becoming the 1st largest importer of Knit Men's Suits in the world. At the same year, Knit Men's Suits was the 155th most imported product in United States. United States imports Knit Men's Suits primarily from: Vietnam ($794M), China ($488M), Cambodia ($329M), Bangladesh ($311M), and Jordan ($196M).

The fastest growing import markets in Knit Men's Suits for United States between 2021 and 2022 were Cambodia ($98M), Mexico ($58.6M), and Vietnam ($41.1M).

COMPANIES In 2023, leading companies such as Old Navy (359), Gap (355), and Adidas (222) were at the forefront of shipping Knit Men's Suits to the United States.

Latest Trends

September 2024

About

Overview In September 2024 United States' Knit Men's Suits exports accounted up to $10.1M and imports accounted up to $247M, resulting in a negative trade balance of $237M. Between September 2023 and September 2024 the exports of United States'   Knit Men's Suits have increased by $390k (4%) from $9.75M to $10.1M, while imports increased by $42.5M (20.8%) from $204M to $247M.

Destinations In September 2024, Knit Men's Suits were exported mostly to Mexico ($4.95M), Canada ($2.75M), Nicaragua ($345k), United Kingdom ($306k), and China ($208k), and were imported mostly from Vietnam ($56.6M), Cambodia ($29M), China ($27.1M), Jordan ($21.5M), and Bangladesh ($19.5M).

Growth In September 2024, the increase in Knit Men's Suits's year-by-year exports was explained primarily by an increase in exports to South Korea ($1.95M or 564%), Mexico ($1.83M or 85%), and France ($113k or 220%). In September 2024, the increase in Knit Men's Suits's year-by-year imports was explained primarily by an increase in imports from El Salvador ($1.7M or 31.7%), Mexico ($1.24M or 79.1%), and Jordan ($1.21M or 5.59%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$390k(4%)
IMPORT GROWTH (September 2023 - September 2024)$42.5M(20.8%)
MAIN EXPORTER (September 2024)California$7.13M
MAIN DESTINATION (September 2024)Mexico$4.95M

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

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Historical Data

Trade Balance

Color
EXPORTS (2022)$112M
IMPORTS (2022)$3.65B
NET TRADE (2022)-$3.54B

In 2022, United States exported $112M in Knit Men's Suits. The main destinations of United States exports on Knit Men's Suits were Mexico ($38.1M), Canada ($26.7M), United Kingdom ($5.13M), China ($3.73M), and Japan ($3.15M).

In 2022, United States imported $3.65B in Knit Men's Suits, mainly from Vietnam ($794M), China ($488M), Cambodia ($329M), Bangladesh ($311M), and Jordan ($196M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Men's Suits EXPORT MARKETS FOR United States WERE (2021 - 2022):
Mexico$16.3M (74.6%)
United Kingdom$3.13M (157%)
South Korea$1.62M (127%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Men's Suits BY United States WERE (2021 - 2022):
Canada-$15.7M (-37%)
Japan-$952k (-23.2%)
Peru-$608k (-67%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Knit Men's Suits were:
China $4.9B
Bangladesh $1.43B
Vietnam $1.42B
In 2022, United States's main importing competitors in Knit Men's Suits were:
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 POTENTIALCanada+ $7.87M
TOP IMPORT POTENTIALChina+ $131M

Knit Men's Suits’s highest export potential is Canada. With an export gap of $7.87M.   Knit Men's Suits’s highest import potential is China with an import gap of $131M.

See methodology.

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