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2023
Exports $64.1MWorld Rnk 27 / 207
Flag Rnk 787 / 1217
2023
Destination $4.79M Mexico
2022 - 2023
FASTEST GROWING MARKET $4.79MSouth Korea
2023
PRODUCT COMPLEXITY IN Knit Men's Suits-1.34Rnk 912 / 1025
2023
Imports $2.64BWorld Rnk 1 / 221
Flag Rnk 186 / 1215
2023
Origin $2.02M China
2022 - 2023
FASTEST GROWING ORIGIN $2.02MSouth Korea
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported $64.1M in Knit Men's Suits, making it the 27th largest exporter of Knit Men's Suits in the world. At the same year, Knit Men's Suits was the 787th most exported product in United States. The main destination of Knit Men's Suits exports from United States are: Mexico ($9.34M), South Korea ($6.14M), Canada ($5.55M), China ($4.38M), and Netherlands ($2.75M).

The fastest growing export markets for Knit Men's Suits of United States between 2022 and 2023 were South Korea ($4.79M), China ($1.17M), and Netherlands ($1.17M).

Imports In 2023, United States imported $2.64B 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 186th most imported product in United States. United States imports Knit Men's Suits primarily from: China ($605M), Vietnam ($479M), Jordan ($239M), Bangladesh ($193M), and Cambodia ($169M).

The fastest growing import markets in Knit Men's Suits for United States between 2022 and 2023 were South Korea ($2.02M), Mexico ($1.85M), and Dominican Republic ($1.47M).

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

November 2024

About

Overview In November 2024 United States' Knit Men's Suits exports accounted up to $9.66M and imports accounted up to $174M, resulting in a negative trade balance of $164M. Between November 2023 and November 2024 the exports of United States'   Knit Men's Suits have decreased by $-2.19M (-18.5%) from $11.8M to $9.66M, while imports increased by $34.9M (25.2%) from $139M to $174M.

Destinations In November 2024, Knit Men's Suits were exported mostly to Canada ($3.91M), Mexico ($3.33M), Nicaragua ($536k), China ($293k), and United Arab Emirates ($221k), and were imported mostly from Vietnam ($40.3M), Bangladesh ($17.9M), China ($17.4M), Jordan ($13.3M), and Cambodia ($11.3M).

Growth In November 2024, the decrease in Knit Men's Suits's year-by-year exports was explained primarily by a decrease in exports to Chile ($-383k or -89.5%), Guatemala ($-158k or -69.5%), and Belgium ($-133k or -85.7%). In November 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 (November 2023 - November 2024)$-2.19M(-18.5%)
IMPORT GROWTH (November 2023 - November 2024)$34.9M(25.2%)
MAIN EXPORTER (November 2024)California$7.54M
MAIN DESTINATION (November 2024)Canada$3.91M

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 (2023)$64.1M
IMPORTS (2023)$2.64B
NET TRADE (2023)-$2.58B

In 2023, United States exported $64.1M in Knit Men's Suits. The main destinations of United States exports on Knit Men's Suits were Mexico ($9.34M), South Korea ($6.14M), Canada ($5.55M), China ($4.38M), and Netherlands ($2.75M).

In 2023, United States imported $2.64B in Knit Men's Suits, mainly from China ($605M), Vietnam ($479M), Jordan ($239M), Bangladesh ($193M), and Cambodia ($169M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Knit Men's Suits EXPORT MARKETS FOR United States WERE (2022 - 2023):
South Korea$4.79M (357%)
China$1.17M (36.3%)
Netherlands$1.17M (73.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Men's Suits BY United States WERE (2022 - 2023):
Israel-$919k (-44.8%)
Japan-$893k (-33.2%)
United Kingdom-$853k (-38.5%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United States's main exporting competitors in Knit Men's Suits were:
China $3.83B
Bangladesh $1.09B
Vietnam $1.03B
In 2023, United States's main importing competitors in Knit Men's Suits were:
Japan $597M
United Kingdom $590M

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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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