2022
Exports
$1.42BWorld Rnk 3 / 207
Flag Rnk 46 / 1176
2022
PRODUCT COMPLEXITY IN Knit Men's Suits
-1.32Rnk 915 / 1025
2022
Imports
$81.2MWorld Rnk 42 / 221
Flag Rnk 468 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $1.42B in Knit Men's Suits, making it the 3rd largest exporter of Knit Men's Suits in the world. At the same year, Knit Men's Suits was the 46th most exported product in Vietnam. The main destination of Knit Men's Suits exports from Vietnam are: United States ($794M), Japan ($118M), South Korea ($95.9M), Canada ($55.1M), and Belgium ($39.7M).

The fastest growing export markets for Knit Men's Suits of Vietnam between 2021 and 2022 were United States ($41.1M), Japan ($21.6M), and Belgium ($14.5M).

Imports In 2022, Vietnam imported $81.2M in Knit Men's Suits, becoming the 42nd largest importer of Knit Men's Suits in the world. At the same year, Knit Men's Suits was the 468th most imported product in Vietnam. Vietnam imports Knit Men's Suits primarily from: China ($68M), South Korea ($3.05M), Singapore ($1.84M), Cambodia ($1.4M), and Indonesia ($1.25M).

The fastest growing import markets in Knit Men's Suits for Vietnam between 2021 and 2022 were China ($27.9M), South Korea ($2.08M), and Indonesia ($615k).

COMPANIES In 2023, leading companies such as Old Navy (160), Gap (54), and Nike (41) were at the forefront of shipping Knit Men's Suits from Vietnam to the United States.

Latest Trends

Jul 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 Men's Suits. 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 (2022)$1.42B
IMPORTS (2022)$81.2M
NET TRADE (2022)$1.33B

In 2022, Vietnam exported $1.42B in Knit Men's Suits. The main destinations of Vietnam exports on Knit Men's Suits were United States ($794M), Japan ($118M), South Korea ($95.9M), Canada ($55.1M), and Belgium ($39.7M).

In 2022, Vietnam imported $81.2M in Knit Men's Suits, mainly from China ($68M), South Korea ($3.05M), Singapore ($1.84M), Cambodia ($1.4M), and Indonesia ($1.25M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Men's Suits EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
United States$41.1M (5.46%)
Japan$21.6M (22.3%)
Belgium$14.5M (57.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Men's Suits BY Vietnam WERE (2021 - 2022):
China-$9.25M (-20.6%)
Russia-$6.87M (-35.3%)
Slovenia-$1.43M (-77.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Knit Men's Suits were:
In 2022, Vietnam's main importing competitors in Knit Men's Suits were:

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Trade Value of Knit Men's Suits by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $33.6M
TOP IMPORT POTENTIALChina+ $23M

Knit Men's Suits’s highest export potential is China. With an export gap of $33.6M.   Knit Men's Suits’s highest import potential is China with an import gap of $23M.

See methodology.

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