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2023
Exports $127MWorld Rnk 43 / 219
Flag Rnk 402 / 1209
2023
Destination $7.21M China
2022 - 2023
FASTEST GROWING MARKET $7.21MHong Kong
2023
PRODUCT COMPLEXITY IN Knit Sweaters-1.3Rnk 900 / 1025
2023
Imports $4.39BWorld Rnk 3 / 220
Flag Rnk 25 / 1209
2023
Origin $25.5M China
2022 - 2023
FASTEST GROWING ORIGIN $25.5MItaly
2023
ECONOMIC COMPLEXITY of Japan2.07Rnk 1 / 132

About

Exports In 2023, Japan exported $127M in Knit Sweaters, making it the 43rd largest exporter of Knit Sweaters in the world. At the same year, Knit Sweaters was the 402nd most exported product in Japan. The main destination of Knit Sweaters exports from Japan are: China ($34M), Hong Kong ($27.8M), South Korea ($11.7M), United States ($9.68M), and United Kingdom ($5.34M).

The fastest growing export markets for Knit Sweaters of Japan between 2022 and 2023 were Hong Kong ($7.21M), China ($2.94M), and Netherlands ($2.91M).

Imports In 2023, Japan imported $4.39B in Knit Sweaters, becoming the 3rd largest importer of Knit Sweaters in the world. At the same year, Knit Sweaters was the 25th most imported product in Japan. Japan imports Knit Sweaters primarily from: China ($2.49B), Vietnam ($767M), Bangladesh ($253M), Italy ($174M), and Cambodia ($155M).

The fastest growing import markets in Knit Sweaters for Japan between 2022 and 2023 were Italy ($25.5M), Malaysia ($18.1M), and Portugal ($7.02M).

Latest Trends

November 2024

About

Overview In November 2024 Japan's Knit Sweaters exports accounted up to ¥1.61B and imports accounted up to ¥70.2B, resulting in a negative trade balance of ¥68.5B. Between November 2023 and November 2024 the exports of Japan's   Knit Sweaters have increased by ¥272M (20.3%) from ¥1.34B to ¥1.61B, while imports increased by ¥3.46B (5.19%) from ¥66.7B to ¥70.2B.

Destinations In November 2024, Knit Sweaters were exported mostly to China (¥695M), Hong Kong (¥159M), United States (¥158M), South Korea (¥116M), and Netherlands (¥112M), and were imported mostly from China (¥40B), Vietnam (¥13.5B), Bangladesh (¥3.62B), Cambodia (¥3.1B), and Italy (¥2.48B).

Growth In November 2024, the increase in Knit Sweaters's year-by-year exports was explained primarily by an increase in exports to France (¥36.4M or 92.5%), Australia (¥32.2M or 883%), and Canada (¥19.4M or 56.2%). In November 2024, the increase in Knit Sweaters's year-by-year imports was explained primarily by an increase in imports from Vietnam (¥2.32B or 36.6%), China (¥881M or 3.38%), and Burma (¥667M or 133%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)¥272M(20.3%)
IMPORT GROWTH (November 2023 - November 2024)¥3.46B(5.19%)
MAIN EXPORTER (November 2024)Chiba¥1.02B
MAIN DESTINATION (November 2024)China¥695M

This section shows Knit Sweaters's exports and imports data at subnational level for Japan. 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 Sweaters over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$127M
IMPORTS (2023)$4.39B
NET TRADE (2023)-$4.27B

In 2023, Japan exported $127M in Knit Sweaters. The main destinations of Japan exports on Knit Sweaters were China ($34M), Hong Kong ($27.8M), South Korea ($11.7M), United States ($9.68M), and United Kingdom ($5.34M).

In 2023, Japan imported $4.39B in Knit Sweaters, mainly from China ($2.49B), Vietnam ($767M), Bangladesh ($253M), Italy ($174M), and Cambodia ($155M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Knit Sweaters EXPORT MARKETS FOR Japan WERE (2022 - 2023):
Hong Kong$7.21M (35%)
China$2.94M (9.48%)
Netherlands$2.91M (241%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Sweaters BY Japan WERE (2022 - 2023):
France-$10M (-70%)
South Korea-$9.17M (-44%)
United States-$2.11M (-17.9%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Japan's main exporting competitors in Knit Sweaters were:
China $19.7B
Bangladesh $6.68B
Vietnam $4.31B
In 2023, Japan's main importing competitors in Knit Sweaters were:
United States $14.9B
Germany $5.42B

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Trade Value of Knit Sweaters by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $14M
TOP IMPORT POTENTIALBangladesh+ $199M

Knit Sweaters’s highest export potential is United States. With an export gap of $14M.   Knit Sweaters’s highest import potential is Bangladesh with an import gap of $199M.

See methodology.

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