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2023
Exports $217MWorld Rnk 36 / 219
Flag Rnk 554 / 1217
2023
Destination $6.12M Mexico
2022 - 2023
FASTEST GROWING MARKET $6.12MMexico
2023
PRODUCT COMPLEXITY IN Knit Sweaters-1.3Rnk 900 / 1025
2023
Imports $14.9BWorld Rnk 1 / 220
Flag Rnk 35 / 1215
2023
Origin $7.92M China
2022 - 2023
FASTEST GROWING ORIGIN $7.92MMacau
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported $217M in Knit Sweaters, making it the 36th largest exporter of Knit Sweaters in the world. At the same year, Knit Sweaters was the 554th most exported product in United States. The main destination of Knit Sweaters exports from United States are: Mexico ($34.9M), Canada ($28.7M), South Korea ($12.6M), Japan ($11.7M), and Italy ($11.5M).

The fastest growing export markets for Knit Sweaters of United States between 2022 and 2023 were Mexico ($6.12M), Russia ($2.85M), and Italy ($1.93M).

Imports In 2023, United States imported $14.9B in Knit Sweaters, becoming the 1st largest importer of Knit Sweaters in the world. At the same year, Knit Sweaters was the 35th most imported product in United States. United States imports Knit Sweaters primarily from: China ($4.46B), Vietnam ($2.21B), Honduras ($921M), Cambodia ($841M), and Indonesia ($778M).

The fastest growing import markets in Knit Sweaters for United States between 2022 and 2023 were Macau ($7.92M), Netherlands ($4.95M), and Tanzania ($3.08M).

COMPANIES In 2023, leading companies such as Old Navy (2.7k), Gap (1.94k), and Banana Republic (918) were at the forefront of shipping Knit Sweaters to the United States.

Latest Trends

November 2024

About

Overview In November 2024 United States' Knit Sweaters exports accounted up to $72.5M and imports accounted up to $1.08B, resulting in a negative trade balance of $1.01B. Between November 2023 and November 2024 the exports of United States'   Knit Sweaters have increased by $1.11M (1.56%) from $71.4M to $72.5M, while imports increased by $174M (19.2%) from $904M to $1.08B.

Destinations In November 2024, Knit Sweaters were exported mostly to Canada ($33.1M), Mexico ($19.1M), Nicaragua ($4.95M), United Kingdom ($2.51M), and Japan ($1.4M), and were imported mostly from China ($222M), Vietnam ($185M), Honduras ($67.6M), Cambodia ($65.2M), and Bangladesh ($60.5M).

Growth In November 2024, the increase in Knit Sweaters's year-by-year exports was explained primarily by an increase in exports to Mexico ($6.78M or 64.5%), Nicaragua ($2.33M or 1.38k%), and Belgium ($1.98M or 424%). In November 2024, the increase in Knit Sweaters's year-by-year imports was explained primarily by an increase in imports from Jordan ($11.4M or 44.6%), El Salvador ($11.1M or 30.5%), and Nicaragua ($7.2M or 16%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$1.11M(1.56%)
IMPORT GROWTH (November 2023 - November 2024)$174M(19.2%)
MAIN EXPORTER (November 2024)California$27.7M
MAIN DESTINATION (November 2024)Canada$33.1M

This section shows Knit Sweaters'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 Sweaters over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$217M
IMPORTS (2023)$14.9B
NET TRADE (2023)-$14.6B

In 2023, United States exported $217M in Knit Sweaters. The main destinations of United States exports on Knit Sweaters were Mexico ($34.9M), Canada ($28.7M), South Korea ($12.6M), Japan ($11.7M), and Italy ($11.5M).

In 2023, United States imported $14.9B in Knit Sweaters, mainly from China ($4.46B), Vietnam ($2.21B), Honduras ($921M), Cambodia ($841M), and Indonesia ($778M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Knit Sweaters EXPORT MARKETS FOR United States WERE (2022 - 2023):
Mexico$6.12M (21.3%)
Russia$2.85M (830%)
Italy$1.93M (20.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Sweaters BY United States WERE (2022 - 2023):
Israel-$14.7M (-82.3%)
Canada-$6.11M (-17.5%)
Nicaragua-$3.07M (-60.4%)
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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 Sweaters were:
China $19.7B
Bangladesh $6.68B
Vietnam $4.31B
In 2023, United States's main importing competitors in Knit Sweaters were:
Germany $5.42B
Japan $4.39B

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Trade Value of Knit Sweaters by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCanada+ $34.2M
TOP IMPORT POTENTIALBangladesh+ $601M

Knit Sweaters’s highest export potential is Canada. With an export gap of $34.2M.   Knit Sweaters’s highest import potential is Bangladesh with an import gap of $601M.

See methodology.

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