Knit Sweaters in United States 2020 Exports | Imports : $399M | $11.5B, World Rnk 20 / 216 Rnk 384 / 1217 | World Rnk 1 / 217 Rnk 34 / 1214
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $6.6M | $85.1M, Burkina Faso | Cambodia
2020 ECONOMIC COMPLEXITY of United States: 1.56, Rnk 9 / 127
2020 PRODUCT COMPLEXITY IN Knit Sweaters: -1.42, Rnk 938 / 1029
Exports In 2020, United States exported $399M in Knit Sweaters, making it the 20th largest exporter of Knit Sweaters in the world. At the same year, Knit Sweaters was the 384th most exported product in United States. The main destination of Knit Sweaters exports from United States are: Canada ($173M), Mexico ($67.6M), United Kingdom ($24.4M), Japan ($21.3M), and Netherlands ($10.8M).
The fastest growing export markets for Knit Sweaters of United States between 2019 and 2020 were Burkina Faso ($6.6M), Israel ($5.97M), and Germany ($1.41M).
Imports In 2020, United States imported $11.5B in Knit Sweaters, becoming the 1st largest importer of Knit Sweaters in the world. At the same year, Knit Sweaters was the 34th most imported product in United States. United States imports Knit Sweaters primarily from: China ($3.73B), Vietnam ($2.22B), Indonesia ($686M), Honduras ($670M), and Cambodia ($654M).
The fastest growing import markets in Knit Sweaters for United States between 2019 and 2020 were Cambodia ($85.1M), Pakistan ($79M), and Hong Kong ($51.9M).
Tariffs In 2018, the average tariff for United States in Knit Sweaters was 9.38%. The countries with the highest import tariffs for Knit Sweaters were Aruba (Most Favoured Nation duty rate treatement, 13.5%), Netherlands Antilles (Most Favoured Nation duty rate treatement, 13.5%), Antigua and Barbuda (Most Favoured Nation duty rate treatement, 13.5%), Bahamas (Most Favoured Nation duty rate treatement, 13.5%), and Dominica (Most Favoured Nation duty rate treatement, 13.5%).
December 2022
Overview In December 2022 United States' Knit Sweaters exports accounted up to $64.6M and imports accounted up to $1.02B, resulting in a negative trade balance of $957M. Between December 2021 and December 2022 the exports of United States' Knit Sweaters have increased by $9.7M (17.7%) from $54.9M to $64.6M, while imports decreased by $-222M (-17.8%) from $1.24B to $1.02B.
Destinations In December 2022, Knit Sweaters were exported mostly to Canada ($25.5M), Mexico ($17M), Nicaragua ($4.94M), Japan ($2.19M), and United Kingdom ($1.92M), and were imported mostly from Vietnam ($161M), China ($156M), Honduras ($91.4M), Guatemala ($63.3M), and Nicaragua ($57M).
Growth In December 2022, the increase in Knit Sweaters's year-by-year exports was explained primarily by an increase in exports to Mexico ($5.04M or 92.1%), Canada ($2.97M or 16.9%), and China ($2.07M or 378%). In December 2022, the decrease in Knit Sweaters's year-by-year imports was explained primarily by a decrease in imports from Kenya ($-4.22M or -55.1%), Moldova ($-218k or -85.2%), and Israel ($-90.9k or -95.3%).
EXPORT GROWTH (December 2021 - December 2022): $9.7M, (17.7%)
IMPORT GROWTH (December 2021 - December 2022): $-222M, (-17.8%)
MAIN EXPORTER (December 2022): California, $22.6M
MAIN DESTINATION (December 2022): Canada, $25.5M
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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EXPORTS (2020): $399M
IMPORTS (2020): $11.5B
NET TRADE (2020): -$11.1B
In 2020, United States exported $399M in Knit Sweaters. The main destinations of United States exports on Knit Sweaters were Canada ($173M), Mexico ($67.6M), United Kingdom ($24.4M), Japan ($21.3M), and Netherlands ($10.8M).
In 2020, United States imported $11.5B in Knit Sweaters, mainly from China ($3.73B), Vietnam ($2.22B), Indonesia ($686M), Honduras ($670M), and Cambodia ($654M).
THE FASTEST GROWING Knit Sweaters EXPORT MARKETS FOR United States WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Sweaters BY United States WERE (2019 - 2020):
In 2020, United States's main exporting competitors in Knit Sweaters were:
In 2020, United States's main importing competitors in Knit Sweaters were:
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