2022
Exports
$4.83BWorld Rnk 3 / 221
Flag Rnk 14 / 1176
2022
PRODUCT COMPLEXITY IN Knit Sweaters
-1.3Rnk 909 / 1025
2022
Imports
$413MWorld Rnk 30 / 218
Flag Rnk 161 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $4.83B in Knit Sweaters, making it the 3rd largest exporter of Knit Sweaters in the world. At the same year, Knit Sweaters was the 14th most exported product in Vietnam. The main destination of Knit Sweaters exports from Vietnam are: United States ($2.87B), Japan ($714M), South Korea ($218M), Canada ($202M), and China ($108M).

The fastest growing export markets for Knit Sweaters of Vietnam between 2021 and 2022 were United States ($300M), Japan ($222M), and Canada ($51.7M).

Imports In 2022, Vietnam imported $413M in Knit Sweaters, becoming the 30th largest importer of Knit Sweaters in the world. At the same year, Knit Sweaters was the 161st most imported product in Vietnam. Vietnam imports Knit Sweaters primarily from: China ($390M), Singapore ($3.18M), Indonesia ($2.81M), South Korea ($2.63M), and Spain ($2.54M).

The fastest growing import markets in Knit Sweaters for Vietnam between 2021 and 2022 were China ($91.4M), Indonesia ($1.51M), and United Arab Emirates ($1.46M).

COMPANIES In 2023, leading companies such as Old Navy (898), Gap (399), and Banana Republic (394) were at the forefront of shipping Knit Sweaters from Vietnam to the United States.

Latest Trends

Sep 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 Sweaters. 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)$4.83B
IMPORTS (2022)$413M
NET TRADE (2022)$4.41B

In 2022, Vietnam exported $4.83B in Knit Sweaters. The main destinations of Vietnam exports on Knit Sweaters were United States ($2.87B), Japan ($714M), South Korea ($218M), Canada ($202M), and China ($108M).

In 2022, Vietnam imported $413M in Knit Sweaters, mainly from China ($390M), Singapore ($3.18M), Indonesia ($2.81M), South Korea ($2.63M), and Spain ($2.54M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Sweaters EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
United States$300M (11.7%)
Japan$222M (45.2%)
Canada$51.7M (34.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Sweaters BY Vietnam WERE (2021 - 2022):
Russia-$29.2M (-60%)
China-$10.8M (-9.1%)
Austria-$7.53M (-87.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Knit Sweaters by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $125M
TOP IMPORT POTENTIALChina+ $126M

Knit Sweaters’s highest export potential is China. With an export gap of $125M.   Knit Sweaters’s highest import potential is China with an import gap of $126M.

See methodology.

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