HS Icon Knit Sweaters in  Flag Vietnam

2020
Exports | Imports
: $3.74B | $161M, World Rnk 3 / 216
Flag Rnk 13 / 1171 | World Rnk 38 / 217
Flag Rnk 284 / 1208

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $9.21M | $107M, Russia |  China

2020
ECONOMIC COMPLEXITY of Vietnam
: -0.057, Rnk 61 / 127

2020
PRODUCT COMPLEXITY  IN Knit Sweaters
: -1.42, Rnk 938 / 1029

Exports In 2020, Vietnam exported $3.74B in Knit Sweaters, making it the 3rd largest exporter of Knit Sweaters in the world. At the same year, Knit Sweaters was the 13th most exported product in Vietnam. The main destination of Knit Sweaters exports from Vietnam are: United States ($2.22B), Japan ($555M), South Korea ($178M), China ($172M), and Canada ($123M).

The fastest growing export markets for Knit Sweaters of Vietnam between 2019 and 2020 were Russia ($9.21M), Switzerland ($6.02M), and Canada ($4.6M).

Imports In 2020, Vietnam imported $161M in Knit Sweaters, becoming the 38th largest importer of Knit Sweaters in the world. At the same year, Knit Sweaters was the 284th most imported product in Vietnam. Vietnam imports Knit Sweaters primarily from: China ($146M), Singapore ($3.39M), Cambodia ($2M), Spain ($1.67M), and Bangladesh ($1.08M).

The fastest growing import markets in Knit Sweaters for Vietnam between 2019 and 2020 were China ($107M), Singapore ($1.86M), and Indonesia ($515k).

Tariffs In 2018, the average tariff for Vietnam in Knit Sweaters was 18.5%. The countries with the highest import tariffs for Knit Sweaters were Angola (Most Favoured Nation duty rate treatement, 20%), Burundi (Most Favoured Nation duty rate treatement, 20%), Benin (Most Favoured Nation duty rate treatement, 20%), Burkina Faso (Most Favoured Nation duty rate treatement, 20%), and Botswana (Most Favoured Nation duty rate treatement, 20%).

Subnational Monthly Trade

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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

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EXPORTS (2020): $3.74B

IMPORTS (2020): $161M

NET TRADE (2020): $3.58B

In 2020, Vietnam exported $3.74B in Knit Sweaters. The main destinations of Vietnam exports on Knit Sweaters were United States ($2.22B), Japan ($555M), South Korea ($178M), China ($172M), and Canada ($123M).

In 2020, Vietnam imported $161M in Knit Sweaters, mainly from China ($146M), Singapore ($3.39M), Cambodia ($2M), Spain ($1.67M), and Bangladesh ($1.08M).

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THE FASTEST GROWING Knit Sweaters EXPORT MARKETS FOR Vietnam WERE (2019 - 2020):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Sweaters BY Vietnam WERE (2019 - 2020):

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Market Concentration

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In 2020, Vietnam's main exporting competitors in Knit Sweaters were:

In 2020, Vietnam's main importing competitors in Knit Sweaters were:

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