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2023
Exports $433MWorld Rnk 24 / 225
Flag Rnk 400 / 1217
2023
Destination $12.8M Mexico
2022 - 2023
FASTEST GROWING MARKET $12.8MSouth Korea
2023
PRODUCT COMPLEXITY IN Knit T-shirts-1.53Rnk 948 / 1025
2023
Imports $8.56BWorld Rnk 1 / 225
Flag Rnk 68 / 1215
2023
Origin $21.9M China
2022 - 2023
FASTEST GROWING ORIGIN $21.9MJordan
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported $433M in Knit T-shirts, making it the 24th largest exporter of Knit T-shirts in the world. At the same year, Knit T-shirts was the 400th most exported product in United States. The main destination of Knit T-shirts exports from United States are: Mexico ($150M), Canada ($27.3M), South Korea ($20.6M), Netherlands ($17.4M), and Japan ($16M).

The fastest growing export markets for Knit T-shirts of United States between 2022 and 2023 were South Korea ($12.8M), Haiti ($6.49M), and Russia ($5.07M).

Imports In 2023, United States imported $8.56B in Knit T-shirts, becoming the 1st largest importer of Knit T-shirts in the world. At the same year, Knit T-shirts was the 68th most imported product in United States. United States imports Knit T-shirts primarily from: China ($1.98B), Honduras ($824M), Nicaragua ($753M), Mexico ($510M), and El Salvador ($506M).

The fastest growing import markets in Knit T-shirts for United States between 2022 and 2023 were Jordan ($21.9M), France ($10M), and Tanzania ($3.87M).

COMPANIES In 2023, leading companies such as Guess Clothing (1.21k), Gildan Activewear (557), and PVH (Phillips-Van Heusen Corporation) (513) were at the forefront of shipping Knit T-shirts to the United States.

Latest Trends

November 2024

About

Overview In November 2024 United States' Knit T-shirts exports accounted up to $87.5M and imports accounted up to $496M, resulting in a negative trade balance of $408M. Between November 2023 and November 2024 the exports of United States'   Knit T-shirts have increased by $4.61M (5.56%) from $82.9M to $87.5M, while imports increased by $32.6M (7.05%) from $463M to $496M.

Destinations In November 2024, Knit T-shirts were exported mostly to Mexico ($41.3M), Canada ($14.4M), Nicaragua ($9.78M), Honduras ($3.31M), and Japan ($1.76M), and were imported mostly from Nicaragua ($62.9M), Honduras ($53.8M), Bangladesh ($51.5M), China ($37.6M), and Mexico ($35M).

Growth In November 2024, the increase in Knit T-shirts's year-by-year exports was explained primarily by an increase in exports to Nicaragua ($5.13M or 221%), United Kingdom ($4.97M or 699%), and Honduras ($2.62M or 258%). In November 2024, the increase in Knit T-shirts's year-by-year imports was explained primarily by an increase in imports from Nicaragua ($22.1M or 31.7%), Jordan ($13.6M or 153%), and Vietnam ($12.5M or 32.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$4.61M(5.56%)
IMPORT GROWTH (November 2023 - November 2024)$32.6M(7.05%)
MAIN EXPORTER (November 2024)California$66.2M
MAIN DESTINATION (November 2024)Mexico$41.3M

This section shows Knit T-shirts'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 T-shirts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$433M
IMPORTS (2023)$8.56B
NET TRADE (2023)-$8.13B

In 2023, United States exported $433M in Knit T-shirts. The main destinations of United States exports on Knit T-shirts were Mexico ($150M), Canada ($27.3M), South Korea ($20.6M), Netherlands ($17.4M), and Japan ($16M).

In 2023, United States imported $8.56B in Knit T-shirts, mainly from China ($1.98B), Honduras ($824M), Nicaragua ($753M), Mexico ($510M), and El Salvador ($506M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Knit T-shirts EXPORT MARKETS FOR United States WERE (2022 - 2023):
South Korea$12.8M (165%)
Haiti$6.49M (22.1k%)
Russia$5.07M (164%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit T-shirts BY United States WERE (2022 - 2023):
Mexico-$284M (-65.5%)
Honduras-$46.6M (-92%)
Nicaragua-$24M (-62.6%)
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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 T-shirts were:
China $8.58B
Bangladesh $7.83B
Turkey $2.98B
In 2023, United States's main importing competitors in Knit T-shirts were:
Germany $4.45B
France $2.55B

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Trade Value of Knit T-shirts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCanada+ $43.2M
TOP IMPORT POTENTIALBangladesh+ $458M

Knit T-shirts’s highest export potential is Canada. With an export gap of $43.2M.   Knit T-shirts’s highest import potential is Bangladesh with an import gap of $458M.

See methodology.

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