Knit Women's Suits in China 2021 Exports | Imports : $14.2B | $328M, World Rnk 1 / 220 Rnk 51 / 1215 | World Rnk 26 / 220 Rnk 439 / 1214
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $1.03B | $16.6M, United States | Vietnam
2021 ECONOMIC COMPLEXITY of China: 1.07, Rnk 25 / 131
2021 PRODUCT COMPLEXITY IN Knit Women's Suits: -1.28, Rnk 905 / 1029
Exports In 2021, China exported $14.2B in Knit Women's Suits, making it the 1st largest exporter of Knit Women's Suits in the world. At the same year, Knit Women's Suits was the 51st most exported product in China. The main destination of Knit Women's Suits exports from China are: United States ($2.72B), Japan ($921M), Germany ($711M), South Korea ($561M), and United Kingdom ($486M).
The fastest growing export markets for Knit Women's Suits of China between 2020 and 2021 were United States ($1.03B), United Kingdom ($202M), and Greece ($179M).
Imports In 2021, China imported $328M in Knit Women's Suits, becoming the 26th largest importer of Knit Women's Suits in the world. At the same year, Knit Women's Suits was the 439th most imported product in China. China imports Knit Women's Suits primarily from: Vietnam ($75.2M), Italy ($45.4M), Cambodia ($31.3M), France ($28.2M), and Spain ($16.2M).
The fastest growing import markets in Knit Women's Suits for China between 2020 and 2021 were Vietnam ($16.6M), France ($13.9M), and Italy ($12.8M).
Tariffs In 2018, the average tariff for China in Knit Women's Suits was 13.2%. The countries with the highest import tariffs for Knit Women's Suits were Burkina Faso (Most Favoured Nation duty rate treatment, 16.9%), Botswana (Most Favoured Nation duty rate treatment, 16.9%), Cote d'Ivoire (Most Favoured Nation duty rate treatment, 16.9%), Cameroon (Most Favoured Nation duty rate treatment, 16.9%), and Democratic Republic of the Congo (Most Favoured Nation duty rate treatment, 16.9%).
April 2023
Overview In April 2023 China's Knit Women's Suits exports accounted up to $1.33B and imports accounted up to $34.3M, resulting in a positive trade balance of $1.3B. Between April 2022 and April 2023 the exports of China's Knit Women's Suits have increased by $17.5M (1.33%) from $1.31B to $1.33B, while imports decreased by $-1.79M (-4.97%) from $36.1M to $34.3M.
Destinations In April 2023, Knit Women's Suits were exported mostly to United States ($356M), Japan ($72.1M), Vietnam ($49.1M), South Korea ($48.5M), and Malaysia ($39.6M), and were imported mostly from Italy ($9.42M), Vietnam ($8.08M), Cambodia ($2.98M), China ($2.11M), and Indonesia ($1.78M).
Growth In April 2023, the increase in Knit Women's Suits's year-by-year exports was explained primarily by an increase in exports to United States ($61.6M or 19.3%), Thailand ($55.6M or 331%), and Malaysia ($47.3M or 180%). In April 2023, the decrease in Knit Women's Suits's year-by-year imports was explained primarily by a decrease in imports from Jordan ($-703k or -72.3%), Bangladesh ($-664k or -40.5%), and China ($-541k or -6.88%).
EXPORT GROWTH (April 2022 - April 2023): $17.5M, (1.33%)
IMPORT GROWTH (April 2022 - April 2023): $-1.79M, (-4.97%)
MAIN EXPORTER (April 2023): Zhejiang Province, $352M
MAIN DESTINATION (April 2023): United States, $356M
This section shows Knit Women's Suits's exports and imports data at subnational level for China. 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 Women's Suits over time.
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EXPORTS (2021): $14.2B
IMPORTS (2021): $328M
NET TRADE (2021): $13.9B
In 2021, China exported $14.2B in Knit Women's Suits. The main destinations of China exports on Knit Women's Suits were United States ($2.72B), Japan ($921M), Germany ($711M), South Korea ($561M), and United Kingdom ($486M).
In 2021, China imported $328M in Knit Women's Suits, mainly from Vietnam ($75.2M), Italy ($45.4M), Cambodia ($31.3M), France ($28.2M), and Spain ($16.2M).
THE FASTEST GROWING Knit Women's Suits EXPORT MARKETS FOR China WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Women's Suits BY China WERE (2020 - 2021):
In 2021, China's main exporting competitors in Knit Women's Suits were:
In 2021, China's main importing competitors in Knit Women's Suits were:
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