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2023
Exports $141MWorld Rnk 25 / 217
Flag Rnk 634 / 1217
2023
Destination $3.56M Mexico
2022 - 2023
FASTEST GROWING MARKET $3.56MVenezuela
2023
PRODUCT COMPLEXITY IN Knit Women's Suits-1.25Rnk 890 / 1025
2023
Imports $6.79BWorld Rnk 1 / 221
Flag Rnk 90 / 1215
2023
Origin $20.9M China
2022 - 2023
FASTEST GROWING ORIGIN $20.9MChina
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported $141M in Knit Women's Suits, making it the 25th largest exporter of Knit Women's Suits in the world. At the same year, Knit Women's Suits was the 634th most exported product in United States. The main destination of Knit Women's Suits exports from United States are: Mexico ($31.4M), Netherlands ($12.3M), Canada ($11.4M), China ($8.29M), and Hong Kong ($7.58M).

The fastest growing export markets for Knit Women's Suits of United States between 2022 and 2023 were Venezuela ($3.56M), Chile ($2.17M), and France ($1.81M).

Imports In 2023, United States imported $6.79B in Knit Women's Suits, becoming the 1st largest importer of Knit Women's Suits in the world. At the same year, Knit Women's Suits was the 90th most imported product in United States. United States imports Knit Women's Suits primarily from: China ($2.65B), Vietnam ($1.5B), Indonesia ($468M), Cambodia ($344M), and Jordan ($251M).

The fastest growing import markets in Knit Women's Suits for United States between 2022 and 2023 were China ($20.9M), Nicaragua ($10.4M), and Mexico ($9.48M).

COMPANIES In 2023, leading companies such as Old Navy (2.07k), Gap (582), and Spencer Gifts (505) were at the forefront of shipping Knit Women's Suits to the United States.

Latest Trends

November 2024

About

Overview In November 2024 United States' Knit Women's Suits exports accounted up to $25.9M and imports accounted up to $393M, resulting in a negative trade balance of $367M. Between November 2023 and November 2024 the exports of United States'   Knit Women's Suits have increased by $554k (2.19%) from $25.3M to $25.9M, while imports increased by $41.6M (11.8%) from $352M to $393M.

Destinations In November 2024, Knit Women's Suits were exported mostly to Mexico ($8.83M), Canada ($7.19M), Germany ($1.72M), United Kingdom ($1.7M), and France ($902k), and were imported mostly from Vietnam ($115M), China ($79.4M), Indonesia ($29.4M), Cambodia ($27.7M), and Bangladesh ($19.5M).

Growth In November 2024, the increase in Knit Women's Suits's year-by-year exports was explained primarily by an increase in exports to Mexico ($2.85M or 69.7%), Canada ($840k or 11.8%), and China ($597k or 202%). In November 2024, the increase in Knit Women's Suits's year-by-year imports was explained primarily by an increase in imports from Sri Lanka ($3.74M or 32.4%), Italy ($3.52M or 46.4%), and Nicaragua ($1.76M or 41%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$554k(2.19%)
IMPORT GROWTH (November 2023 - November 2024)$41.6M(11.8%)
MAIN EXPORTER (November 2024)California$21.7M
MAIN DESTINATION (November 2024)Mexico$8.83M

This section shows Knit Women's Suits'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 Women's Suits over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$141M
IMPORTS (2023)$6.79B
NET TRADE (2023)-$6.65B

In 2023, United States exported $141M in Knit Women's Suits. The main destinations of United States exports on Knit Women's Suits were Mexico ($31.4M), Netherlands ($12.3M), Canada ($11.4M), China ($8.29M), and Hong Kong ($7.58M).

In 2023, United States imported $6.79B in Knit Women's Suits, mainly from China ($2.65B), Vietnam ($1.5B), Indonesia ($468M), Cambodia ($344M), and Jordan ($251M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Knit Women's Suits EXPORT MARKETS FOR United States WERE (2022 - 2023):
Venezuela$3.56M (368%)
Chile$2.17M (116%)
France$1.81M (61.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Women's Suits BY United States WERE (2022 - 2023):
Israel-$8.83M (-76.4%)
Netherlands-$5.19M (-29.6%)
Canada-$4.41M (-27.8%)
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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 Women's Suits were:
China $12.1B
Bangladesh $3.09B
Vietnam $2.72B
In 2023, United States's main importing competitors in Knit Women's Suits were:
Germany $3.41B
United Kingdom $1.69B

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Trade Value of Knit Women's Suits by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCanada+ $18.8M
TOP IMPORT POTENTIALBangladesh+ $258M

Knit Women's Suits’s highest export potential is Canada. With an export gap of $18.8M.   Knit Women's Suits’s highest import potential is Bangladesh with an import gap of $258M.

See methodology.

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