2022
Exports
$1.33BWorld Rnk 5 / 184
Flag Rnk 33 / 96
2022
PRODUCT COMPLEXITY IN Knitted fabrics
0.18Rnk 494 / 1025
2022
Imports
$7.08BWorld Rnk 1 / 216
Flag Rnk 8 / 96
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $1.33B in Knitted fabrics, making it the 5th largest exporter of Knitted fabrics in the world. At the same year, Knitted fabrics was the 33rd most exported product in Vietnam. The main destination of Knitted fabrics exports from Vietnam are: Cambodia ($529M), Indonesia ($219M), China ($126M), Thailand ($103M), and India ($40.6M).

The fastest growing export markets for Knitted fabrics of Vietnam between 2021 and 2022 were India ($18.3M), Burma ($14.4M), and Cambodia ($9.89M).

Imports In 2022, Vietnam imported $7.08B in Knitted fabrics, becoming the 1st largest importer of Knitted fabrics in the world. At the same year, Knitted fabrics was the 8th most imported product in Vietnam. Vietnam imports Knitted fabrics primarily from: China ($4.77B), Chinese Taipei ($932M), South Korea ($806M), Thailand ($144M), and Japan ($126M).

The fastest growing import markets in Knitted fabrics for Vietnam between 2021 and 2022 were China ($385M), Malaysia ($12.2M), and Indonesia ($8.72M).

COMPANIES In 2023, leading companies such as Gap (83), Old Navy (78), and Michael Kors (33) were at the forefront of shipping Knitted fabrics from Vietnam to the United States.

Latest Trends

Jul 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 Knitted fabrics. 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)$1.33B
IMPORTS (2022)$7.08B
NET TRADE (2022)-$5.75B

In 2022, Vietnam exported $1.33B in Knitted fabrics. The main destinations of Vietnam exports on Knitted fabrics were Cambodia ($529M), Indonesia ($219M), China ($126M), Thailand ($103M), and India ($40.6M).

In 2022, Vietnam imported $7.08B in Knitted fabrics, mainly from China ($4.77B), Chinese Taipei ($932M), South Korea ($806M), Thailand ($144M), and Japan ($126M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knitted fabrics EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
India$18.3M (81.9%)
Burma$14.4M (94.9%)
Cambodia$9.89M (1.91%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knitted fabrics BY Vietnam WERE (2021 - 2022):
China-$96.7M (-43.5%)
Sri Lanka-$21.5M (-51.9%)
Thailand-$15.3M (-12.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Knitted fabrics were:
In 2022, Vietnam's main importing competitors in Knitted fabrics were:

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Trade Value of Knitted fabrics by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $67.4M
TOP IMPORT POTENTIALCambodia+ $18.5M

Knitted fabrics’s highest export potential is China. With an export gap of $67.4M.   Knitted fabrics’s highest import potential is Cambodia with an import gap of $18.5M.

See methodology.

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