Non-Knit Men's Suits in United States 2020 Exports | Imports : $201M | $6.12B, World Rnk 31 / 216 Rnk 542 / 1217 | World Rnk 1 / 222 Rnk 75 / 1214
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $5M | $20.8M, Israel | Pakistan
Exports In 2020, United States exported $201M in Non-Knit Men's Suits, making it the 31st largest exporter of Non-Knit Men's Suits in the world. At the same year, Non-Knit Men's Suits was the 542nd most exported product in United States. The main destination of Non-Knit Men's Suits exports from United States are: Canada ($75.2M), Mexico ($27M), Japan ($10M), United Kingdom ($8.22M), and Israel ($7.7M).
The fastest growing export markets for Non-Knit Men's Suits of United States between 2019 and 2020 were Israel ($5M), Mongolia ($1.36M), and Burkina Faso ($763k).
Imports In 2020, United States imported $6.12B in Non-Knit Men's Suits, becoming the 1st largest importer of Non-Knit Men's Suits in the world. At the same year, Non-Knit Men's Suits was the 75th most imported product in United States. United States imports Non-Knit Men's Suits primarily from: Bangladesh ($1.35B), China ($874M), Vietnam ($833M), Mexico ($757M), and Indonesia ($274M).
The fastest growing import markets in Non-Knit Men's Suits for United States between 2019 and 2020 were Pakistan ($20.8M), Lesotho ($19.4M), and Netherlands ($8.07M).
Tariffs In 2017, the average tariff for United States in Non-Knit Men's Suits was 9.7%. The countries with the highest import tariffs for Non-Knit Men's Suits were Aruba (Most Favoured Nation duty rate treatement, 13.3%), Netherlands Antilles (Most Favoured Nation duty rate treatement, 13.3%), Antigua and Barbuda (Most Favoured Nation duty rate treatement, 13.3%), Bahamas (Most Favoured Nation duty rate treatement, 13.3%), and Dominica (Most Favoured Nation duty rate treatement, 13.3%).
January 2022
Overview In January 2022 United States' Non-Knit Men's Suits exports accounted up to $25.4M and imports accounted up to $707M, resulting in a negative trade balance of $682M. Between January 2021 and January 2022 the exports of United States' Non-Knit Men's Suits have increased by $5.72M (29.2%) from $19.6M to $25.4M, while imports increased by $196M (38.4%) from $511M to $707M.
Destinations In January 2022, Non-Knit Men's Suits were exported mostly to Canada ($11.7M), Mexico ($4.2M), Australia ($935k), Japan ($870k), and China ($867k), and were imported mostly from Bangladesh ($188M), China ($87.6M), Vietnam ($86.2M), Mexico ($75.7M), and Indonesia ($34.6M).
Growth In January 2022, the increase in Non-Knit Men's Suits's year-by-year exports was explained primarily by an increase in exports to Australia ($248k or 60%), China ($145k or 35.3%), and Italy ($141k or 25.7%). In January 2022, the increase in Non-Knit Men's Suits's year-by-year imports was explained primarily by an increase in imports from Nicaragua ($5.07M or 36.7%), Lesotho ($3.3M or 58%), and Madagascar ($1.52M or 31.6%).
EXPORT GROWTH (January 2021 - January 2022): $5.72M, (29.2%)
IMPORT GROWTH (January 2021 - January 2022): $196M, (38.4%)
MAIN EXPORTER (January 2022): California, $7.7M
MAIN DESTINATION (January 2022): Canada, $11.7M
This section shows Non-Knit Men'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 Non-Knit Men's Suits over time.
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EXPORTS (2020): $201M
IMPORTS (2020): $6.12B
NET TRADE (2020): -$5.92B
In 2020, United States exported $201M in Non-Knit Men's Suits. The main destinations of United States exports on Non-Knit Men's Suits were Canada ($75.2M), Mexico ($27M), Japan ($10M), United Kingdom ($8.22M), and Israel ($7.7M).
In 2020, United States imported $6.12B in Non-Knit Men's Suits, mainly from Bangladesh ($1.35B), China ($874M), Vietnam ($833M), Mexico ($757M), and Indonesia ($274M).
IN 2020, United States HAD A POSITIVE NET TRADE IN Non-Knit Men's Suits WITH:
IN 2020, United States HAD A NEGATIVE NET TRADE IN Non-Knit Men's Suits WITH:
THE FASTEST GROWING Non-Knit Men's Suits EXPORT MARKETS FOR United States WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Non-Knit Men's Suits BY United States WERE (2019 - 2020):
In 2019, United States's main exporting competitors in Non-Knit Men's Suits were:
In 2017, the average tariff for United States in Non-Knit Men's Suits was 9.7%.
The countries with the highest tariffs for Non-Knit Men's Suits in United States were Aruba (Most Favoured Nation duty rate treatement, 13.3%), Netherlands Antilles (Most Favoured Nation duty rate treatement, 13.3%), Antigua and Barbuda (Most Favoured Nation duty rate treatement, 13.3%), Bahamas (Most Favoured Nation duty rate treatement, 13.3%), and Dominica (Most Favoured Nation duty rate treatement, 13.3%).
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