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Pricing

Suits, ensembles, jackets, blazers, trousers, bib and brace overalls, breeches, shorts (not swimwear); men's or boys', knitted or crocheted

6103 (Harmonized System 1992 for 4-digit)

2023
World Trade $12.8BRnk 302 / 1217
2023
Top Exporter | Top Importer $3.83B | $2.64BChina | United States
2023
Product Complexity -1.21Rnk 911 / 1044
2022 - 2023
Export Growth (CAGR) -14.6%Rnk 892 / 1217
2023
Share of World Trade 0.057%Rnk 302 / 1217

About

Overview This page contains the latest trade data of Knit Men's Suits. In 2023, Knit Men's Suits were the world's 302nd most traded product, with a total trade of $12.8B. Between 2022 and 2023 the exports of Knit Men's Suits decreased by -14.6%, from $15B to $12.8B. Trade in Knit Men's Suits represent 0.057% of total world trade.

Knit Men's Suits are a part of Knitted clothing accesories. They include Mens, boys trousers & shorts, of cotton, knit, Mens, boys trousers, shorts, of synthetic fibres, kni, Mens, boys jackets & blazers, cotton, knit, Mens, boys jackets & blazers, synthetic fibres, knit, Mens, boys trousers & shorts, of material nes, knit, Mens, boys ensembles, synthetic fibres, knit, Mens, boys ensembles, of cotton, knit, Mens, boys jackets & blazers, material nes, knit, Mens, boys suits, of materials nes, knit, and Mens, boys ensembles, of material nes, knit, among others.

Exports In 2023 the top exporters of Knit Men's Suits  were China ($3.83B), Bangladesh ($1.09B), Vietnam ($1.03B), Cambodia ($723M), and Turkey ($645M).

Imports In 2023 the top importers of Knit Men's Suits were United States ($2.64B), Japan ($597M), United Kingdom ($590M), Germany ($589M), and Italy ($546M).

Ranking Knit Men's Suits ranks 911th in the Product Complexity Index (PCI).

Description Men's suits are used to make clothing for men. Men's suits can be made from a variety of materials, including cotton, wool, silk, and polyester.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Knit Men's Suits. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)China$3.83B
Top Destination (2023)United States$2.64B

In 2023 Knit Men's Suits were the world's 302nd most traded product (out of 1,217).

In 2023, the top exporters of Knit Men's Suits were China ($3.83B), Bangladesh ($1.09B), Vietnam ($1.03B), Cambodia ($723M), and Turkey ($645M).

In 2023, the top importers of Knit Men's Suits were United States ($2.64B), Japan ($597M), United Kingdom ($590M), Germany ($589M), and Italy ($546M).

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Exporters of Knit Men's Suits (2023)
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Importers of Knit Men's Suits (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)France$46.6M
Top Destination Growth (2022 -  2023)Vietnam$91.1M

Between 2022 and 2023, the exports of Knit Men's Suits grew the fastest in France ($46.6M), Uzbekistan ($26.5M), Italy ($22.1M), Hong Kong ($16.1M), and United Arab Emirates ($13.9M).

Between 2022 and 2023, the fastest growing importers of Knit Men's Suits were Vietnam ($91.1M), Russia ($63.5M), Algeria ($48.1M), South Sudan ($32.7M), and Tajikistan ($29.1M).

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Exporters of Knit Men's Suits (2022 - 2023)

Importers of Knit Men's Suits (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Knit Men's Suits.

In 2023, market concentration measured using Shannon Entropy, was 4.33. This means that most of the exports of Knit Men's Suits are explained by 20 countries.

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Value of Exports in Knit Men's Suits

Net Trade

TOP NET EXPORTER (2023)China$3.58B
TOP NET IMPORTER (2023)United States$2.58B

This map shows which countries export or import more of Knit Men's Suits. Each country is colored based on the difference in exports and imports of Knit Men's Suits during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Knit Men's Suits were China ($3.58B), Bangladesh ($1.09B), Vietnam ($873M), Cambodia ($713M), and Pakistan ($567M).

In 2023, the countries that had a largest trade value in imports than in exports of Knit Men's Suits were United States ($2.58B), Japan ($578M), United Kingdom ($541M), France ($362M), and Germany ($353M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Knit Men's Suits, disaggragated by their HS6 level were Mens, boys trousers & shorts, of... ($5.26B), Mens, boys trousers, shorts, of synthetic... ($4.5B), Mens, boys jackets & blazers, synthetic... ($661M), Mens, boys trousers & shorts, of... ($599M), and Mens, boys jackets & blazers, cotton,... ($571M)

HS6 Disaggregation for Knit Men's Suits (2023)
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Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Knit Men's Suits.
It is possible to select the main countries that export or import Knit Men's Suits in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Knit Men's Suits by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALChina+ $33.6M
TOP IMPORT POTENTIALChina+ $23M

Knit Men's Suits’s highest export potential is China. With an export gap of $33.6M.  Knit Men's Suits’s highest import potential is China with an import gap of $23M.

See methodology.

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Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2023)

Related Products

This visualization shows products that are likely to be exported by countries that export Knit Men's Suits.

Country by Relatedness

The following visualization shows the relatedness of Knit Men's Suits to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2023)

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