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2022
Exports $49.2MWorld Rnk 24 / 197
Flag Rnk 867 / 1217
2022
Destination $4.95M Canada
2021 - 2022
FASTEST GROWING MARKET $4.95MHong Kong
2022
PRODUCT COMPLEXITY IN Knit Babies' Garments-1.54Rnk 952 / 1025
2022
Imports $2.31BWorld Rnk 1 / 216
Flag Rnk 220 / 1216
2022
Origin $57.3M China
2021 - 2022
FASTEST GROWING ORIGIN $57.3MIndia
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $49.2M in Knit Babies' Garments, making it the 24th largest exporter of Knit Babies' Garments in the world. At the same year, Knit Babies' Garments was the 867th most exported product in United States. The main destination of Knit Babies' Garments exports from United States are: Canada ($16.5M), United Arab Emirates ($7.28M), Hong Kong ($5.37M), Mexico ($4.47M), and Venezuela ($1.73M).

The fastest growing export markets for Knit Babies' Garments of United States between 2021 and 2022 were Hong Kong ($4.95M), Canada ($1.37M), and United Arab Emirates ($1.35M).

Imports In 2022, United States imported $2.31B in Knit Babies' Garments, becoming the 1st largest importer of Knit Babies' Garments in the world. At the same year, Knit Babies' Garments was the 220th most imported product in United States. United States imports Knit Babies' Garments primarily from: China ($573M), India ($385M), Cambodia ($353M), Vietnam ($346M), and Bangladesh ($162M).

The fastest growing import markets in Knit Babies' Garments for United States between 2021 and 2022 were India ($57.3M), Vietnam ($17.2M), and Bangladesh ($13.5M).

COMPANIES In 2023, leading companies such as Old Navy (1.94k), Gap (1.18k), and H&M Clothing (121) were at the forefront of shipping Knit Babies' Garments to the United States.

Latest Trends

September 2024

About

Overview In September 2024 United States' Knit Babies' Garments exports accounted up to $5.2M and imports accounted up to $162M, resulting in a negative trade balance of $157M. Between September 2023 and September 2024 the exports of United States'   Knit Babies' Garments have decreased by $-1.96M (-27.4%) from $7.16M to $5.2M, while imports increased by $25.2M (18.4%) from $137M to $162M.

Destinations In September 2024, Knit Babies' Garments were exported mostly to Canada ($2.63M), United Arab Emirates ($921k), Mexico ($294k), Panama ($192k), and Venezuela ($180k), and were imported mostly from China ($36.5M), India ($29.1M), Vietnam ($28.6M), Cambodia ($22.2M), and Bangladesh ($14.9M).

Growth In September 2024, the decrease in Knit Babies' Garments's year-by-year exports was explained primarily by a decrease in exports to Trinidad and Tobago ($-65.7k or -49.4%), Switzerland ($-49.4k or -94.7%), and Panama ($-38.8k or -80.3%). In September 2024, the increase in Knit Babies' Garments's year-by-year imports was explained primarily by an increase in imports from Burma ($3.01M or 133%), Peru ($627k or 38.9%), and Spain ($305k or 316%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$-1.96M(-27.4%)
IMPORT GROWTH (September 2023 - September 2024)$25.2M(18.4%)
MAIN EXPORTER (September 2024)New Jersey$2.78M
MAIN DESTINATION (September 2024)Canada$2.63M

This section shows Knit Babies' Garments'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 Babies' Garments over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$49.2M
IMPORTS (2022)$2.31B
NET TRADE (2022)-$2.26B

In 2022, United States exported $49.2M in Knit Babies' Garments. The main destinations of United States exports on Knit Babies' Garments were Canada ($16.5M), United Arab Emirates ($7.28M), Hong Kong ($5.37M), Mexico ($4.47M), and Venezuela ($1.73M).

In 2022, United States imported $2.31B in Knit Babies' Garments, mainly from China ($573M), India ($385M), Cambodia ($353M), Vietnam ($346M), and Bangladesh ($162M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Babies' Garments EXPORT MARKETS FOR United States WERE (2021 - 2022):
Hong Kong$4.95M (1.17k%)
Canada$1.37M (9.06%)
United Arab Emirates$1.35M (22.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Babies' Garments BY United States WERE (2021 - 2022):
Sudan-$368k (-98.5%)
Cayman Islands-$337k (-93.2%)
Ethiopia-$313k (-98.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Knit Babies' Garments were:
China $2.45B
Bangladesh $1.29B
India $1.08B
In 2022, United States's main importing competitors in Knit Babies' Garments were:
Germany $759M
United Kingdom $629M

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Trade Value of Knit Babies' Garments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCanada+ $3.12M
TOP IMPORT POTENTIALBangladesh+ $77.8M

Knit Babies' Garments’s highest export potential is Canada. With an export gap of $3.12M.   Knit Babies' Garments’s highest import potential is Bangladesh with an import gap of $77.8M.

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