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2023
Exports $20.6MWorld Rnk 31 / 195
Flag Rnk 951 / 1217
2023
Destination $1.7M United Arab Emirates
2022 - 2023
FASTEST GROWING MARKET $1.7MUnited Arab Emirates
2023
PRODUCT COMPLEXITY IN Knit Babies' Garments-1.57Rnk 954 / 1025
2023
Imports $1.54BWorld Rnk 1 / 216
Flag Rnk 280 / 1215
2023
Origin $3M China
2022 - 2023
FASTEST GROWING ORIGIN $3MKenya
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported $20.6M in Knit Babies' Garments, making it the 31st largest exporter of Knit Babies' Garments in the world. At the same year, Knit Babies' Garments was the 951st most exported product in United States. The main destination of Knit Babies' Garments exports from United States are: United Arab Emirates ($3.34M), Venezuela ($2.18M), Canada ($1.51M), Mexico ($1.4M), and United Kingdom ($842k).

The fastest growing export markets for Knit Babies' Garments of United States between 2022 and 2023 were United Arab Emirates ($1.7M), Vietnam ($736k), and Mali ($706k).

Imports In 2023, United States imported $1.54B 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 280th most imported product in United States. United States imports Knit Babies' Garments primarily from: China ($379M), India ($275M), Vietnam ($230M), Cambodia ($197M), and Bangladesh ($118M).

The fastest growing import markets in Knit Babies' Garments for United States between 2022 and 2023 were Kenya ($3M), Mexico ($1.66M), and Djibouti ($1.17M).

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

November 2024

About

Overview In November 2024 United States' Knit Babies' Garments exports accounted up to $5.1M and imports accounted up to $141M, resulting in a negative trade balance of $136M. Between November 2023 and November 2024 the exports of United States'   Knit Babies' Garments have increased by $563k (12.4%) from $4.54M to $5.1M, while imports increased by $30.1M (27.3%) from $111M to $141M.

Destinations In November 2024, Knit Babies' Garments were exported mostly to Canada ($1.81M), Poland ($1.7M), Mexico ($275k), Venezuela ($190k), and United Arab Emirates ($176k), and were imported mostly from India ($32.7M), China ($30.1M), Vietnam ($20.9M), Cambodia ($17M), and Bangladesh ($15.6M).

Growth In November 2024, the increase in Knit Babies' Garments's year-by-year exports was explained primarily by an increase in exports to United Arab Emirates ($473k or 60.9%), United Kingdom ($98k or 983%), and Germany ($68.3k or 2.14k%). In November 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 (November 2023 - November 2024)$563k(12.4%)
IMPORT GROWTH (November 2023 - November 2024)$30.1M(27.3%)
MAIN EXPORTER (November 2024)New Jersey$2.78M
MAIN DESTINATION (November 2024)Canada$1.81M

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 (2023)$20.6M
IMPORTS (2023)$1.54B
NET TRADE (2023)-$1.52B

In 2023, United States exported $20.6M in Knit Babies' Garments. The main destinations of United States exports on Knit Babies' Garments were United Arab Emirates ($3.34M), Venezuela ($2.18M), Canada ($1.51M), Mexico ($1.4M), and United Kingdom ($842k).

In 2023, United States imported $1.54B in Knit Babies' Garments, mainly from China ($379M), India ($275M), Vietnam ($230M), Cambodia ($197M), and Bangladesh ($118M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Knit Babies' Garments EXPORT MARKETS FOR United States WERE (2022 - 2023):
United Arab Emirates$1.7M (104%)
Vietnam$736k (1.21k%)
Mali$706k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Babies' Garments BY United States WERE (2022 - 2023):
Mexico-$4.41M (-75.9%)
Hong Kong-$1.16M (-66.8%)
Israel-$596k (-43.8%)
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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 Babies' Garments were:
China $1.81B
Bangladesh $1.04B
India $943M
In 2023, United States's main importing competitors in Knit Babies' Garments were:
Germany $557M
France $465M

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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.

See methodology.

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