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2022
Exports $3.35BWorld Rnk 1 / 185
Flag Rnk 205 / 1216
2022
Destination $93.3M United States
2021 - 2022
FASTEST GROWING MARKET $93.3MRussia
2022
PRODUCT COMPLEXITY IN Knit Gloves-0.99Rnk 839 / 1025
2022
Imports $21.8MWorld Rnk 43 / 218
Flag Rnk 910 / 1212
2022
Origin $2.37M Vietnam
2021 - 2022
FASTEST GROWING ORIGIN $2.37MPakistan
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $3.35B in Knit Gloves, making it the 1st largest exporter of Knit Gloves in the world. At the same year, Knit Gloves was the 205th most exported product in China. The main destination of Knit Gloves exports from China are: United States ($672M), Japan ($293M), Germany ($224M), South Korea ($159M), and Russia ($157M).

The fastest growing export markets for Knit Gloves of China between 2021 and 2022 were Russia ($93.3M), Kyrgyzstan ($52.1M), and United States ($47.1M).

Imports In 2022, China imported $21.8M in Knit Gloves, becoming the 43rd largest importer of Knit Gloves in the world. At the same year, Knit Gloves was the 910th most imported product in China. China imports Knit Gloves primarily from: Vietnam ($4.03M), Pakistan ($3.2M), South Korea ($2.22M), Sri Lanka ($1.88M), and Cambodia ($1.87M).

The fastest growing import markets in Knit Gloves for China between 2021 and 2022 were Pakistan ($2.37M), Indonesia ($624k), and Vietnam ($587k).

COMPANIES In 2023, leading companies such as CrimsonLogic (60), David Peyser Sportswear (14), and Costco Wholesale (10) were at the forefront of shipping Knit Gloves from China to the United States.

Latest Trends

July 2024

About

Overview In July 2024 China's Knit Gloves exports accounted up to $318M and imports accounted up to $3.06M, resulting in a positive trade balance of $315M. Between July 2023 and July 2024 the exports of China's   Knit Gloves have decreased by $-2.29M (-0.72%) from $320M to $318M, while imports increased by $1.05M (52.2%) from $2.01M to $3.06M.

Destinations In July 2024, Knit Gloves were exported mostly to United States ($80.2M), Japan ($18.6M), Germany ($17.1M), Russia ($16M), and United Kingdom ($14.7M), and were imported mostly from Sri Lanka ($1.09M), Vietnam ($578k), Indonesia ($286k), Philippines ($273k), and South Korea ($196k).

Growth In July 2024, the decrease in Knit Gloves's year-by-year exports was explained primarily by a decrease in exports to Japan ($-6.88M or -27.4%), United States ($-5.7M or -10.2%), and Kazakhstan ($-4.58M or -61.9%). In July 2024, the increase in Knit Gloves's year-by-year imports was explained primarily by an increase in imports from Indonesia ($131k or 766%), Philippines ($46.7k or 2.31k%), and Chinese Taipei ($25.3k or 155%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-2.29M(-0.72%)
IMPORT GROWTH (July 2023 - July 2024)$1.05M(52.2%)
MAIN EXPORTER (July 2024)Jiangsu Province$101M
MAIN DESTINATION (July 2024)United States$80.2M

This section shows Knit Gloves's exports and imports data at subnational level for China. 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 Gloves over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$3.35B
IMPORTS (2022)$21.8M
NET TRADE (2022)$3.33B

In 2022, China exported $3.35B in Knit Gloves. The main destinations of China exports on Knit Gloves were United States ($672M), Japan ($293M), Germany ($224M), South Korea ($159M), and Russia ($157M).

In 2022, China imported $21.8M in Knit Gloves, mainly from Vietnam ($4.03M), Pakistan ($3.2M), South Korea ($2.22M), Sri Lanka ($1.88M), and Cambodia ($1.87M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Gloves EXPORT MARKETS FOR China WERE (2021 - 2022):
Russia$93.3M (147%)
Kyrgyzstan$52.1M (351%)
United States$47.1M (7.54%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Gloves BY China WERE (2021 - 2022):
Kazakhstan-$12.7M (-21.4%)
Ukraine-$7.18M (-37.5%)
Egypt-$5.03M (-50.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Knit Gloves were:
Sri Lanka $406M
Vietnam $377M
In 2022, China's main importing competitors in Knit Gloves were:
United States $1.23B
Germany $491M
Japan $473M

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Trade Value of Knit Gloves by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALRussia+ $25.5M
TOP IMPORT POTENTIALVietnam+ $4.64M

Knit Gloves’s highest export potential is Russia. With an export gap of $25.5M.   Knit Gloves’s highest import potential is Vietnam with an import gap of $4.64M.

See methodology.

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