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2022
Exports $5.53MWorld Rnk 39 / 185
Flag Rnk 847 / 1213
2022
Destination $1.42M United States
2021 - 2022
FASTEST GROWING MARKET $1.42MUnited States
2022
PRODUCT COMPLEXITY IN Knit Gloves-0.99Rnk 839 / 1025
2022
Imports $473MWorld Rnk 3 / 218
Flag Rnk 237 / 1214
2022
Origin $35M China
2021 - 2022
FASTEST GROWING ORIGIN $35MChina
2022
ECONOMIC COMPLEXITY of Japan2.07Rnk 1 / 133

About

Exports In 2022, Japan exported $5.53M in Knit Gloves, making it the 39th largest exporter of Knit Gloves in the world. At the same year, Knit Gloves was the 847th most exported product in Japan. The main destination of Knit Gloves exports from Japan are: United States ($1.97M), South Korea ($364k), China ($352k), Vietnam ($330k), and Indonesia ($238k).

The fastest growing export markets for Knit Gloves of Japan between 2021 and 2022 were United States ($1.42M), South Korea ($196k), and Brazil ($72.8k).

Imports In 2022, Japan imported $473M in Knit Gloves, becoming the 3rd largest importer of Knit Gloves in the world. At the same year, Knit Gloves was the 237th most imported product in Japan. Japan imports Knit Gloves primarily from: China ($293M), Vietnam ($58.6M), Malaysia ($49.7M), Indonesia ($21.6M), and Philippines ($9.62M).

The fastest growing import markets in Knit Gloves for Japan between 2021 and 2022 were China ($35M), Vietnam ($15.2M), and Malaysia ($8.21M).

Latest Trends

October 2024

About

Overview In October 2024 Japan's Knit Gloves exports accounted up to ¥50.8M and imports accounted up to ¥6.35B, resulting in a negative trade balance of ¥6.29B. Between October 2023 and October 2024 the exports of Japan's   Knit Gloves have increased by ¥20.7M (68.8%) from ¥30.1M to ¥50.8M, while imports increased by ¥374M (6.27%) from ¥5.97B to ¥6.35B.

Destinations In October 2024, Knit Gloves were exported mostly to South Korea (¥6.54M), Vietnam (¥6.27M), Hong Kong (¥5.82M), Canada (¥4.41M), and France (¥4.06M), and were imported mostly from China (¥3.93B), Vietnam (¥769M), Malaysia (¥735M), Indonesia (¥213M), and Cambodia (¥132M).

Growth In October 2024, the increase in Knit Gloves's year-by-year exports was explained primarily by an increase in exports to Philippines (¥1.29M or 473%) and Hong Kong (¥535k or 129%). In October 2024, the increase in Knit Gloves's year-by-year imports was explained primarily by an increase in imports from China (¥328M or 13.6%), Malaysia (¥179M or 63.1%), and Thailand (¥95M or 150%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)¥20.7M(68.8%)
IMPORT GROWTH (October 2023 - October 2024)¥374M(6.27%)
MAIN EXPORTER (October 2024)Chiba¥13.5M
MAIN DESTINATION (October 2024)South Korea¥6.54M

This section shows Knit Gloves's exports and imports data at subnational level for Japan. 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)$5.53M
IMPORTS (2022)$473M
NET TRADE (2022)-$468M

In 2022, Japan exported $5.53M in Knit Gloves. The main destinations of Japan exports on Knit Gloves were United States ($1.97M), South Korea ($364k), China ($352k), Vietnam ($330k), and Indonesia ($238k).

In 2022, Japan imported $473M in Knit Gloves, mainly from China ($293M), Vietnam ($58.6M), Malaysia ($49.7M), Indonesia ($21.6M), and Philippines ($9.62M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Gloves EXPORT MARKETS FOR Japan WERE (2021 - 2022):
United States$1.42M (256%)
South Korea$196k (117%)
Brazil$72.8k (81.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Gloves BY Japan WERE (2021 - 2022):
Netherlands-$114k (-46.4%)
Philippines-$87.4k (-29.2%)
Russia-$49.5k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Japan's main exporting competitors in Knit Gloves were:
China $3.35B
Sri Lanka $406M
Vietnam $377M
In 2022, Japan's main importing competitors in Knit Gloves were:
United States $1.23B
Germany $491M

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Trade Value of Knit Gloves by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.45M
TOP IMPORT POTENTIALChina+ $14M

Knit Gloves’s highest export potential is United States. With an export gap of $1.45M.   Knit Gloves’s highest import potential is China with an import gap of $14M.

See methodology.

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