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2022
Exports $64.6MWorld Rnk 12 / 185
Flag Rnk 822 / 1217
2022
Destination $2.77M Canada
2021 - 2022
FASTEST GROWING MARKET $2.77MCanada
2022
PRODUCT COMPLEXITY IN Knit Gloves-0.99Rnk 839 / 1025
2022
Imports $1.23BWorld Rnk 1 / 218
Flag Rnk 354 / 1216
2022
Origin $47.1M China
2021 - 2022
FASTEST GROWING ORIGIN $47.1MChina
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $64.6M in Knit Gloves, making it the 12th largest exporter of Knit Gloves in the world. At the same year, Knit Gloves was the 822nd most exported product in United States. The main destination of Knit Gloves exports from United States are: Canada ($25.7M), Mexico ($15.6M), Chile ($2.21M), Guatemala ($2.21M), and Peru ($1.75M).

The fastest growing export markets for Knit Gloves of United States between 2021 and 2022 were Canada ($2.77M), Guatemala ($1.37M), and Ireland ($762k).

Imports In 2022, United States imported $1.23B in Knit Gloves, becoming the 1st largest importer of Knit Gloves in the world. At the same year, Knit Gloves was the 354th most imported product in United States. United States imports Knit Gloves primarily from: China ($672M), Sri Lanka ($154M), Vietnam ($94.4M), Pakistan ($59.9M), and Indonesia ($32M).

The fastest growing import markets in Knit Gloves for United States between 2021 and 2022 were China ($47.1M), Vietnam ($25.3M), and Sri Lanka ($20.7M).

COMPANIES In 2023, leading companies such as Old Navy (97), CrimsonLogic (60), and Adidas (56) were at the forefront of shipping Knit Gloves to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United States' Knit Gloves exports accounted up to $6.76M and imports accounted up to $94.6M, resulting in a negative trade balance of $87.8M. Between June 2023 and June 2024 the exports of United States'   Knit Gloves have decreased by $-1.29M (-16%) from $8.05M to $6.76M, while imports increased by $4.39M (4.87%) from $90.2M to $94.6M.

Destinations In June 2024, Knit Gloves were exported mostly to Canada ($3.2M), Mexico ($1.19M), Peru ($360k), Netherlands ($348k), and Australia ($282k), and were imported mostly from China ($58.1M), Sri Lanka ($12.5M), Vietnam ($5.02M), Pakistan ($3.14M), and Indonesia ($2.88M).

Growth In June 2024, the decrease in Knit Gloves's year-by-year exports was explained primarily by a decrease in exports to Guatemala ($-201k or -68.8%), Canada ($-192k or -6.29%), and Brazil ($-133k or -92.5%). In June 2024, the increase in Knit Gloves's year-by-year imports was explained primarily by an increase in imports from Vietnam ($3.84M or 67.8%), Sri Lanka ($3.56M or 38%), and Malaysia ($1.49M or 60.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-1.29M(-16%)
IMPORT GROWTH (June 2023 - June 2024)$4.39M(4.87%)
MAIN EXPORTER (June 2024)New Jersey$863k
MAIN DESTINATION (June 2024)Canada$3.2M

This section shows Knit Gloves'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 Gloves over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$64.6M
IMPORTS (2022)$1.23B
NET TRADE (2022)-$1.17B

In 2022, United States exported $64.6M in Knit Gloves. The main destinations of United States exports on Knit Gloves were Canada ($25.7M), Mexico ($15.6M), Chile ($2.21M), Guatemala ($2.21M), and Peru ($1.75M).

In 2022, United States imported $1.23B in Knit Gloves, mainly from China ($672M), Sri Lanka ($154M), Vietnam ($94.4M), Pakistan ($59.9M), and Indonesia ($32M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Gloves EXPORT MARKETS FOR United States WERE (2021 - 2022):
Canada$2.77M (12.1%)
Guatemala$1.37M (163%)
Ireland$762k (145%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Gloves BY United States WERE (2021 - 2022):
Nigeria-$4.06M (-99.6%)
Mexico-$2.79M (-15.2%)
Brazil-$630k (-53.2%)
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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 Gloves were:
China $3.35B
Sri Lanka $406M
Vietnam $377M
In 2022, United States's main importing competitors in Knit Gloves were:
Germany $491M
Japan $473M

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Trade Value of Knit Gloves by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $1.27M
TOP IMPORT POTENTIALPakistan+ $24.4M

Knit Gloves’s highest export potential is Germany. With an export gap of $1.27M.   Knit Gloves’s highest import potential is Pakistan with an import gap of $24.4M.

See methodology.

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