2022
Exports
$377MWorld Rnk 3 / 185
Flag Rnk 157 / 1176
2022
PRODUCT COMPLEXITY IN Knit Gloves
-0.99Rnk 839 / 1025
2022
Imports
$53.4MWorld Rnk 27 / 218
Flag Rnk 534 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $377M in Knit Gloves, making it the 3rd largest exporter of Knit Gloves in the world. At the same year, Knit Gloves was the 157th most exported product in Vietnam. The main destination of Knit Gloves exports from Vietnam are: United States ($94.4M), South Korea ($75.2M), Japan ($58.6M), Canada ($25.8M), and Netherlands ($17M).

The fastest growing export markets for Knit Gloves of Vietnam between 2021 and 2022 were United States ($25.3M), Japan ($15.2M), and Canada ($12.4M).

Imports In 2022, Vietnam imported $53.4M in Knit Gloves, becoming the 27th largest importer of Knit Gloves in the world. At the same year, Knit Gloves was the 534th most imported product in Vietnam. Vietnam imports Knit Gloves primarily from: China ($47.1M), South Korea ($2.73M), Sri Lanka ($1.12M), Malaysia ($544k), and Pakistan ($341k).

The fastest growing import markets in Knit Gloves for Vietnam between 2021 and 2022 were China ($6.42M), South Korea ($790k), and Burma ($307k).

COMPANIES In 2023, leading companies such as POC Sports (3) and Adidas (3) were at the forefront of shipping Knit Gloves from Vietnam to the United States.

Latest Trends

Oct 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Knit Gloves. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$377M
IMPORTS (2022)$53.4M
NET TRADE (2022)$323M

In 2022, Vietnam exported $377M in Knit Gloves. The main destinations of Vietnam exports on Knit Gloves were United States ($94.4M), South Korea ($75.2M), Japan ($58.6M), Canada ($25.8M), and Netherlands ($17M).

In 2022, Vietnam imported $53.4M in Knit Gloves, mainly from China ($47.1M), South Korea ($2.73M), Sri Lanka ($1.12M), Malaysia ($544k), and Pakistan ($341k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Gloves EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
United States$25.3M (36.7%)
Japan$15.2M (35.2%)
Canada$12.4M (93.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Gloves BY Vietnam WERE (2021 - 2022):
Russia-$2.08M (-73.5%)
Belgium-$1.62M (-9.29%)
Austria-$928k (-75.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Knit Gloves were:
In 2022, Vietnam's main importing competitors in Knit Gloves were:

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Trade Value of Knit Gloves by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $8.58M
TOP IMPORT POTENTIALChina+ $13.7M

Knit Gloves’s highest export potential is United States. With an export gap of $8.58M.   Knit Gloves’s highest import potential is China with an import gap of $13.7M.

See methodology.

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