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2022
Exports $48.7MWorld Rnk 30 / 200
Flag Rnk 554 / 1216
2022
Destination $1.61M Netherlands
2021 - 2022
FASTEST GROWING MARKET $1.61MUnited Arab Emirates
2022
PRODUCT COMPLEXITY IN Knit Men's Shirts-1.58Rnk 957 / 1025
2022
Imports $512MWorld Rnk 3 / 222
Flag Rnk 253 / 1214
2022
Origin $59.3M Bangladesh
2021 - 2022
FASTEST GROWING ORIGIN $59.3MBangladesh
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $48.7M in Knit Men's Shirts, making it the 30th largest exporter of Knit Men's Shirts in the world. At the same year, Knit Men's Shirts was the 554th most exported product in United Kingdom. The main destination of Knit Men's Shirts exports from United Kingdom are: Netherlands ($7.35M), Ireland ($6.68M), United States ($2.94M), South Korea ($2.93M), and United Arab Emirates ($2.92M).

The fastest growing export markets for Knit Men's Shirts of United Kingdom between 2021 and 2022 were United Arab Emirates ($1.61M), Bangladesh ($1.12M), and Japan ($643k).

Imports In 2022, United Kingdom imported $512M in Knit Men's Shirts, becoming the 3rd largest importer of Knit Men's Shirts in the world. At the same year, Knit Men's Shirts was the 253rd most imported product in United Kingdom. United Kingdom imports Knit Men's Shirts primarily from: Bangladesh ($129M), Pakistan ($64.9M), Germany ($52.7M), China ($47.8M), and India ($37.3M).

The fastest growing import markets in Knit Men's Shirts for United Kingdom between 2021 and 2022 were Bangladesh ($59.3M), Turkey ($15.6M), and China ($14.4M).

Latest Trends

June 2024

About

Overview In June 2024 United Kingdom's Knit Men's Shirts exports accounted up to £9.55M and imports accounted up to £33.9M, resulting in a negative trade balance of £24.4M. Between June 2023 and June 2024 the exports of United Kingdom's   Knit Men's Shirts have increased by £4.54M (90.5%) from £5.02M to £9.55M, while imports decreased by £-6.25M (-15.6%) from £40.2M to £33.9M.

Destinations In June 2024, Knit Men's Shirts were exported mostly to France (£5.33M), Ireland (£908k), Netherlands (£698k), Germany (£367k), and United States (£259k), and were imported mostly from Bangladesh (£6.07M), Italy (£4.49M), Pakistan (£3.18M), China (£2.83M), and Turkey (£2.34M).

Growth In June 2024, the increase in Knit Men's Shirts's year-by-year exports was explained primarily by an increase in exports to Netherlands (£406k or 204%), Ireland (£318k or 146%), and United States (£267k or 184%). In June 2024, the decrease in Knit Men's Shirts's year-by-year imports was explained primarily by a decrease in imports from Germany (£-948k or -11.7%), Italy (£-793k or -18.3%), and Netherlands (£-382k or -51.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)£4.54M(90.5%)
IMPORT GROWTH (June 2023 - June 2024)£-6.25M(-15.6%)
MAIN EXPORTER (June 2024)East Midlands Airport£6.33M
MAIN DESTINATION (June 2024)France£5.33M

This section shows Knit Men's Shirts's exports and imports data at subnational level for United Kingdom. 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 Men's Shirts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$48.7M
IMPORTS (2022)$512M
NET TRADE (2022)-$463M

In 2022, United Kingdom exported $48.7M in Knit Men's Shirts. The main destinations of United Kingdom exports on Knit Men's Shirts were Netherlands ($7.35M), Ireland ($6.68M), United States ($2.94M), South Korea ($2.93M), and United Arab Emirates ($2.92M).

In 2022, United Kingdom imported $512M in Knit Men's Shirts, mainly from Bangladesh ($129M), Pakistan ($64.9M), Germany ($52.7M), China ($47.8M), and India ($37.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Men's Shirts EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
United Arab Emirates$1.61M (123%)
Bangladesh$1.12M (68.6k%)
Japan$643k (39.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Men's Shirts BY United Kingdom WERE (2021 - 2022):
Germany-$2.77M (-50.8%)
Italy-$2.23M (-70.6%)
South Korea-$1.9M (-39.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United Kingdom's main exporting competitors in Knit Men's Shirts were:
Bangladesh $1.44B
China $1.42B
Vietnam $920M
In 2022, United Kingdom's main importing competitors in Knit Men's Shirts were:
United States $2.7B
Germany $804M

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Trade Value of Knit Men's Shirts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3.77M
TOP IMPORT POTENTIALBangladesh+ $14.6M

Knit Men's Shirts’s highest export potential is United States. With an export gap of $3.77M.   Knit Men's Shirts’s highest import potential is Bangladesh with an import gap of $14.6M.

See methodology.

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