2022
Exports
$386MWorld Rnk 10 / 207
Flag Rnk 121 / 1194
2022
PRODUCT COMPLEXITY IN Knit Men's Suits
-1.32Rnk 915 / 1025
2022
Imports
$26.6MWorld Rnk 68 / 221
Flag Rnk 617 / 1206
2022
ECONOMIC COMPLEXITY of Indonesia
-0.012Rnk 67 / 133

About

Exports In 2022, Indonesia exported $386M in Knit Men's Suits, making it the 10th largest exporter of Knit Men's Suits in the world. At the same year, Knit Men's Suits was the 121st most exported product in Indonesia. The main destination of Knit Men's Suits exports from Indonesia are: United States ($176M), Japan ($32.2M), Canada ($21.3M), United Kingdom ($16.8M), and South Korea ($14M).

The fastest growing export markets for Knit Men's Suits of Indonesia between 2021 and 2022 were United States ($17.5M), Australia ($6.88M), and Canada ($5.72M).

Imports In 2022, Indonesia imported $26.6M in Knit Men's Suits, becoming the 68th largest importer of Knit Men's Suits in the world. At the same year, Knit Men's Suits was the 617th most imported product in Indonesia. Indonesia imports Knit Men's Suits primarily from: China ($16.1M), Bangladesh ($2.52M), Vietnam ($2.13M), Spain ($1.06M), and Singapore ($922k).

The fastest growing import markets in Knit Men's Suits for Indonesia between 2021 and 2022 were Bangladesh ($478k), Vietnam ($325k), and Singapore ($216k).

COMPANIES In 2023, leading companies such as Old Navy (122), Gap (100), and H&M Clothing (19) were at the forefront of shipping Knit Men's Suits from Indonesia 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 Men's Suits. 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)$386M
IMPORTS (2022)$26.6M
NET TRADE (2022)$360M

In 2022, Indonesia exported $386M in Knit Men's Suits. The main destinations of Indonesia exports on Knit Men's Suits were United States ($176M), Japan ($32.2M), Canada ($21.3M), United Kingdom ($16.8M), and South Korea ($14M).

In 2022, Indonesia imported $26.6M in Knit Men's Suits, mainly from China ($16.1M), Bangladesh ($2.52M), Vietnam ($2.13M), Spain ($1.06M), and Singapore ($922k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Men's Suits EXPORT MARKETS FOR Indonesia WERE (2021 - 2022):
United States$17.5M (11.1%)
Australia$6.88M (110%)
Canada$5.72M (36.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Men's Suits BY Indonesia WERE (2021 - 2022):
Japan-$11.2M (-25.9%)
Russia-$6.31M (-89.3%)
Netherlands-$2.18M (-19.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Indonesia's main exporting competitors in Knit Men's Suits were:
In 2022, Indonesia's main importing competitors in Knit Men's Suits were:

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Trade Value of Knit Men's Suits by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $19.2M
TOP IMPORT POTENTIALChina+ $5.84M

Knit Men's Suits’s highest export potential is United States. With an export gap of $19.2M.   Knit Men's Suits’s highest import potential is China with an import gap of $5.84M.

See methodology.

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