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2022
Exports $17.5MWorld Rnk 53 / 207
Flag Rnk 700 / 1213
2022
Destination $509k United States
2021 - 2022
FASTEST GROWING MARKET $509kCanada
2022
PRODUCT COMPLEXITY IN Knit Men's Suits-1.32Rnk 915 / 1025
2022
Imports $742MWorld Rnk 4 / 221
Flag Rnk 177 / 1214
2022
Origin $21.6M China
2021 - 2022
FASTEST GROWING ORIGIN $21.6MVietnam
2022
ECONOMIC COMPLEXITY of Japan2.07Rnk 1 / 133

About

Exports In 2022, Japan exported $17.5M in Knit Men's Suits, making it the 53rd largest exporter of Knit Men's Suits in the world. At the same year, Knit Men's Suits was the 700th most exported product in Japan. The main destination of Knit Men's Suits exports from Japan are: United States ($2.46M), United Kingdom ($2.13M), China ($1.82M), Switzerland ($1.77M), and Hong Kong ($1.61M).

The fastest growing export markets for Knit Men's Suits of Japan between 2021 and 2022 were Canada ($509k), South Korea ($387k), and United Kingdom ($178k).

Imports In 2022, Japan imported $742M in Knit Men's Suits, becoming the 4th largest importer of Knit Men's Suits in the world. At the same year, Knit Men's Suits was the 177th most imported product in Japan. Japan imports Knit Men's Suits primarily from: China ($364M), Vietnam ($118M), Cambodia ($62.8M), South Korea ($38.4M), and Indonesia ($32.2M).

The fastest growing import markets in Knit Men's Suits for Japan between 2021 and 2022 were Vietnam ($21.6M), Burma ($14.2M), and Malaysia ($5.27M).

Latest Trends

September 2024

About

Overview In September 2024 Japan's Knit Men's Suits exports accounted up to ¥89.5M and imports accounted up to ¥9.57B, resulting in a negative trade balance of ¥9.48B. Between September 2023 and September 2024 the exports of Japan's   Knit Men's Suits have decreased by ¥-6.7M (-6.96%) from ¥96.2M to ¥89.5M, while imports decreased by ¥-124M (-1.28%) from ¥9.7B to ¥9.57B.

Destinations In September 2024, Knit Men's Suits were exported mostly to South Korea (¥18.8M), United States (¥17.3M), China (¥16.9M), Chinese Taipei (¥7.84M), and Hong Kong (¥6.84M), and were imported mostly from China (¥3.93B), Vietnam (¥2.61B), Cambodia (¥770M), Burma (¥668M), and Bangladesh (¥560M).

Growth In September 2024, the decrease in Knit Men's Suits's year-by-year exports was explained primarily by a decrease in exports to Switzerland (¥-74.8M or -76.6%), China (¥-14.1M or -78.5%), and United States (¥-6.97M or -32.8%). In September 2024, the decrease in Knit Men's Suits's year-by-year imports was explained primarily by a decrease in imports from China (¥-385M or -10.7%), Philippines (¥-91.3M or -66.7%), and Madagascar (¥-13.6M or -32.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)¥-6.7M(-6.96%)
IMPORT GROWTH (September 2023 - September 2024)¥-124M(-1.28%)
MAIN EXPORTER (September 2024)Chiba¥85.9M
MAIN DESTINATION (September 2024)South Korea¥18.8M

This section shows Knit Men's Suits'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 Men's Suits over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$17.5M
IMPORTS (2022)$742M
NET TRADE (2022)-$724M

In 2022, Japan exported $17.5M in Knit Men's Suits. The main destinations of Japan exports on Knit Men's Suits were United States ($2.46M), United Kingdom ($2.13M), China ($1.82M), Switzerland ($1.77M), and Hong Kong ($1.61M).

In 2022, Japan imported $742M in Knit Men's Suits, mainly from China ($364M), Vietnam ($118M), Cambodia ($62.8M), South Korea ($38.4M), and Indonesia ($32.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Men's Suits EXPORT MARKETS FOR Japan WERE (2021 - 2022):
Canada$509k (110%)
South Korea$387k (53.5%)
United Kingdom$178k (9.14%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Men's Suits BY Japan WERE (2021 - 2022):
Switzerland-$1.22M (-40.8%)
Indonesia-$593k (-88.4%)
France-$213k (-11.9%)
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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 Men's Suits were:
China $4.9B
Bangladesh $1.43B
Vietnam $1.42B
In 2022, Japan's main importing competitors in Knit Men's Suits were:
United States $3.65B
Germany $921M
United Kingdom $799M

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Trade Value of Knit Men's Suits by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.67M
TOP IMPORT POTENTIALChina+ $30.8M

Knit Men's Suits’s highest export potential is United States. With an export gap of $2.67M.   Knit Men's Suits’s highest import potential is China with an import gap of $30.8M.

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