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2022
Exports $41.3MWorld Rnk 27 / 190
Flag Rnk 893 / 1217
2022
Destination $2.11M Canada
2021 - 2022
FASTEST GROWING MARKET $2.11MMexico
2022
PRODUCT COMPLEXITY IN Knit Men's Undergarments-1.37Rnk 926 / 1025
2022
Imports $2.31BWorld Rnk 1 / 217
Flag Rnk 221 / 1216
2022
Origin $26.3M China
2021 - 2022
FASTEST GROWING ORIGIN $26.3MCambodia
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $41.3M in Knit Men's Undergarments, making it the 27th largest exporter of Knit Men's Undergarments in the world. At the same year, Knit Men's Undergarments was the 893rd most exported product in United States. The main destination of Knit Men's Undergarments exports from United States are: Canada ($15.4M), Mexico ($5.27M), Israel ($1.95M), United Kingdom ($1.88M), and Panama ($1.12M).

The fastest growing export markets for Knit Men's Undergarments of United States between 2021 and 2022 were Mexico ($2.11M), Israel ($1.09M), and South Korea ($501k).

Imports In 2022, United States imported $2.31B in Knit Men's Undergarments, becoming the 1st largest importer of Knit Men's Undergarments in the world. At the same year, Knit Men's Undergarments was the 221st most imported product in United States. United States imports Knit Men's Undergarments primarily from: China ($686M), Vietnam ($464M), Cambodia ($211M), India ($170M), and Bangladesh ($158M).

The fastest growing import markets in Knit Men's Undergarments for United States between 2021 and 2022 were Cambodia ($26.3M), Philippines ($17.3M), and Guatemala ($11.4M).

COMPANIES In 2023, leading companies such as Old Navy (416), PVH (Phillips-Van Heusen Corporation) (336), and Gap (300) were at the forefront of shipping Knit Men's Undergarments to the United States.

Latest Trends

September 2024

About

Overview In September 2024 United States' Knit Men's Undergarments exports accounted up to $5.2M and imports accounted up to $204M, resulting in a negative trade balance of $198M. Between September 2023 and September 2024 the exports of United States'   Knit Men's Undergarments have decreased by $-474k (-8.35%) from $5.67M to $5.2M, while imports increased by $19.8M (10.8%) from $184M to $204M.

Destinations In September 2024, Knit Men's Undergarments were exported mostly to Canada ($1.83M), Mexico ($1.27M), United Kingdom ($441k), Germany ($282k), and Australia ($268k), and were imported mostly from China ($63.2M), Vietnam ($44.2M), India ($26.1M), Cambodia ($15.3M), and Bangladesh ($12M).

Growth In September 2024, the decrease in Knit Men's Undergarments's year-by-year exports was explained primarily by a decrease in exports to Canada ($-306k or -18.9%), Colombia ($-39.4k or -39.9%), and Guatemala ($-37.3k or -18.2%). In September 2024, the increase in Knit Men's Undergarments's year-by-year imports was explained primarily by an increase in imports from Bangladesh ($3.1M or 26.7%), Kenya ($527k or 25.9%), and Guatemala ($288k or 55.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$-474k(-8.35%)
IMPORT GROWTH (September 2023 - September 2024)$19.8M(10.8%)
MAIN EXPORTER (September 2024)California$2.43M
MAIN DESTINATION (September 2024)Canada$1.83M

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

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Historical Data

Trade Balance

Color
EXPORTS (2022)$41.3M
IMPORTS (2022)$2.31B
NET TRADE (2022)-$2.27B

In 2022, United States exported $41.3M in Knit Men's Undergarments. The main destinations of United States exports on Knit Men's Undergarments were Canada ($15.4M), Mexico ($5.27M), Israel ($1.95M), United Kingdom ($1.88M), and Panama ($1.12M).

In 2022, United States imported $2.31B in Knit Men's Undergarments, mainly from China ($686M), Vietnam ($464M), Cambodia ($211M), India ($170M), and Bangladesh ($158M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Men's Undergarments EXPORT MARKETS FOR United States WERE (2021 - 2022):
Mexico$2.11M (66.9%)
Israel$1.09M (126%)
South Korea$501k (86.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Men's Undergarments BY United States WERE (2021 - 2022):
Canada-$1.1M (-6.67%)
Colombia-$591k (-50.5%)
United Kingdom-$565k (-23.1%)
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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 Men's Undergarments were:
China $3.23B
Bangladesh $1.2B
Vietnam $715M
In 2022, United States's main importing competitors in Knit Men's Undergarments were:
Germany $772M
United Kingdom $503M

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Trade Value of Knit Men's Undergarments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCanada+ $2.71M
TOP IMPORT POTENTIALBangladesh+ $82.4M

Knit Men's Undergarments’s highest export potential is Canada. With an export gap of $2.71M.   Knit Men's Undergarments’s highest import potential is Bangladesh with an import gap of $82.4M.

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