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2023
Exports $28.8MWorld Rnk 29 / 191
Flag Rnk 909 / 1217
2023
Destination $4.53M Mexico
2022 - 2023
FASTEST GROWING MARKET $4.53MMexico
2023
PRODUCT COMPLEXITY IN Knit Men's Undergarments-1.47Rnk 942 / 1025
2023
Imports $1.71BWorld Rnk 1 / 214
Flag Rnk 255 / 1215
2023
Origin $5.12M China
2022 - 2023
FASTEST GROWING ORIGIN $5.12MMexico
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported $28.8M in Knit Men's Undergarments, making it the 29th largest exporter of Knit Men's Undergarments in the world. At the same year, Knit Men's Undergarments was the 909th most exported product in United States. The main destination of Knit Men's Undergarments exports from United States are: Mexico ($8.25M), Canada ($2.27M), South Korea ($1.99M), Guatemala ($1.84M), and Dominican Republic ($1.07M).

The fastest growing export markets for Knit Men's Undergarments of United States between 2022 and 2023 were Mexico ($4.53M), South Korea ($1.81M), and Guatemala ($1.29M).

Imports In 2023, United States imported $1.71B 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 255th most imported product in United States. United States imports Knit Men's Undergarments primarily from: China ($484M), Vietnam ($416M), India ($194M), Bangladesh ($150M), and Cambodia ($102M).

The fastest growing import markets in Knit Men's Undergarments for United States between 2022 and 2023 were Mexico ($5.12M), Haiti ($1.14M), and Tanzania ($792k).

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

November 2024

About

Overview In November 2024 United States' Knit Men's Undergarments exports accounted up to $5.47M and imports accounted up to $131M, resulting in a negative trade balance of $125M. Between November 2023 and November 2024 the exports of United States'   Knit Men's Undergarments have decreased by $-668k (-10.9%) from $6.14M to $5.47M, while imports increased by $31.5M (31.7%) from $99.4M to $131M.

Destinations In November 2024, Knit Men's Undergarments were exported mostly to Canada ($2.14M), Mexico ($531k), United Kingdom ($385k), Costa Rica ($255k), and Panama ($229k), and were imported mostly from China ($31.1M), Vietnam ($29.7M), India ($18.5M), Bangladesh ($12.7M), and Pakistan ($7.86M).

Growth In November 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 November 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 (November 2023 - November 2024)$-668k(-10.9%)
IMPORT GROWTH (November 2023 - November 2024)$31.5M(31.7%)
MAIN EXPORTER (November 2024)California$2.43M
MAIN DESTINATION (November 2024)Canada$2.14M

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 (2023)$28.8M
IMPORTS (2023)$1.71B
NET TRADE (2023)-$1.68B

In 2023, United States exported $28.8M in Knit Men's Undergarments. The main destinations of United States exports on Knit Men's Undergarments were Mexico ($8.25M), Canada ($2.27M), South Korea ($1.99M), Guatemala ($1.84M), and Dominican Republic ($1.07M).

In 2023, United States imported $1.71B in Knit Men's Undergarments, mainly from China ($484M), Vietnam ($416M), India ($194M), Bangladesh ($150M), and Cambodia ($102M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Knit Men's Undergarments EXPORT MARKETS FOR United States WERE (2022 - 2023):
Mexico$4.53M (122%)
South Korea$1.81M (1.01k%)
Guatemala$1.29M (233%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Men's Undergarments BY United States WERE (2022 - 2023):
Israel-$1M (-51.9%)
China-$513k (-64.3%)
Costa Rica-$379k (-60.5%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United States's main exporting competitors in Knit Men's Undergarments were:
China $2.48B
Bangladesh $1.08B
Vietnam $638M
In 2023, United States's main importing competitors in Knit Men's Undergarments were:
Germany $562M
Japan $412M

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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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