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2022
Exports $114MWorld Rnk 48 / 221
Flag Rnk 413 / 1213
2022
Destination $5.12M China
2021 - 2022
FASTEST GROWING MARKET $5.12MSouth Korea
2022
PRODUCT COMPLEXITY IN Knit Sweaters-1.3Rnk 909 / 1025
2022
Imports $4.37BWorld Rnk 3 / 218
Flag Rnk 25 / 1214
2022
Origin $222M China
2021 - 2022
FASTEST GROWING ORIGIN $222MVietnam
2022
ECONOMIC COMPLEXITY of Japan2.07Rnk 1 / 133

About

Exports In 2022, Japan exported $114M in Knit Sweaters, making it the 48th largest exporter of Knit Sweaters in the world. At the same year, Knit Sweaters was the 413th most exported product in Japan. The main destination of Knit Sweaters exports from Japan are: China ($35.3M), South Korea ($16M), Hong Kong ($14.9M), United States ($10.8M), and France ($7.84M).

The fastest growing export markets for Knit Sweaters of Japan between 2021 and 2022 were South Korea ($5.12M), China ($4.47M), and Italy ($1.25M).

Imports In 2022, Japan imported $4.37B in Knit Sweaters, becoming the 3rd largest importer of Knit Sweaters in the world. At the same year, Knit Sweaters was the 25th most imported product in Japan. Japan imports Knit Sweaters primarily from: China ($2.63B), Vietnam ($714M), Bangladesh ($252M), Cambodia ($157M), and Italy ($122M).

The fastest growing import markets in Knit Sweaters for Japan between 2021 and 2022 were Vietnam ($222M), China ($57.4M), and Burma ($44.3M).

Latest Trends

August 2024

About

Overview In August 2024 Japan's Knit Sweaters exports accounted up to ¥1.39B and imports accounted up to ¥79.6B, resulting in a negative trade balance of ¥78.2B. Between August 2023 and August 2024 the exports of Japan's   Knit Sweaters have decreased by ¥-182M (-11.6%) from ¥1.57B to ¥1.39B, while imports decreased by ¥-5.7B (-6.68%) from ¥85.3B to ¥79.6B.

Destinations In August 2024, Knit Sweaters were exported mostly to China (¥430M), Hong Kong (¥211M), United States (¥139M), South Korea (¥138M), and Chinese Taipei (¥84.7M), and were imported mostly from China (¥43B), Vietnam (¥16.5B), Cambodia (¥4.88B), Italy (¥3.2B), and Bangladesh (¥2.48B).

Growth In August 2024, the decrease in Knit Sweaters's year-by-year exports was explained primarily by a decrease in exports to South Korea (¥-127M or -62.7%), China (¥-81M or -23.3%), and Switzerland (¥-44.6M or -72.9%). In August 2024, the decrease in Knit Sweaters's year-by-year imports was explained primarily by a decrease in imports from Bangladesh (¥-508M or -21.3%), Guatemala (¥-119M or -78.1%), and India (¥-111M or -46.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)¥-182M(-11.6%)
IMPORT GROWTH (August 2023 - August 2024)¥-5.7B(-6.68%)
MAIN EXPORTER (August 2024)Chiba¥1.02B
MAIN DESTINATION (August 2024)China¥430M

This section shows Knit Sweaters'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 Sweaters over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$114M
IMPORTS (2022)$4.37B
NET TRADE (2022)-$4.26B

In 2022, Japan exported $114M in Knit Sweaters. The main destinations of Japan exports on Knit Sweaters were China ($35.3M), South Korea ($16M), Hong Kong ($14.9M), United States ($10.8M), and France ($7.84M).

In 2022, Japan imported $4.37B in Knit Sweaters, mainly from China ($2.63B), Vietnam ($714M), Bangladesh ($252M), Cambodia ($157M), and Italy ($122M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Sweaters EXPORT MARKETS FOR Japan WERE (2021 - 2022):
South Korea$5.12M (46.8%)
China$4.47M (14.5%)
Italy$1.25M (46.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Sweaters BY Japan WERE (2021 - 2022):
Hong Kong-$2.74M (-15.6%)
Switzerland-$1.57M (-30.1%)
Thailand-$232k (-15.9%)
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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 Sweaters were:
China $20.4B
Bangladesh $8.02B
Vietnam $4.83B
In 2022, Japan's main importing competitors in Knit Sweaters were:
United States $15.9B
Germany $7.28B

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Trade Value of Knit Sweaters by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $14M
TOP IMPORT POTENTIALBangladesh+ $199M

Knit Sweaters’s highest export potential is United States. With an export gap of $14M.   Knit Sweaters’s highest import potential is Bangladesh with an import gap of $199M.

See methodology.

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