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2022
Exports $615MWorld Rnk 21 / 221
Flag Rnk 344 / 1217
2022
Destination $46.3M Canada
2021 - 2022
FASTEST GROWING MARKET $46.3MCanada
2022
PRODUCT COMPLEXITY IN Knit Sweaters-1.3Rnk 909 / 1025
2022
Imports $15.9BWorld Rnk 1 / 218
Flag Rnk 31 / 1216
2022
Origin $300M China
2021 - 2022
FASTEST GROWING ORIGIN $300MVietnam
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $615M in Knit Sweaters, making it the 21st largest exporter of Knit Sweaters in the world. At the same year, Knit Sweaters was the 344th most exported product in United States. The main destination of Knit Sweaters exports from United States are: Canada ($249M), Mexico ($132M), Nicaragua ($44.3M), Japan ($21M), and United Kingdom ($18.5M).

The fastest growing export markets for Knit Sweaters of United States between 2021 and 2022 were Canada ($46.3M), Nicaragua ($40.3M), and Mexico ($36.8M).

Imports In 2022, United States imported $15.9B in Knit Sweaters, becoming the 1st largest importer of Knit Sweaters in the world. At the same year, Knit Sweaters was the 31st most imported product in United States. United States imports Knit Sweaters primarily from: China ($3.49B), Vietnam ($2.87B), Honduras ($1.24B), Indonesia ($1.03B), and Cambodia ($984M).

The fastest growing import markets in Knit Sweaters for United States between 2021 and 2022 were Vietnam ($300M), Jordan ($255M), and Honduras ($199M).

COMPANIES In 2023, leading companies such as Old Navy (2.7k), Gap (1.94k), and Banana Republic (918) were at the forefront of shipping Knit Sweaters to the United States.

Latest Trends

September 2024

About

Overview In September 2024 United States' Knit Sweaters exports accounted up to $70.4M and imports accounted up to $1.63B, resulting in a negative trade balance of $1.56B. Between September 2023 and September 2024 the exports of United States'   Knit Sweaters have decreased by $-1.07M (-1.5%) from $71.5M to $70.4M, while imports increased by $79.5M (5.12%) from $1.55B to $1.63B.

Destinations In September 2024, Knit Sweaters were exported mostly to Canada ($30.3M), Mexico ($23.2M), Nicaragua ($3.37M), United Kingdom ($2.07M), and China ($1.44M), and were imported mostly from China ($367M), Vietnam ($308M), Cambodia ($152M), Indonesia ($97.4M), and Bangladesh ($95.4M).

Growth In September 2024, the decrease in Knit Sweaters's year-by-year exports was explained primarily by a decrease in exports to China ($-2.25M or -85.9%), United Kingdom ($-151k or -7.6%), and Guatemala ($-135k or -79%). In September 2024, the increase in Knit Sweaters's year-by-year imports was explained primarily by an increase in imports from Jordan ($11.4M or 44.6%), El Salvador ($11.1M or 30.5%), and Nicaragua ($7.2M or 16%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$-1.07M(-1.5%)
IMPORT GROWTH (September 2023 - September 2024)$79.5M(5.12%)
MAIN EXPORTER (September 2024)California$25.8M
MAIN DESTINATION (September 2024)Canada$30.3M

This section shows Knit Sweaters'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 Sweaters over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$615M
IMPORTS (2022)$15.9B
NET TRADE (2022)-$15.3B

In 2022, United States exported $615M in Knit Sweaters. The main destinations of United States exports on Knit Sweaters were Canada ($249M), Mexico ($132M), Nicaragua ($44.3M), Japan ($21M), and United Kingdom ($18.5M).

In 2022, United States imported $15.9B in Knit Sweaters, mainly from China ($3.49B), Vietnam ($2.87B), Honduras ($1.24B), Indonesia ($1.03B), and Cambodia ($984M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Sweaters EXPORT MARKETS FOR United States WERE (2021 - 2022):
Canada$46.3M (22.8%)
Nicaragua$40.3M (1k%)
Mexico$36.8M (38.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Sweaters BY United States WERE (2021 - 2022):
Burkina Faso-$4.88M (-98.8%)
Ethiopia-$4.4M (-99.8%)
Italy-$2.8M (-20.6%)
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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 Sweaters were:
China $20.4B
Bangladesh $8.02B
Vietnam $4.83B
In 2022, United States's main importing competitors in Knit Sweaters were:
Germany $7.28B
Japan $4.37B

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Trade Value of Knit Sweaters by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCanada+ $34.2M
TOP IMPORT POTENTIALBangladesh+ $601M

Knit Sweaters’s highest export potential is Canada. With an export gap of $34.2M.   Knit Sweaters’s highest import potential is Bangladesh with an import gap of $601M.

See methodology.

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