2023
Exports
$511MWorld Rnk 21 / 225
Flag Rnk 89 / 1192
2023
PRODUCT COMPLEXITY IN Knit T-shirts
-1.53Rnk 948 / 1025
2023
Imports
$66.8MWorld Rnk 64 / 225
Flag Rnk 407 / 1210
2023
ECONOMIC COMPLEXITY of Indonesia
-0.085Rnk 65 / 132

About

Exports In 2023, Indonesia exported $511M in Knit T-shirts, making it the 21st largest exporter of Knit T-shirts in the world. At the same year, Knit T-shirts was the 89th most exported product in Indonesia. The main destination of Knit T-shirts exports from Indonesia are: United States ($130M), Japan ($67.6M), South Korea ($32.2M), Germany ($31.4M), and United Kingdom ($26.4M).

The fastest growing export markets for Knit T-shirts of Indonesia between 2022 and 2023 were Thailand ($1.65M), Spain ($1.37M), and India ($1.3M).

Imports In 2023, Indonesia imported $66.8M in Knit T-shirts, becoming the 64th largest importer of Knit T-shirts in the world. At the same year, Knit T-shirts was the 407th most imported product in Indonesia. Indonesia imports Knit T-shirts primarily from: China ($21.7M), Bangladesh ($12.4M), Vietnam ($10.9M), Turkey ($3.28M), and India ($2.83M).

The fastest growing import markets in Knit T-shirts for Indonesia between 2022 and 2023 were Italy ($309k), Pakistan ($269k), and Thailand ($222k).

COMPANIES In 2024, leading companies such as Adidas (7), QVC Inc (2), and Nike (1) were at the forefront of shipping Knit T-shirts from Indonesia to the United States.

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Knit T-shirts. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$511M
IMPORTS (2023)$66.8M
NET TRADE (2023)$444M

In 2023, Indonesia exported $511M in Knit T-shirts. The main destinations of Indonesia exports on Knit T-shirts were United States ($130M), Japan ($67.6M), South Korea ($32.2M), Germany ($31.4M), and United Kingdom ($26.4M).

In 2023, Indonesia imported $66.8M in Knit T-shirts, mainly from China ($21.7M), Bangladesh ($12.4M), Vietnam ($10.9M), Turkey ($3.28M), and India ($2.83M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Knit T-shirts EXPORT MARKETS FOR Indonesia WERE (2022 - 2023):
Thailand$1.65M (45%)
Spain$1.37M (9.6%)
India$1.3M (90.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit T-shirts BY Indonesia WERE (2022 - 2023):
United States-$39.8M (-23.5%)
South Korea-$24.7M (-43.4%)
Germany-$14.4M (-31.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Indonesia's main exporting competitors in Knit T-shirts were:
China $8.58B
Turkey $2.98B
In 2023, Indonesia's main importing competitors in Knit T-shirts were:

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Trade Value of Knit T-shirts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $67.4M
TOP IMPORT POTENTIALBangladesh+ $19.2M

Knit T-shirts’s highest export potential is United States. With an export gap of $67.4M.   Knit T-shirts’s highest import potential is Bangladesh with an import gap of $19.2M.

See methodology.

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