2022
Exports
$2.71BWorld Rnk 6 / 226
Flag Rnk 29 / 1176
2022
PRODUCT COMPLEXITY IN Knit T-shirts
-1.34Rnk 921 / 1025
2022
Imports
$153MWorld Rnk 52 / 223
Flag Rnk 331 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $2.71B in Knit T-shirts, making it the 6th largest exporter of Knit T-shirts in the world. At the same year, Knit T-shirts was the 29th most exported product in Vietnam. The main destination of Knit T-shirts exports from Vietnam are: United States ($935M), Japan ($443M), South Korea ($269M), China ($106M), and Netherlands ($95.8M).

The fastest growing export markets for Knit T-shirts of Vietnam between 2021 and 2022 were Japan ($50.9M), Canada ($27.5M), and Germany ($25.6M).

Imports In 2022, Vietnam imported $153M in Knit T-shirts, becoming the 52nd largest importer of Knit T-shirts in the world. At the same year, Knit T-shirts was the 331st most imported product in Vietnam. Vietnam imports Knit T-shirts primarily from: China ($112M), Singapore ($8.25M), Bangladesh ($5.51M), Italy ($4.34M), and South Korea ($4.09M).

The fastest growing import markets in Knit T-shirts for Vietnam between 2021 and 2022 were China ($42.8M), United Arab Emirates ($2.22M), and South Korea ($2.17M).

COMPANIES In 2023, leading companies such as Old Navy (156), Gap (62), and Nike (58) were at the forefront of shipping Knit T-shirts from Vietnam to the United States.

Latest Trends

Jul 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 (2022)$2.71B
IMPORTS (2022)$153M
NET TRADE (2022)$2.55B

In 2022, Vietnam exported $2.71B in Knit T-shirts. The main destinations of Vietnam exports on Knit T-shirts were United States ($935M), Japan ($443M), South Korea ($269M), China ($106M), and Netherlands ($95.8M).

In 2022, Vietnam imported $153M in Knit T-shirts, mainly from China ($112M), Singapore ($8.25M), Bangladesh ($5.51M), Italy ($4.34M), and South Korea ($4.09M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit T-shirts EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
Japan$50.9M (13%)
Canada$27.5M (52.9%)
Germany$25.6M (38.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit T-shirts BY Vietnam WERE (2021 - 2022):
United States-$71.1M (-7.06%)
China-$21.4M (-16.7%)
Russia-$12.3M (-27.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Knit T-shirts were:
In 2022, Vietnam'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 POTENTIALChina+ $87.5M
TOP IMPORT POTENTIALChina+ $44.3M

Knit T-shirts’s highest export potential is China. With an export gap of $87.5M.   Knit T-shirts’s highest import potential is China with an import gap of $44.3M.

See methodology.

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