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2022
Exports $266MWorld Rnk 23 / 215
Flag Rnk 223 / 1216
2022
Destination $6.21M United States
2021 - 2022
FASTEST GROWING MARKET $6.21MVietnam
2022
PRODUCT COMPLEXITY IN Knit Women's Suits-1.27Rnk 900 / 1025
2022
Imports $2.14BWorld Rnk 3 / 220
Flag Rnk 63 / 1214
2022
Origin $105MN/A
2021 - 2022
FASTEST GROWING ORIGIN $105MBangladesh
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $266M in Knit Women's Suits, making it the 23rd largest exporter of Knit Women's Suits in the world. At the same year, Knit Women's Suits was the 223rd most exported product in United Kingdom. The main destination of Knit Women's Suits exports from United Kingdom are: United States ($41.8M), Netherlands ($29.1M), Spain ($23.4M), Ireland ($22.6M), and Germany ($21M).

The fastest growing export markets for Knit Women's Suits of United Kingdom between 2021 and 2022 were Vietnam ($6.21M), United Arab Emirates ($4.64M), and Bangladesh ($4.41M).

Imports In 2022, United Kingdom imported $2.14B in Knit Women's Suits, becoming the 3rd largest importer of Knit Women's Suits in the world. At the same year, Knit Women's Suits was the 63rd most imported product in United Kingdom. United Kingdom imports Knit Women's Suits primarily from: N/A.

The fastest growing import markets in Knit Women's Suits for United Kingdom between 2021 and 2022 were Bangladesh ($105M), Cambodia ($35M), and Morocco ($17.7M).

COMPANIES In 2023, leading companies such as Helly Hansen (1) were at the forefront of shipping Knit Women's Suits from United Kingdom to the United States.

Latest Trends

July 2024

About

Overview In July 2024 United Kingdom's Knit Women's Suits exports accounted up to £15.8M and imports accounted up to £98.9M, resulting in a negative trade balance of £83M. Between July 2023 and July 2024 the exports of United Kingdom's   Knit Women's Suits have decreased by £-4.98M (-23.9%) from £20.8M to £15.8M, while imports decreased by £-2.63M (-2.59%) from £101M to £98.9M.

Destinations In July 2024, Knit Women's Suits were exported mostly to United States (£3.13M), Netherlands (£2.05M), Ireland (£1.52M), Germany (£1.24M), and France (£1.22M), and were imported mostly from Bangladesh (£21.6M), China (£21.1M), Turkey (£9.63M), Cambodia (£7.01M), and India (£3.82M).

Growth In July 2024, the decrease in Knit Women's Suits's year-by-year exports was explained primarily by a decrease in exports to United States (£-2.02M or -44.1%), Israel (£-830k or -99.5%), and Germany (£-589k or -32.9%). In July 2024, the decrease in Knit Women's Suits's year-by-year imports was explained primarily by a decrease in imports from China (£-6.88M or -25.5%), Sri Lanka (£-1.82M or -41%), and Turkey (£-1.78M or -13.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)£-4.98M(-23.9%)
IMPORT GROWTH (July 2023 - July 2024)£-2.63M(-2.59%)
MAIN EXPORTER (July 2024)London Heathrow Airport£15.4M
MAIN DESTINATION (July 2024)United States£3.13M

This section shows Knit Women's Suits's exports and imports data at subnational level for United Kingdom. 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 Women's Suits over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$266M
IMPORTS (2022)$2.14B
NET TRADE (2022)-$1.87B

In 2022, United Kingdom exported $266M in Knit Women's Suits. The main destinations of United Kingdom exports on Knit Women's Suits were United States ($41.8M), Netherlands ($29.1M), Spain ($23.4M), Ireland ($22.6M), and Germany ($21M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Women's Suits EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
Vietnam$6.21M (1.63k%)
United Arab Emirates$4.64M (72.4%)
Bangladesh$4.41M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Women's Suits BY United Kingdom WERE (2021 - 2022):
Germany-$31.9M (-60.2%)
Ireland-$17.7M (-44%)
United States-$5.89M (-12.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United Kingdom's main exporting competitors in Knit Women's Suits were:
China $13.9B
Bangladesh $4.08B
Vietnam $3.48B
In 2022, United Kingdom's main importing competitors in Knit Women's Suits were:
United States $8.38B
Germany $5.04B

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Trade Value of Knit Women's Suits by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $24.4M
TOP IMPORT POTENTIALChina+ $86M

Knit Women's Suits’s highest export potential is United States. With an export gap of $24.4M.   Knit Women's Suits’s highest import potential is China with an import gap of $86M.

See methodology.

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