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2023
Exports $8.81BWorld Rnk 1 / 221
Flag Rnk 74 / 1215
2023
Destination $166M United States
2022 - 2023
FASTEST GROWING MARKET $166MUnited States
2023
PRODUCT COMPLEXITY IN Non-Knit Men's Suits-1.21Rnk 878 / 1025
2023
Imports $605MWorld Rnk 16 / 225
Flag Rnk 305 / 1214
2023
Origin $21.7M Italy
2022 - 2023
FASTEST GROWING ORIGIN $21.7MItaly
2023
ECONOMIC COMPLEXITY of China1.16Rnk 21 / 132

About

Exports In 2023, China exported $8.81B in Non-Knit Men's Suits, making it the 1st largest exporter of Non-Knit Men's Suits in the world. At the same year, Non-Knit Men's Suits was the 74th most exported product in China. The main destination of Non-Knit Men's Suits exports from China are: United States ($1.41B), Japan ($743M), Australia ($418M), Germany ($363M), and South Korea ($348M).

The fastest growing export markets for Non-Knit Men's Suits of China between 2022 and 2023 were United States ($166M), Kazakhstan ($156M), and South Korea ($156M).

Imports In 2023, China imported $605M in Non-Knit Men's Suits, becoming the 16th largest importer of Non-Knit Men's Suits in the world. At the same year, Non-Knit Men's Suits was the 305th most imported product in China. China imports Non-Knit Men's Suits primarily from: Italy ($139M), Vietnam ($128M), Bangladesh ($57.5M), France ($42.5M), and Indonesia ($26.5M).

The fastest growing import markets in Non-Knit Men's Suits for China between 2022 and 2023 were Italy ($21.7M), Switzerland ($6.17M), and Indonesia ($4.64M).

COMPANIES In 2024, leading companies such as CrimsonLogic (113), Giorgio Armani (37), and Volvo (16) were at the forefront of shipping Non-Knit Men's Suits from China to the United States.

Latest Trends

December 2024

About

Overview In December 2024 China's Non-Knit Men's Suits exports accounted up to $1.1B and imports accounted up to $70.4M, resulting in a positive trade balance of $1.03B. Between December 2023 and December 2024 the exports of China's   Non-Knit Men's Suits have increased by $97.1M (9.64%) from $1.01B to $1.1B, while imports increased by $3.88M (5.83%) from $66.5M to $70.4M.

Destinations In December 2024, Non-Knit Men's Suits were exported mostly to United States ($210M), Japan ($60.1M), Malaysia ($58.6M), Kyrgyzstan ($39.5M), and Singapore ($31.7M), and were imported mostly from Italy ($22.1M), Vietnam ($14.4M), Bangladesh ($6.33M), Indonesia ($6.18M), and China ($2.52M).

Growth In December 2024, the increase in Non-Knit Men's Suits's year-by-year exports was explained primarily by an increase in exports to Chinese Taipei ($9.41M or 199%), United Arab Emirates ($8.29M or 53.8%), and Kazakhstan ($8.2M or 12.9%). In December 2024, the increase in Non-Knit Men's Suits's year-by-year imports was explained primarily by an increase in imports from Vietnam ($10.6M or 98.4%), Italy ($8.05M or 44.6%), and Bangladesh ($4.35M or 87.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$97.1M(9.64%)
IMPORT GROWTH (December 2023 - December 2024)$3.88M(5.83%)
MAIN EXPORTER (December 2024)Zhejiang Province$182M
MAIN DESTINATION (December 2024)United States$210M

This section shows Non-Knit Men's Suits's exports and imports data at subnational level for China. 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 Non-Knit Men's Suits over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$8.81B
IMPORTS (2023)$605M
NET TRADE (2023)$8.21B

In 2023, China exported $8.81B in Non-Knit Men's Suits. The main destinations of China exports on Non-Knit Men's Suits were United States ($1.41B), Japan ($743M), Australia ($418M), Germany ($363M), and South Korea ($348M).

In 2023, China imported $605M in Non-Knit Men's Suits, mainly from Italy ($139M), Vietnam ($128M), Bangladesh ($57.5M), France ($42.5M), and Indonesia ($26.5M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Non-Knit Men's Suits EXPORT MARKETS FOR China WERE (2022 - 2023):
United States$166M (13.3%)
Kazakhstan$156M (203%)
South Korea$156M (80.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Non-Knit Men's Suits BY China WERE (2022 - 2023):
Hong Kong-$183M (-47.6%)
Germany-$101M (-21.7%)
Malaysia-$87M (-36.3%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, China's main exporting competitors in Non-Knit Men's Suits were:
Bangladesh $7.68B
Vietnam $2.85B
In 2023, China's main importing competitors in Non-Knit Men's Suits were:
United States $8.76B
Germany $4.92B
France $2.4B

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Trade Value of Non-Knit Men's Suits by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $332M
TOP IMPORT POTENTIALVietnam+ $95.2M

Non-Knit Men's Suits’s highest export potential is United States. With an export gap of $332M.   Non-Knit Men's Suits’s highest import potential is Vietnam with an import gap of $95.2M.

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