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2022
Exports $64.5MWorld Rnk 24 / 210
Flag Rnk 479 / 1216
2022
Destination $2.05M United States
2021 - 2022
FASTEST GROWING MARKET $2.05MUnited Arab Emirates
2022
PRODUCT COMPLEXITY IN Other Knit Garments-1.33Rnk 917 / 1025
2022
Imports $438MWorld Rnk 4 / 217
Flag Rnk 285 / 1214
2022
Origin $30.7M China
2021 - 2022
FASTEST GROWING ORIGIN $30.7MChina
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $64.5M in Other Knit Garments, making it the 24th largest exporter of Other Knit Garments in the world. At the same year, Other Knit Garments was the 479th most exported product in United Kingdom. The main destination of Other Knit Garments exports from United Kingdom are: United States ($7.8M), Netherlands ($5.74M), Germany ($5.34M), Hong Kong ($4.79M), and Italy ($4.06M).

The fastest growing export markets for Other Knit Garments of United Kingdom between 2021 and 2022 were United Arab Emirates ($2.05M), Vietnam ($1.69M), and Hong Kong ($936k).

Imports In 2022, United Kingdom imported $438M in Other Knit Garments, becoming the 4th largest importer of Other Knit Garments in the world. At the same year, Other Knit Garments was the 285th most imported product in United Kingdom. United Kingdom imports Other Knit Garments primarily from: China ($158M), Bangladesh ($47.3M), India ($38.5M), Turkey ($34M), and Jordan ($14.9M).

The fastest growing import markets in Other Knit Garments for United Kingdom between 2021 and 2022 were China ($30.7M), Bangladesh ($19.3M), and Madagascar ($4.69M).

Latest Trends

June 2024

About

Overview In June 2024 United Kingdom's Other Knit Garments exports accounted up to £5.02M and imports accounted up to £17.6M, resulting in a negative trade balance of £12.6M. Between June 2023 and June 2024 the exports of United Kingdom's   Other Knit Garments have increased by £79.3k (1.61%) from £4.94M to £5.02M, while imports decreased by £-5.91M (-25.1%) from £23.5M to £17.6M.

Destinations In June 2024, Other Knit Garments were exported mostly to United States (£1.58M), Japan (£579k), South Korea (£485k), Netherlands (£362k), and Germany (£324k), and were imported mostly from China (£5.32M), Turkey (£2.9M), Spain (£2.51M), Bangladesh (£1.36M), and India (£778k).

Growth In June 2024, the increase in Other Knit Garments's year-by-year exports was explained primarily by an increase in exports to Australia (£960k or 1.91k%), France (£767k or 319%), and Vietnam (£169k or 99.2%). In June 2024, the decrease in Other Knit Garments's year-by-year imports was explained primarily by a decrease in imports from Romania (£-231k or -91.3%), France (£-192k or -42.9%), and Poland (£-94.8k or -76.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)£79.3k(1.61%)
IMPORT GROWTH (June 2023 - June 2024)£-5.91M(-25.1%)
MAIN EXPORTER (June 2024)London Heathrow Airport£2.22M
MAIN DESTINATION (June 2024)United States£1.58M

This section shows Other Knit Garments'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 Other Knit Garments over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$64.5M
IMPORTS (2022)$438M
NET TRADE (2022)-$374M

In 2022, United Kingdom exported $64.5M in Other Knit Garments. The main destinations of United Kingdom exports on Other Knit Garments were United States ($7.8M), Netherlands ($5.74M), Germany ($5.34M), Hong Kong ($4.79M), and Italy ($4.06M).

In 2022, United Kingdom imported $438M in Other Knit Garments, mainly from China ($158M), Bangladesh ($47.3M), India ($38.5M), Turkey ($34M), and Jordan ($14.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Knit Garments EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
United Arab Emirates$2.05M (172%)
Vietnam$1.69M (97%)
Hong Kong$936k (24.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Knit Garments BY United Kingdom WERE (2021 - 2022):
Ireland-$4.41M (-60.9%)
Germany-$3.61M (-40.4%)
United States-$3.38M (-30.2%)
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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 Other Knit Garments were:
China $3.22B
Bangladesh $791M
Vietnam $607M
In 2022, United Kingdom's main importing competitors in Other Knit Garments were:
United States $2.12B
Germany $894M
Spain $498M

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Trade Value of Other Knit Garments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $5.16M
TOP IMPORT POTENTIALBangladesh+ $15M

Other Knit Garments’s highest export potential is United States. With an export gap of $5.16M.   Other Knit Garments’s highest import potential is Bangladesh with an import gap of $15M.

See methodology.

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