2022
Exports
$607MWorld Rnk 3 / 210
Flag Rnk 104 / 1176
2022
PRODUCT COMPLEXITY IN Other Knit Garments
-1.33Rnk 917 / 1025
2022
Imports
$27.1MWorld Rnk 44 / 217
Flag Rnk 678 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $607M in Other Knit Garments, making it the 3rd largest exporter of Other Knit Garments in the world. At the same year, Other Knit Garments was the 104th most exported product in Vietnam. The main destination of Other Knit Garments exports from Vietnam are: United States ($314M), South Korea ($103M), Canada ($34.1M), Japan ($20.5M), and Germany ($17M).

The fastest growing export markets for Other Knit Garments of Vietnam between 2021 and 2022 were United States ($34.6M), Canada ($18.9M), and Japan ($7.01M).

Imports In 2022, Vietnam imported $27.1M in Other Knit Garments, becoming the 44th largest importer of Other Knit Garments in the world. At the same year, Other Knit Garments was the 678th most imported product in Vietnam. Vietnam imports Other Knit Garments primarily from: China ($13M), United Kingdom ($3.43M), Malaysia ($2.74M), Spain ($2.7M), and Japan ($2.15M).

The fastest growing import markets in Other Knit Garments for Vietnam between 2021 and 2022 were China ($8.85M), Japan ($2.12M), and United Kingdom ($1.69M).

COMPANIES In 2023, leading companies such as Old Navy (158), Gap (47), and American Eagle Outfitters (41) were at the forefront of shipping Other Knit Garments 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 Other Knit Garments. 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)$607M
IMPORTS (2022)$27.1M
NET TRADE (2022)$579M

In 2022, Vietnam exported $607M in Other Knit Garments. The main destinations of Vietnam exports on Other Knit Garments were United States ($314M), South Korea ($103M), Canada ($34.1M), Japan ($20.5M), and Germany ($17M).

In 2022, Vietnam imported $27.1M in Other Knit Garments, mainly from China ($13M), United Kingdom ($3.43M), Malaysia ($2.74M), Spain ($2.7M), and Japan ($2.15M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Knit Garments EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
United States$34.6M (12.4%)
Canada$18.9M (125%)
Japan$7.01M (52%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Knit Garments BY Vietnam WERE (2021 - 2022):
Saudi Arabia-$6.39M (-99.9%)
Singapore-$4.07M (-75.5%)
Jordan-$2.66M (-28.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Other Knit Garments were:
In 2022, Vietnam's main importing competitors in Other Knit Garments were:

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Trade Value of Other Knit Garments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $22.1M
TOP IMPORT POTENTIALChina+ $6.95M

Other Knit Garments’s highest export potential is China. With an export gap of $22.1M.   Other Knit Garments’s highest import potential is China with an import gap of $6.95M.

See methodology.

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