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Fabrics; knitted or crocheted

60 (Harmonized System 1992 for 2-digit)

2022
World Trade $40.9BRnk 65 / 96
2022
Top Exporter | Top Importer $21.7B | $7.08BChina | Vietnam
2022
Product Complexity 0.68Rnk 27 / 96
2021 - 2022
Export Growth (CAGR) 2.18%Rnk 63 / 96
2022
Share of World Trade 0.17%Rnk 65 / 96

About

Overview This page contains the latest trade data of Knitted fabrics. In 2022, Knitted fabrics were the world's 65th most traded product, with a total trade of $40.9B. Between 2021 and 2022 the exports of Knitted fabrics grew by 2.18%, from $40.1B to $40.9B. Trade in Knitted fabrics represent 0.17% of total world trade.

Knitted fabrics are a part of Textiles. They include Light Rubberized Knitted Fabric and Pile Fabric.

Exports In 2022 the top exporters of Knitted fabrics  were China ($21.7B), Chinese Taipei ($2.55B), South Korea ($2.28B), Turkey ($2.08B), and Vietnam ($1.33B).

Imports In 2022 the top importers of Knitted fabrics were Vietnam ($7.08B), Cambodia ($2.67B), Bangladesh ($2.28B), Indonesia ($2.04B), and United States ($1.36B).

Ranking Knitted fabrics ranks 27th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Knitted fabrics. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2022)China$21.7B
Top Destination (2022)Vietnam$7.08B

In 2022 Knitted fabrics were the world's 65th most traded product (out of 96).

In 2022, the top exporters of Knitted fabrics were China ($21.7B), Chinese Taipei ($2.55B), South Korea ($2.28B), Turkey ($2.08B), and Vietnam ($1.33B).

In 2022, the top importers of Knitted fabrics were Vietnam ($7.08B), Cambodia ($2.67B), Bangladesh ($2.28B), Indonesia ($2.04B), and United States ($1.36B).

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Exporters of Knitted fabrics (2022)
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Importers of Knitted fabrics (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$1.03B
Top Destination Growth (2021 -  2022)Kyrgyzstan$294M

Between 2021 and 2022, the exports of Knitted fabrics grew the fastest in China ($1.03B), Italy ($93.1M), United States ($83.5M), Poland ($66.4M), and Uzbekistan ($65.1M).

Between 2021 and 2022, the fastest growing importers of Knitted fabrics were Kyrgyzstan ($294M), Vietnam ($290M), Burma ($275M), Mexico ($156M), and India ($147M).

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Exporters of Knitted fabrics (2021 - 2022)

Importers of Knitted fabrics (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Knitted fabrics.

In 2022, market concentration measured using Shannon Entropy, was 3.23. This means that most of the exports of Knitted fabrics are explained by 9 countries.

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Value of Exports in Knitted fabrics

Net Trade

TOP NET EXPORTER (2022)China$20.9B
TOP NET IMPORTER (2022)Vietnam$5.75B

This map shows which countries export or import more of Knitted fabrics. Each country is colored based on the difference in exports and imports of Knitted fabrics during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Knitted fabrics were China ($20.9B), Chinese Taipei ($2.49B), South Korea ($2.07B), Turkey ($1.57B), and Italy ($444M).

In 2022, the countries that had a largest trade value in imports than in exports of Knitted fabrics were Vietnam ($5.75B), Cambodia ($2.59B), Bangladesh ($2.24B), Indonesia ($1.9B), and Burma ($987M).

Net Trade (2022)

Disaggregation

Value
Disaggregation

In 2022, the world most traded Knitted fabrics, disaggragated by their HS6 level were Light Rubberized Knitted Fabric ($35.1B) and Pile Fabric ($5.86B)

HS6 Disaggregation for Knitted fabrics (2022)
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Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Knitted fabrics.
It is possible to select the main countries that export or import Knitted fabrics in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Knitted fabrics by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALIndia+ $315M
TOP IMPORT POTENTIALVietnam+ $67.4M

Knitted fabrics’s highest export potential is India. With an export gap of $315M.  Knitted fabrics’s highest import potential is Vietnam with an import gap of $67.4M.

See methodology.

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Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2022)

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