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620311 (Harmonized System 1992 for 6-digit)

2023
World Trade $1.37BRnk 1780 / 4644
2023
Top Exporter | Top Importer $330M | $330MChina | United States
2023
Product Complexity -0.96Rnk 3773 / 4656
2022 - 2023
Export Growth (CAGR) 18.4%Rnk 326 / 4644
2023
Share of World Trade 0.006%Rnk 1780 / 4644

About

Overview This page contains the latest trade data of Mens, boys suits, of wool or hair, not knit. In 2023, Mens, boys suits, of wool or hair, not knit were the world's 1780th most traded product, with a total trade of $1.37B. Between 2022 and 2023 the exports of Mens, boys suits, of wool or hair, not knit grew by 18.4%, from $1.15B to $1.37B. Trade in Mens, boys suits, of wool or hair, not knit represent 0.006% of total world trade.

Mens, boys suits, of wool or hair, not knit are a part of Non-Knit Men's Suits.

Exports In 2023 the top exporters of Mens, boys suits, of wool or hair, not knit  were China ($330M), Italy ($310M), Turkey ($127M), Germany ($75.5M), and Bulgaria ($61.1M).

Imports In 2023 the top importers of Mens, boys suits, of wool or hair, not knit were United States ($330M), Japan ($205M), Germany ($113M), Italy ($89.1M), and France ($69.7M).

Ranking Mens, boys suits, of wool or hair, not knit ranks 3773rd in the Product Complexity Index (PCI).

Description Mens suits are usually made of wool or hair (not knit) and are often worn to work. Boys suits are usually made of wool or hair (not knit) and are often worn to weddings or other formal occasions.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Mens, boys suits, of wool or hair, not knit. 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 (2023)China$330M
Top Destination (2023)United States$330M

In 2023 Mens, boys suits, of wool or hair, not knit were the world's 1780th most traded product (out of 4,644).

In 2023, the top exporters of Mens, boys suits, of wool or hair, not knit were China ($330M), Italy ($310M), Turkey ($127M), Germany ($75.5M), and Bulgaria ($61.1M).

In 2023, the top importers of Mens, boys suits, of wool or hair, not knit were United States ($330M), Japan ($205M), Germany ($113M), Italy ($89.1M), and France ($69.7M).

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Exporters of Mens, boys suits, of wool or hair, not knit (2023)
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Importers of Mens, boys suits, of wool or hair, not knit (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Italy$59.6M
Top Destination Growth (2022 -  2023)Japan$41.8M

Between 2022 and 2023, the exports of Mens, boys suits, of wool or hair, not knit grew the fastest in Italy ($59.6M), Turkey ($29M), China ($23M), Germany ($22.9M), and Bulgaria ($16.7M).

Between 2022 and 2023, the fastest growing importers of Mens, boys suits, of wool or hair, not knit were Japan ($41.8M), Italy ($30.5M), Germany ($25.6M), Canada ($22.4M), and France ($13.5M).

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Exporters of Mens, boys suits, of wool or hair, not knit (2022 - 2023)

Importers of Mens, boys suits, of wool or hair, not knit (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Mens, boys suits, of wool or hair, not knit.

In 2023, market concentration measured using Shannon Entropy, was 3.88. This means that most of the exports of Mens, boys suits, of wool or hair, not knit are explained by 14 countries.

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Value of Exports in Mens, boys suits, of wool or hair, not knit

Net Trade

TOP NET EXPORTER (2023)China$301M
TOP NET IMPORTER (2023)United States$324M

This map shows which countries export or import more of Mens, boys suits, of wool or hair, not knit. Each country is colored based on the difference in exports and imports of Mens, boys suits, of wool or hair, not knit during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Mens, boys suits, of wool or hair, not knit were China ($301M), Italy ($221M), Turkey ($117M), Bulgaria ($54.4M), and Vietnam ($39.9M).

In 2023, the countries that had a largest trade value in imports than in exports of Mens, boys suits, of wool or hair, not knit were United States ($324M), Japan ($202M), France ($49.7M), United Kingdom ($39.2M), and Germany ($37.7M).

Net Trade (2023)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Mens, boys suits, of wool or hair, not knit.
It is possible to select the main countries that export or import Mens, boys suits, of wool or hair, not knit in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Mens, boys suits, of wool or hair, not knit by percentage of total exports

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 (2023)

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