Knit Men's Suits in Canada | The Observatory of Economic Complexity

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Exports In 2022, Canada exported $26.7M in Knit Men's Suits, making it the 47th largest exporter of Knit Men's Suits in the world. At the same year, Knit Men's Suits was the 628th most exported product in Canada. The main destination of Knit Men's Suits exports from Canada are: United States ($19M), Netherlands ($3.76M), South Korea ($619k), Japan ($607k), and Italy ($412k).

The fastest growing export markets for Knit Men's Suits of Canada between 2021 and 2022 were South Korea ($508k), Macau ($229k), and Italy ($217k).

Imports In 2022, Canada imported $465M in Knit Men's Suits, becoming the 9th largest importer of Knit Men's Suits in the world. At the same year, Knit Men's Suits was the 237th most imported product in Canada. Canada imports Knit Men's Suits primarily from: Bangladesh ($95.4M), China ($87.8M), Cambodia ($60M), Vietnam ($55.1M), and United States ($26.7M).

The fastest growing import markets in Knit Men's Suits for Canada between 2021 and 2022 were Bangladesh ($13.1M), Cambodia ($12.3M), and Philippines ($11.9M).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Knit Men's Suits from Canada to the United States.

Latest Trends

January 2024

About

Overview In January 2024 Canada's Knit Men's Suits exports accounted up to C$2.42M and imports accounted up to C$28.1M, resulting in a negative trade balance of C$25.7M. Between January 2023 and January 2024 the exports of Canada's Knit Men's Suits have increased by C$1.54M (176%) from C$876k to C$2.42M, while imports decreased by C$-13.7M (-32.8%) from C$41.8M to C$28.1M.

Destinations In January 2024, Knit Men's Suits were exported mostly to Poland (C$1.56M), Netherlands (C$419k), United States (C$325k), Hong Kong (C$64k), and Japan (C$23.3k), and were imported mostly from Bangladesh (C$4.4M), China (C$4.35M), Vietnam (C$3.86M), Cambodia (C$3.66M), and Indonesia (C$1.98M).

Growth In January 2024, the increase in Knit Men's Suits's year-by-year exports was explained primarily by an increase in exports to Japan (C$44.7k or 79.5%), United Kingdom (C$22.2k or 1.77k%), and United Arab Emirates (C$11.6k or 149%). In January 2024, the decrease in Knit Men's Suits's year-by-year imports was explained primarily by a decrease in imports from Bangladesh (C$-2.67M or -20.7%), China (C$-1.16M or -15.4%), and Thailand (C$-862k or -68.5%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)C$1.54M(176%)

IMPORT GROWTH (January 2023 - January 2024)C$-13.7M(-32.8%)

MAIN EXPORTER (January 2024)QuebecC$1.68M

MAIN DESTINATION (January 2024)PolandC$1.56M

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

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$26.7M

IMPORTS (2022)$465M

NET TRADE (2022)-$438M

In 2022, Canada exported $26.7M in Knit Men's Suits. The main destinations of Canada exports on Knit Men's Suits were United States ($19M), Netherlands ($3.76M), South Korea ($619k), Japan ($607k), and Italy ($412k).

In 2022, Canada imported $465M in Knit Men's Suits, mainly from Bangladesh ($95.4M), China ($87.8M), Cambodia ($60M), Vietnam ($55.1M), and United States ($26.7M).

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