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

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Exports In 2022, United States exported $112M in Knit Men's Suits, making it the 28th largest exporter of Knit Men's Suits in the world. At the same year, Knit Men's Suits was the 720th most exported product in United States. The main destination of Knit Men's Suits exports from United States are: Mexico ($38.1M), Canada ($26.7M), United Kingdom ($5.13M), China ($3.73M), and Japan ($3.15M).

The fastest growing export markets for Knit Men's Suits of United States between 2021 and 2022 were Mexico ($16.3M), United Kingdom ($3.13M), and South Korea ($1.62M).

Imports In 2022, United States imported $3.65B in Knit Men's Suits, becoming the 1st largest importer of Knit Men's Suits in the world. At the same year, Knit Men's Suits was the 155th most imported product in United States. United States imports Knit Men's Suits primarily from: Vietnam ($794M), China ($488M), Cambodia ($329M), Bangladesh ($311M), and Jordan ($196M).

The fastest growing import markets in Knit Men's Suits for United States between 2021 and 2022 were Cambodia ($98M), Mexico ($58.6M), and Vietnam ($41.1M).

COMPANIES In 2023, leading companies such as ADIDAS INTERNATIONAL TRADING AG (44.7k), WAL-MART INC. (16.1k), and OLD NAVY (CANADA) INC (5.68k) were at the forefront of shipping Knit Men's Suits to the United States.

Latest Trends

January 2024

About

Overview In January 2024 United States' Knit Men's Suits exports accounted up to $9.1M and imports accounted up to $137M, resulting in a negative trade balance of $128M. Between January 2023 and January 2024 the exports of United States' Knit Men's Suits have decreased by $-1.99M (-18%) from $11.1M to $9.1M, while imports decreased by $-60.4M (-30.5%) from $198M to $137M.

Destinations In January 2024, Knit Men's Suits were exported mostly to Mexico ($3.48M), Canada ($3.08M), Bangladesh ($411k), Germany ($362k), and Nicaragua ($295k), and were imported mostly from Vietnam ($30.4M), China ($17.7M), Bangladesh ($15.3M), Cambodia ($11.2M), and Jordan ($8.56M).

Growth In January 2024, the decrease in Knit Men's Suits's year-by-year exports was explained primarily by a decrease in exports to Chile ($-383k or -89.5%), Guatemala ($-158k or -69.5%), and Belgium ($-133k or -85.7%). In January 2024, the decrease in Knit Men's Suits's year-by-year imports was explained primarily by a decrease in imports from China ($-18.6M or -44.7%), Vietnam ($-13.1M or -25%), and Cambodia ($-12.7M or -50.6%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)$-1.99M(-18%)

IMPORT GROWTH (January 2023 - January 2024)$-60.4M(-30.5%)

MAIN EXPORTER (January 2024)California$4M

MAIN DESTINATION (January 2024)Mexico$3.48M

This section shows Knit Men's Suits's exports and imports data at subnational level for United States. 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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