Knit Sweaters in Canada | The Observatory of Economic Complexity

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Exports In 2022, Canada exported $184M in Knit Sweaters, making it the 42nd largest exporter of Knit Sweaters in the world. At the same year, Knit Sweaters was the 300th most exported product in Canada. The main destination of Knit Sweaters exports from Canada are: United States ($142M), Netherlands ($10.2M), United Kingdom ($5.64M), Japan ($5.29M), and China ($5.12M).

The fastest growing export markets for Knit Sweaters of Canada between 2021 and 2022 were Netherlands ($3.23M), China ($2.11M), and United Kingdom ($2.04M).

Imports In 2022, Canada imported $2.02B in Knit Sweaters, becoming the 10th largest importer of Knit Sweaters in the world. At the same year, Knit Sweaters was the 54th most imported product in Canada. Canada imports Knit Sweaters primarily from: China ($531M), Cambodia ($297M), Bangladesh ($250M), United States ($249M), and Vietnam ($202M).

The fastest growing import markets in Knit Sweaters for Canada between 2021 and 2022 were China ($109M), Cambodia ($67.2M), and Vietnam ($51.7M).

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

Latest Trends

January 2024

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Overview In January 2024 Canada's Knit Sweaters exports accounted up to C$8.72M and imports accounted up to C$140M, resulting in a negative trade balance of C$132M. Between January 2023 and January 2024 the exports of Canada's Knit Sweaters have increased by C$403k (4.84%) from C$8.32M to C$8.72M, while imports decreased by C$-18.2M (-11.5%) from C$159M to C$140M.

Destinations In January 2024, Knit Sweaters were exported mostly to United States (C$5.36M), Netherlands (C$931k), Poland (C$651k), United Kingdom (C$479k), and China (C$471k), and were imported mostly from China (C$39.5M), Vietnam (C$19.3M), Cambodia (C$16.7M), Bangladesh (C$13.4M), and Italy (C$6.92M).

Growth In January 2024, the increase in Knit Sweaters's year-by-year exports was explained primarily by an increase in exports to United States (C$1.75M or 43.7%), United Kingdom (C$357k or 45.1%), and Japan (C$222k or 80.6%). In January 2024, the decrease in Knit Sweaters's year-by-year imports was explained primarily by a decrease in imports from Bangladesh (C$-4.86M or -22.4%), Philippines (C$-2.18M or -78.3%), and China (C$-1.78M or -3.87%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)C$403k(4.84%)

IMPORT GROWTH (January 2023 - January 2024)C$-18.2M(-11.5%)

MAIN EXPORTER (January 2024)OntarioC$5.4M

MAIN DESTINATION (January 2024)United StatesC$5.36M

This section shows Knit Sweaters'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 Sweaters over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$184M

IMPORTS (2022)$2.02B

NET TRADE (2022)-$1.84B

In 2022, Canada exported $184M in Knit Sweaters. The main destinations of Canada exports on Knit Sweaters were United States ($142M), Netherlands ($10.2M), United Kingdom ($5.64M), Japan ($5.29M), and China ($5.12M).

In 2022, Canada imported $2.02B in Knit Sweaters, mainly from China ($531M), Cambodia ($297M), Bangladesh ($250M), United States ($249M), and Vietnam ($202M).

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