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2022
Exports $205MWorld Rnk 18 / 184
Flag Rnk 57 / 96
2022
Destination $9.27M Spain
2021 - 2022
FASTEST GROWING MARKET $9.27MFrance
2022
PRODUCT COMPLEXITY IN Knitted fabrics0.18Rnk 494 / 1025
2022
Imports $155MWorld Rnk 55 / 216
Flag Rnk 71 / 96
2022
Origin $5.98M Italy
2021 - 2022
FASTEST GROWING ORIGIN $5.98MChina
2022
ECONOMIC COMPLEXITY of Portugal0.57Rnk 42 / 133

About

Exports In 2022, Portugal exported $205M in Knitted fabrics, making it the 18th largest exporter of Knitted fabrics in the world. At the same year, Knitted fabrics was the 57th most exported product in Portugal. The main destination of Knitted fabrics exports from Portugal are: Spain ($31M), France ($29.1M), Morocco ($21.2M), Germany ($16.8M), and Romania ($15.1M).

The fastest growing export markets for Knitted fabrics of Portugal between 2021 and 2022 were France ($9.27M), Romania ($6.37M), and Poland ($5.02M).

Imports In 2022, Portugal imported $155M in Knitted fabrics, becoming the 55th largest importer of Knitted fabrics in the world. At the same year, Knitted fabrics was the 71st most imported product in Portugal. Portugal imports Knitted fabrics primarily from: Italy ($41.9M), Spain ($32.2M), China ($20.5M), Turkey ($8.97M), and Austria ($8.26M).

The fastest growing import markets in Knitted fabrics for Portugal between 2021 and 2022 were China ($5.98M), Turkey ($4.27M), and Czechia ($2.12M).

COMPANIES In 2023, leading companies such as Jo-Ann Stores (1) were at the forefront of shipping Knitted fabrics from Portugal to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Portugal's Knitted fabrics exports accounted up to €16.1M and imports accounted up to €10.9M, resulting in a positive trade balance of €5.17M. Between June 2023 and June 2024 the exports of Portugal's   Knitted fabrics have increased by €821k (5.38%) from €15.2M to €16.1M, while imports decreased by €-3.18M (-22.6%) from €14.1M to €10.9M.

Destinations In June 2024, Knitted fabrics were exported mostly to Spain (€4.87M), France (€2.34M), Germany (€1.42M), Romania (€1.3M), and United States (€928k), and were imported mostly from Italy (€4.15M), Spain (€1.77M), Austria (€1.12M), China (€877k), and Turkey (€596k).

Growth In June 2024, the increase in Knitted fabrics's year-by-year exports was explained primarily by an increase in exports to United States (€2.28M or 200%), Romania (€392k or 35.3%), and Canada (€249k or 42.7%). In June 2024, the decrease in Knitted fabrics's year-by-year imports was explained primarily by a decrease in imports from Italy (€-715k or -22%), Germany (€-316k or -26.3%), and Czechia (€-260k or -100%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)€821k(5.38%)
IMPORT GROWTH (June 2023 - June 2024)€-3.18M(-22.6%)
MAIN DESTINATION (June 2024)Spain€4.87M

This section shows Knitted fabrics's exports and imports data at subnational level for Portugal. 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 Knitted fabrics over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$205M
IMPORTS (2022)$155M
NET TRADE (2022)$50.1M

In 2022, Portugal exported $205M in Knitted fabrics. The main destinations of Portugal exports on Knitted fabrics were Spain ($31M), France ($29.1M), Morocco ($21.2M), Germany ($16.8M), and Romania ($15.1M).

In 2022, Portugal imported $155M in Knitted fabrics, mainly from Italy ($41.9M), Spain ($32.2M), China ($20.5M), Turkey ($8.97M), and Austria ($8.26M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knitted fabrics EXPORT MARKETS FOR Portugal WERE (2021 - 2022):
France$9.27M (46.8%)
Romania$6.37M (73.1%)
Poland$5.02M (162%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knitted fabrics BY Portugal WERE (2021 - 2022):
United States-$6.5M (-31.3%)
Spain-$4.7M (-13.2%)
Morocco-$2.7M (-11.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Portugal's main exporting competitors in Knitted fabrics were:
China $21.7B
Chinese Taipei $2.55B
South Korea $2.28B
In 2022, Portugal's main importing competitors in Knitted fabrics were:
Vietnam $7.08B
Cambodia $2.67B
Bangladesh $2.28B

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Trade Value of Knitted fabrics by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $3.63M
TOP IMPORT POTENTIALChina+ $13.1M

Knitted fabrics’s highest export potential is Germany. With an export gap of $3.63M.   Knitted fabrics’s highest import potential is China with an import gap of $13.1M.

See methodology.

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