2022
Exports
$307MWorld Rnk 11 / 207
Flag Rnk 529 / 1216
2022
PRODUCT COMPLEXITY IN Knit Men's Suits
-1.32Rnk 915 / 1025
2022
Imports
$921MWorld Rnk 2 / 221
Flag Rnk 276 / 1215
2022
ECONOMIC COMPLEXITY of Germany
1.78Rnk 5 / 133

About

Exports In 2022, Germany exported $307M in Knit Men's Suits, making it the 11th largest exporter of Knit Men's Suits in the world. At the same year, Knit Men's Suits was the 529th most exported product in Germany. The main destination of Knit Men's Suits exports from Germany are: Austria ($38.9M), Poland ($35.8M), France ($29.5M), Netherlands ($26.9M), and Switzerland ($20M).

The fastest growing export markets for Knit Men's Suits of Germany between 2021 and 2022 were Austria ($16.6M), Switzerland ($6.35M), and Belgium ($5.28M).

Imports In 2022, Germany imported $921M in Knit Men's Suits, becoming the 2nd largest importer of Knit Men's Suits in the world. At the same year, Knit Men's Suits was the 276th most imported product in Germany. Germany imports Knit Men's Suits primarily from: China ($142M), Turkey ($104M), Bangladesh ($88.7M), Belgium ($65.6M), and Netherlands ($51.4M).

The fastest growing import markets in Knit Men's Suits for Germany between 2021 and 2022 were Belgium ($58.1M), China ($22.1M), and Bangladesh ($21.9M).

COMPANIES In 2023, leading companies such as Volkswagen (5) were at the forefront of shipping Knit Men's Suits from Germany to the United States.

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Knit Men's Suits. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$307M
IMPORTS (2022)$921M
NET TRADE (2022)-$614M

In 2022, Germany exported $307M in Knit Men's Suits. The main destinations of Germany exports on Knit Men's Suits were Austria ($38.9M), Poland ($35.8M), France ($29.5M), Netherlands ($26.9M), and Switzerland ($20M).

In 2022, Germany imported $921M in Knit Men's Suits, mainly from China ($142M), Turkey ($104M), Bangladesh ($88.7M), Belgium ($65.6M), and Netherlands ($51.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Men's Suits EXPORT MARKETS FOR Germany WERE (2021 - 2022):
Austria$16.6M (74.2%)
Switzerland$6.35M (46.5%)
Belgium$5.28M (37.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Men's Suits BY Germany WERE (2021 - 2022):
France-$5.1M (-14.7%)
United Kingdom-$3.1M (-27%)
Russia-$1.33M (-23.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Germany's main exporting competitors in Knit Men's Suits were:
In 2022, Germany's main importing competitors in Knit Men's Suits were:

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Trade Value of Knit Men's Suits by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALFrance+ $14.9M
TOP IMPORT POTENTIALBangladesh+ $39.6M

Knit Men's Suits’s highest export potential is France. With an export gap of $14.9M.   Knit Men's Suits’s highest import potential is Bangladesh with an import gap of $39.6M.

See methodology.

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