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2022
Exports $16.7MWorld Rnk 54 / 207
Flag Rnk 35 / 803
2022
Destination $3.77M South Africa
2021 - 2022
FASTEST GROWING MARKET $3.77MSouth Africa
2022
PRODUCT COMPLEXITY IN Knit Men's Suits-1.32Rnk 915 / 1025
2022
Imports $5.22MWorld Rnk 120 / 221
Flag Rnk 179 / 1117
2022
Origin $4.63k China
2021 - 2022
FASTEST GROWING ORIGIN $4.63kIndonesia
2022
ECONOMIC COMPLEXITY of Madagascar-1.08Rnk 115 / 133

About

Exports In 2022, Madagascar exported $16.7M in Knit Men's Suits, making it the 54th largest exporter of Knit Men's Suits in the world. At the same year, Knit Men's Suits was the 35th most exported product in Madagascar. The main destination of Knit Men's Suits exports from Madagascar are: South Africa ($7.12M), United States ($5.42M), United Kingdom ($1.37M), France ($663k), and Belgium ($586k).

The fastest growing export markets for Knit Men's Suits of Madagascar between 2021 and 2022 were South Africa ($3.77M), United States ($556k), and United Kingdom ($510k).

Imports In 2022, Madagascar imported $5.22M in Knit Men's Suits, becoming the 120th largest importer of Knit Men's Suits in the world. At the same year, Knit Men's Suits was the 179th most imported product in Madagascar. Madagascar imports Knit Men's Suits primarily from: China ($5.15M), France ($26.5k), Indonesia ($24.8k), Mauritius ($4.93k), and South Africa ($4.11k).

The fastest growing import markets in Knit Men's Suits for Madagascar between 2021 and 2022 were Indonesia ($4.63k), France ($1.58k), and Turkey ($1.49k).

Latest Trends

Nov 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)$16.7M
IMPORTS (2022)$5.22M
NET TRADE (2022)$11.5M

In 2022, Madagascar exported $16.7M in Knit Men's Suits. The main destinations of Madagascar exports on Knit Men's Suits were South Africa ($7.12M), United States ($5.42M), United Kingdom ($1.37M), France ($663k), and Belgium ($586k).

In 2022, Madagascar imported $5.22M in Knit Men's Suits, mainly from China ($5.15M), France ($26.5k), Indonesia ($24.8k), Mauritius ($4.93k), and South Africa ($4.11k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Men's Suits EXPORT MARKETS FOR Madagascar WERE (2021 - 2022):
South Africa$3.77M (112%)
United States$556k (11.4%)
United Kingdom$510k (59.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Men's Suits BY Madagascar WERE (2021 - 2022):
Australia-$1.3M (-93.1%)
Germany-$532k (-67.9%)
Saudi Arabia-$132k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Madagascar's main exporting competitors in Knit Men's Suits were:
China $4.9B
Bangladesh $1.43B
Vietnam $1.42B
In 2022, Madagascar's main importing competitors in Knit Men's Suits were:
United States $3.65B
Germany $921M
United Kingdom $799M

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Trade Value of Knit Men's Suits by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $6.33M
TOP IMPORT POTENTIALChina+ $558k

Knit Men's Suits’s highest export potential is United States. With an export gap of $6.33M.   Knit Men's Suits’s highest import potential is China with an import gap of $558k.

See methodology.

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