2023
Exports
$6.68BWorld Rnk 2 / 219
Flag Rnk 3 / 945
2023
PRODUCT COMPLEXITY IN Knit Sweaters
-1.3Rnk 900 / 1025
2023
Imports
$12.9MWorld Rnk 100 / 220
Flag Rnk 418 / 1162
2023
ECONOMIC COMPLEXITY of Bangladesh
-1.03Rnk 113 / 132

About

Exports In 2023, Bangladesh exported $6.68B in Knit Sweaters, making it the 2nd largest exporter of Knit Sweaters in the world. At the same year, Knit Sweaters was the 3rd most exported product in Bangladesh. The main destination of Knit Sweaters exports from Bangladesh are: Germany ($1.26B), United States ($697M), United Kingdom ($548M), Spain ($532M), and Poland ($403M).

The fastest growing export markets for Knit Sweaters of Bangladesh between 2022 and 2023 were Israel ($15.8M), Romania ($10.3M), and Brazil ($10.2M).

Imports In 2023, Bangladesh imported $12.9M in Knit Sweaters, becoming the 100th largest importer of Knit Sweaters in the world. At the same year, Knit Sweaters was the 418th most imported product in Bangladesh. Bangladesh imports Knit Sweaters primarily from: United Kingdom ($7.39M), Denmark ($2.66M), India ($802k), China ($768k), and Spain ($700k).

The fastest growing import markets in Knit Sweaters for Bangladesh between 2022 and 2023 were Denmark ($2.66M), United Kingdom ($714k), and Spain ($581k).

COMPANIES In 2024, leading companies such as Kontoor Brands (60), Gap (47), and Cotton On (44) were at the forefront of shipping Knit Sweaters from Bangladesh to the United States.

Latest Trends

Dec 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 Sweaters. 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 (2023)$6.68B
IMPORTS (2023)$12.9M
NET TRADE (2023)$6.67B

In 2023, Bangladesh exported $6.68B in Knit Sweaters. The main destinations of Bangladesh exports on Knit Sweaters were Germany ($1.26B), United States ($697M), United Kingdom ($548M), Spain ($532M), and Poland ($403M).

In 2023, Bangladesh imported $12.9M in Knit Sweaters, mainly from United Kingdom ($7.39M), Denmark ($2.66M), India ($802k), China ($768k), and Spain ($700k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Knit Sweaters EXPORT MARKETS FOR Bangladesh WERE (2022 - 2023):
Israel$15.8M (1.86k%)
Romania$10.3M (291%)
Brazil$10.2M (30.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Sweaters BY Bangladesh WERE (2022 - 2023):
Germany-$278M (-18.1%)
United States-$185M (-21%)
France-$182M (-35.1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Bangladesh's main exporting competitors in Knit Sweaters were:
China $19.7B
Vietnam $4.31B
In 2023, Bangladesh's main importing competitors in Knit Sweaters were:

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Trade Value of Knit Sweaters by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $601M
TOP IMPORT POTENTIALChina+ $7.66M

Knit Sweaters’s highest export potential is United States. With an export gap of $601M.   Knit Sweaters’s highest import potential is China with an import gap of $7.66M.

See methodology.

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