2022
Exports
$8.02BWorld Rnk 2 / 221
Flag Rnk 3 / 931
2022
PRODUCT COMPLEXITY IN Knit Sweaters
-1.3Rnk 909 / 1025
2022
Imports
$16.3MWorld Rnk 101 / 218
Flag Rnk 412 / 1173
2022
ECONOMIC COMPLEXITY of Bangladesh
-0.82Rnk 101 / 133

About

Exports In 2022, Bangladesh exported $8.02B 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 ($1.53B), United States ($882M), United Kingdom ($650M), Spain ($634M), and France ($520M).

The fastest growing export markets for Knit Sweaters of Bangladesh between 2021 and 2022 were Germany ($320M), United Kingdom ($238M), and United States ($178M).

Imports In 2022, Bangladesh imported $16.3M in Knit Sweaters, becoming the 101st largest importer of Knit Sweaters in the world. At the same year, Knit Sweaters was the 412th most imported product in Bangladesh. Bangladesh imports Knit Sweaters primarily from: United Kingdom ($6.68M), China ($5.87M), United Arab Emirates ($1.79M), India ($1.37M), and Indonesia ($350k).

The fastest growing import markets in Knit Sweaters for Bangladesh between 2021 and 2022 were United Kingdom ($6.68M), China ($4.04M), and Indonesia ($349k).

COMPANIES In 2023, leading companies such as H&M Clothing (89), Puma (25), and Walmart (11) were at the forefront of shipping Knit Sweaters from Bangladesh to the United States.

Latest Trends

Sep 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 (2022)$8.02B
IMPORTS (2022)$16.3M
NET TRADE (2022)$8B

In 2022, Bangladesh exported $8.02B in Knit Sweaters. The main destinations of Bangladesh exports on Knit Sweaters were Germany ($1.53B), United States ($882M), United Kingdom ($650M), Spain ($634M), and France ($520M).

In 2022, Bangladesh imported $16.3M in Knit Sweaters, mainly from United Kingdom ($6.68M), China ($5.87M), United Arab Emirates ($1.79M), India ($1.37M), and Indonesia ($350k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Sweaters EXPORT MARKETS FOR Bangladesh WERE (2021 - 2022):
Germany$320M (26.3%)
United Kingdom$238M (57.7%)
United States$178M (25.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Sweaters BY Bangladesh WERE (2021 - 2022):
Russia-$180M (-100%)
Austria-$102M (-82.9%)
Saudi Arabia-$24.2M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Bangladesh's main exporting competitors in Knit Sweaters were:
China $20.4B
Vietnam $4.83B
In 2022, 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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