Knit Sweaters in United Kingdom 2021 Exports | Imports : $560M | $2.85B, World Rnk 18 / 220 Rnk 130 / 1216 | World Rnk 5 / 217 Rnk 35 / 1213
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $47.9M | $176M, South Korea | China
2021 ECONOMIC COMPLEXITY of United Kingdom: 1.43, Rnk 11 / 131
2021 PRODUCT COMPLEXITY IN Knit Sweaters: -1.35, Rnk 924 / 1029
Exports In 2021, United Kingdom exported $560M in Knit Sweaters, making it the 18th largest exporter of Knit Sweaters in the world. At the same year, Knit Sweaters was the 130th most exported product in United Kingdom. The main destination of Knit Sweaters exports from United Kingdom are: Germany ($78.8M), Ireland ($69.6M), Netherlands ($69M), South Korea ($60M), and United States ($50.2M).
The fastest growing export markets for Knit Sweaters of United Kingdom between 2020 and 2021 were South Korea ($47.9M), United States ($14.2M), and Netherlands ($13.9M).
Imports In 2021, United Kingdom imported $2.85B in Knit Sweaters, becoming the 5th largest importer of Knit Sweaters in the world. At the same year, Knit Sweaters was the 35th most imported product in United Kingdom. United Kingdom imports Knit Sweaters primarily from: China ($704M), Bangladesh ($412M), Turkey ($306M), Italy ($233M), and Pakistan ($214M).
The fastest growing import markets in Knit Sweaters for United Kingdom between 2020 and 2021 were China ($176M), Pakistan ($83.7M), and Bangladesh ($49.1M).
March 2023
Overview In March 2023 United Kingdom's Knit Sweaters exports accounted up to £29.2M and imports accounted up to £130M, resulting in a negative trade balance of £101M. Between March 2022 and March 2023 the exports of United Kingdom's Knit Sweaters have decreased by £-2.02M (-6.45%) from £31.2M to £29.2M, while imports decreased by £-45.3M (-25.9%) from £175M to £130M.
Destinations In March 2023, Knit Sweaters were exported mostly to Netherlands (£4.59M), France (£4.32M), Ireland (£3.68M), Germany (£2.48M), and Italy (£2.39M), and were imported mostly from Bangladesh (£21.8M), China (£14.6M), Italy (£13.7M), Turkey (£10.2M), and Netherlands (£9.38M).
Growth In March 2023, the decrease in Knit Sweaters's year-by-year exports was explained primarily by a decrease in exports to Israel (£-1.59M or -42%), Australia (£-772k or -70.8%), and Germany (£-673k or -18.2%). In March 2023, the decrease in Knit Sweaters's year-by-year imports was explained primarily by a decrease in imports from Germany (£-2.6M or -36.4%), Madagascar (£-1.81M or -85.7%), and Czechia (£-328k or -50.4%).
EXPORT GROWTH (March 2022 - March 2023): £-2.02M, (-6.45%)
IMPORT GROWTH (March 2022 - March 2023): £-45.3M, (-25.9%)
MAIN EXPORTER (March 2023): Dover Eurotunnel, £10.8M
MAIN DESTINATION (March 2023): Netherlands, £4.59M
This section shows Knit Sweaters's exports and imports data at subnational level for United Kingdom. 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 Knit Sweaters over time.
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EXPORTS (2021): $560M
IMPORTS (2021): $2.85B
NET TRADE (2021): -$2.29B
In 2021, United Kingdom exported $560M in Knit Sweaters. The main destinations of United Kingdom exports on Knit Sweaters were Germany ($78.8M), Ireland ($69.6M), Netherlands ($69M), South Korea ($60M), and United States ($50.2M).
In 2021, United Kingdom imported $2.85B in Knit Sweaters, mainly from China ($704M), Bangladesh ($412M), Turkey ($306M), Italy ($233M), and Pakistan ($214M).
THE FASTEST GROWING Knit Sweaters EXPORT MARKETS FOR United Kingdom WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Sweaters BY United Kingdom WERE (2020 - 2021):
In 2021, United Kingdom's main exporting competitors in Knit Sweaters were:
In 2021, United Kingdom's main importing competitors in Knit Sweaters were:
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