2023
Exports
$1.11BWorld Rnk 14 / 219
Flag Rnk 68 / 1212
2023
PRODUCT COMPLEXITY IN Knit Sweaters
-1.3Rnk 900 / 1025
2023
Imports
$176MWorld Rnk 40 / 220
Flag Rnk 333 / 1208
2023
ECONOMIC COMPLEXITY of India
0.65Rnk 39 / 132

About

Exports In 2023, India exported $1.11B in Knit Sweaters, making it the 14th largest exporter of Knit Sweaters in the world. At the same year, Knit Sweaters was the 68th most exported product in India. The main destination of Knit Sweaters exports from India are: United States ($464M), Germany ($116M), United Kingdom ($58M), Poland ($51.6M), and France ($34.7M).

The fastest growing export markets for Knit Sweaters of India between 2022 and 2023 were Nicaragua ($13.7M), Ireland ($5.91M), and United Arab Emirates ($4.18M).

Imports In 2023, India imported $176M in Knit Sweaters, becoming the 40th largest importer of Knit Sweaters in the world. At the same year, Knit Sweaters was the 333rd most imported product in India. India imports Knit Sweaters primarily from: China ($72.2M), Bangladesh ($58.3M), Turkey ($9.05M), Vietnam ($8.83M), and Cambodia ($6.05M).

The fastest growing import markets in Knit Sweaters for India between 2022 and 2023 were China ($37.3M), Turkey ($6.88M), and Cambodia ($2.51M).

COMPANIES In 2023, leading companies such as Old Navy (472), Gap (183), and Banana Republic (90) were at the forefront of shipping Knit Sweaters from India 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)$1.11B
IMPORTS (2023)$176M
NET TRADE (2023)$932M

In 2023, India exported $1.11B in Knit Sweaters. The main destinations of India exports on Knit Sweaters were United States ($464M), Germany ($116M), United Kingdom ($58M), Poland ($51.6M), and France ($34.7M).

In 2023, India imported $176M in Knit Sweaters, mainly from China ($72.2M), Bangladesh ($58.3M), Turkey ($9.05M), Vietnam ($8.83M), and Cambodia ($6.05M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Knit Sweaters EXPORT MARKETS FOR India WERE (2022 - 2023):
Nicaragua$13.7M (35.4k%)
Ireland$5.91M (173%)
United Arab Emirates$4.18M (14.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Sweaters BY India WERE (2022 - 2023):
United States-$189M (-29%)
Germany-$30.1M (-20.5%)
El Salvador-$24.6M (-93.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, India's main exporting competitors in Knit Sweaters were:
In 2023, India'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+ $209M
TOP IMPORT POTENTIALChina+ $112M

Knit Sweaters’s highest export potential is United States. With an export gap of $209M.   Knit Sweaters’s highest import potential is China with an import gap of $112M.

See methodology.

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