2022
Exports
$219MWorld Rnk 35 / 221
Flag Rnk 15 / 1074
2022
PRODUCT COMPLEXITY IN Knit Sweaters
-1.3Rnk 909 / 1025
2022
Imports
$4.59MWorld Rnk 126 / 218
Flag Rnk 401 / 1171
2022
ECONOMIC COMPLEXITY of Sri Lanka
-0.35Rnk 82 / 133

About

Exports In 2022, Sri Lanka exported $219M in Knit Sweaters, making it the 35th largest exporter of Knit Sweaters in the world. At the same year, Knit Sweaters was the 15th most exported product in Sri Lanka. The main destination of Knit Sweaters exports from Sri Lanka are: United States ($73.5M), Canada ($26.6M), Belgium ($23.6M), Netherlands ($22.3M), and United Kingdom ($15.6M).

The fastest growing export markets for Knit Sweaters of Sri Lanka between 2021 and 2022 were Belgium ($13.2M), Netherlands ($5.89M), and Canada ($5.8M).

Imports In 2022, Sri Lanka imported $4.59M in Knit Sweaters, becoming the 126th largest importer of Knit Sweaters in the world. At the same year, Knit Sweaters was the 401st most imported product in Sri Lanka. Sri Lanka imports Knit Sweaters primarily from: Pakistan ($1.29M), Bangladesh ($1.08M), India ($765k), Vietnam ($507k), and United Kingdom ($384k).

The fastest growing import markets in Knit Sweaters for Sri Lanka between 2021 and 2022 were United Kingdom ($373k), Vietnam ($336k), and China ($304k).

COMPANIES In 2023, leading companies such as Guess Clothing (43), H&M Clothing (15), and Mystic Apparel (6) were at the forefront of shipping Knit Sweaters from Sri Lanka to the United States.

Latest Trends

Oct 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)$219M
IMPORTS (2022)$4.59M
NET TRADE (2022)$214M

In 2022, Sri Lanka exported $219M in Knit Sweaters. The main destinations of Sri Lanka exports on Knit Sweaters were United States ($73.5M), Canada ($26.6M), Belgium ($23.6M), Netherlands ($22.3M), and United Kingdom ($15.6M).

In 2022, Sri Lanka imported $4.59M in Knit Sweaters, mainly from Pakistan ($1.29M), Bangladesh ($1.08M), India ($765k), Vietnam ($507k), and United Kingdom ($384k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Sweaters EXPORT MARKETS FOR Sri Lanka WERE (2021 - 2022):
Belgium$13.2M (126%)
Netherlands$5.89M (35.8%)
Canada$5.8M (27.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Sweaters BY Sri Lanka WERE (2021 - 2022):
United Kingdom-$6.02M (-27.9%)
United States-$2.55M (-3.36%)
China-$1.07M (-32.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Sri Lanka's main exporting competitors in Knit Sweaters were:
In 2022, Sri Lanka'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+ $67.2M
TOP IMPORT POTENTIALChina+ $997k

Knit Sweaters’s highest export potential is United States. With an export gap of $67.2M.   Knit Sweaters’s highest import potential is China with an import gap of $997k.

See methodology.

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