2023
Exports
$159MWorld Rnk 40 / 219
Flag Rnk 7 / 810
2023
PRODUCT COMPLEXITY IN Knit Sweaters
-1.3Rnk 900 / 1025
2023
Imports
$3.58MWorld Rnk 124 / 220
Flag Rnk 207 / 1110
2023
ECONOMIC COMPLEXITY of Madagascar
-1.15Rnk 117 / 132

About

Exports In 2023, Madagascar exported $159M in Knit Sweaters, making it the 40th largest exporter of Knit Sweaters in the world. At the same year, Knit Sweaters was the 7th most exported product in Madagascar. The main destination of Knit Sweaters exports from Madagascar are: United States ($46.2M), Germany ($26.9M), South Africa ($20.1M), France ($15.7M), and United Kingdom ($15.4M).

The fastest growing export markets for Knit Sweaters of Madagascar between 2022 and 2023 were Germany ($1.68M), United Kingdom ($1.33M), and Italy ($934k).

Imports In 2023, Madagascar imported $3.58M in Knit Sweaters, becoming the 124th largest importer of Knit Sweaters in the world. At the same year, Knit Sweaters was the 207th most imported product in Madagascar. Madagascar imports Knit Sweaters primarily from: China ($3.39M), France ($67.6k), United Arab Emirates ($54.6k), United Kingdom ($29.1k), and Italy ($7.41k).

The fastest growing import markets in Knit Sweaters for Madagascar between 2022 and 2023 were United Arab Emirates ($52.3k), France ($47k), and Netherlands ($4.82k).

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)$159M
IMPORTS (2023)$3.58M
NET TRADE (2023)$155M

In 2023, Madagascar exported $159M in Knit Sweaters. The main destinations of Madagascar exports on Knit Sweaters were United States ($46.2M), Germany ($26.9M), South Africa ($20.1M), France ($15.7M), and United Kingdom ($15.4M).

In 2023, Madagascar imported $3.58M in Knit Sweaters, mainly from China ($3.39M), France ($67.6k), United Arab Emirates ($54.6k), United Kingdom ($29.1k), and Italy ($7.41k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Knit Sweaters EXPORT MARKETS FOR Madagascar WERE (2022 - 2023):
Germany$1.68M (6.69%)
United Kingdom$1.33M (9.45%)
Italy$934k (31.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Sweaters BY Madagascar WERE (2022 - 2023):
South Africa-$5.67M (-22%)
United States-$4.4M (-8.7%)
France-$3.95M (-20.1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Madagascar's main exporting competitors in Knit Sweaters were:
In 2023, Madagascar'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+ $44.3M
TOP IMPORT POTENTIALChina+ $2.18M

Knit Sweaters’s highest export potential is United States. With an export gap of $44.3M.   Knit Sweaters’s highest import potential is China with an import gap of $2.18M.

See methodology.

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