2023
Exports
$485MWorld Rnk 21 / 219
Flag Rnk 2 / 944
2023
PRODUCT COMPLEXITY IN Knit Sweaters
-1.3Rnk 900 / 1025
2023
Imports
$59.1MWorld Rnk 65 / 220
Flag Rnk 55 / 1143
2023
ECONOMIC COMPLEXITY of El Salvador
0.0012Rnk 63 / 132

About

Exports In 2023, El Salvador exported $485M in Knit Sweaters, making it the 21st largest exporter of Knit Sweaters in the world. At the same year, Knit Sweaters was the 2nd most exported product in El Salvador. The main destination of Knit Sweaters exports from El Salvador are: United States ($374M), Honduras ($69.6M), Canada ($11.1M), China ($5.94M), and Germany ($4.1M).

The fastest growing export markets for Knit Sweaters of El Salvador between 2022 and 2023 were China ($3.01M), Canada ($2.94M), and Mexico ($1.53M).

Imports In 2023, El Salvador imported $59.1M in Knit Sweaters, becoming the 65th largest importer of Knit Sweaters in the world. At the same year, Knit Sweaters was the 55th most imported product in El Salvador. El Salvador imports Knit Sweaters primarily from: Honduras ($46.9M), Guatemala ($3.99M), China ($2.77M), India ($1.6M), and Bangladesh ($757k).

The fastest growing import markets in Knit Sweaters for El Salvador between 2022 and 2023 were China ($749k), Nicaragua ($453k), and Vietnam ($340k).

COMPANIES In 2024, leading companies such as Adidas (1) were at the forefront of shipping Knit Sweaters from El Salvador 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)$485M
IMPORTS (2023)$59.1M
NET TRADE (2023)$426M

In 2023, El Salvador exported $485M in Knit Sweaters. The main destinations of El Salvador exports on Knit Sweaters were United States ($374M), Honduras ($69.6M), Canada ($11.1M), China ($5.94M), and Germany ($4.1M).

In 2023, El Salvador imported $59.1M in Knit Sweaters, mainly from Honduras ($46.9M), Guatemala ($3.99M), China ($2.77M), India ($1.6M), and Bangladesh ($757k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Knit Sweaters EXPORT MARKETS FOR El Salvador WERE (2022 - 2023):
China$3.01M (103%)
Canada$2.94M (36.2%)
Mexico$1.53M (122%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Sweaters BY El Salvador WERE (2022 - 2023):
Honduras-$44.8M (-39.2%)
United States-$20.1M (-5.11%)
Nicaragua-$17.4M (-90.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, El Salvador's main exporting competitors in Knit Sweaters were:
In 2023, El Salvador'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+ $103M
TOP IMPORT POTENTIALHonduras+ $8.64M

Knit Sweaters’s highest export potential is United States. With an export gap of $103M.   Knit Sweaters’s highest import potential is Honduras with an import gap of $8.64M.

See methodology.

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