Knit T-shirts in Spain | The Observatory of Economic Complexity

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Exports In 2022, Spain exported $1.26B in Knit T-shirts, making it the 9th largest exporter of Knit T-shirts in the world. At the same year, Knit T-shirts was the 56th most exported product in Spain. The main destination of Knit T-shirts exports from Spain are: France ($212M), Italy ($167M), Portugal ($127M), Poland ($72.8M), and Germany ($60.9M).

The fastest growing export markets for Knit T-shirts of Spain between 2021 and 2022 were Portugal ($19.8M), France ($18.3M), and Turkey ($8.2M).

Imports In 2022, Spain imported $2.55B in Knit T-shirts, becoming the 4th largest importer of Knit T-shirts in the world. At the same year, Knit T-shirts was the 23rd most imported product in Spain. Spain imports Knit T-shirts primarily from: Bangladesh ($834M), Turkey ($303M), Portugal ($281M), France ($182M), and China ($156M).

The fastest growing import markets in Knit T-shirts for Spain between 2021 and 2022 were Bangladesh ($233M), China ($49.6M), and Turkey ($27.4M).

COMPANIES In 2023, leading companies such as ASOS US SALES LLC (248), GILDAN ACTIVEWEAR SRL (30), and GUESS, INC. (26) were at the forefront of shipping Knit T-shirts from Spain to the United States.

Latest Trends

February 2024

About

Overview In February 2024 Spain's Knit T-shirts exports accounted up to €82.8M and imports accounted up to €144M, resulting in a negative trade balance of €61.2M. Between February 2023 and February 2024 the exports of Spain's Knit T-shirts have decreased by €-3M (-3.5%) from €85.8M to €82.8M, while imports decreased by €-15.1M (-9.5%) from €159M to €144M.

Destinations In February 2024, Knit T-shirts were exported mostly to Italy (€15.5M), France (€13.4M), Poland (€8.84M), Portugal (€8.66M), and Germany (€6.38M), and were imported mostly from Bangladesh (€53.6M), Turkey (€16.4M), China (€12.1M), Portugal (€10.4M), and Italy (€6.99M).

Growth In February 2024, the decrease in Knit T-shirts's year-by-year exports was explained primarily by a decrease in exports to Russia (€-1.3M or -65.6%), China (€-527k or -39.1%), and United States (€-312k or -17.8%). In February 2024, the decrease in Knit T-shirts's year-by-year imports was explained primarily by a decrease in imports from Portugal (€-1.16M or -14.3%), Germany (€-1.05M or -25.8%), and Burma (€-838k or -69.1%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)€-3M(-3.5%)

IMPORT GROWTH (February 2023 - February 2024)€-15.1M(-9.5%)

MAIN EXPORTER (February 2024)A Coruña€25.7M

MAIN DESTINATION (February 2024)Italy€15.5M

This section shows Knit T-shirts's exports and imports data at subnational level for Spain. 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 T-shirts over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$1.26B

IMPORTS (2022)$2.55B

NET TRADE (2022)-$1.29B

In 2022, Spain exported $1.26B in Knit T-shirts. The main destinations of Spain exports on Knit T-shirts were France ($212M), Italy ($167M), Portugal ($127M), Poland ($72.8M), and Germany ($60.9M).

In 2022, Spain imported $2.55B in Knit T-shirts, mainly from Bangladesh ($834M), Turkey ($303M), Portugal ($281M), France ($182M), and China ($156M).

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