2023
Exports
$436MWorld Rnk 23 / 225
Flag Rnk 6 / 1073
2023
PRODUCT COMPLEXITY IN Knit T-shirts
-1.53Rnk 948 / 1025
2023
Imports
$12.1MWorld Rnk 122 / 225
Flag Rnk 211 / 1170
2023
ECONOMIC COMPLEXITY of Sri Lanka
-0.44Rnk 85 / 132

About

Exports In 2023, Sri Lanka exported $436M in Knit T-shirts, making it the 23rd largest exporter of Knit T-shirts in the world. At the same year, Knit T-shirts was the 6th most exported product in Sri Lanka. The main destination of Knit T-shirts exports from Sri Lanka are: Italy ($56.8M), United States ($49.6M), United Kingdom ($48.5M), Germany ($44.2M), and Netherlands ($27.2M).

The fastest growing export markets for Knit T-shirts of Sri Lanka between 2022 and 2023 were Italy ($16.6M), Israel ($3.02M), and France ($2.84M).

Imports In 2023, Sri Lanka imported $12.1M in Knit T-shirts, becoming the 122nd largest importer of Knit T-shirts in the world. At the same year, Knit T-shirts was the 211th most imported product in Sri Lanka. Sri Lanka imports Knit T-shirts primarily from: India ($5.47M), Bangladesh ($3.69M), Pakistan ($1.4M), China ($665k), and Burma ($336k).

The fastest growing import markets in Knit T-shirts for Sri Lanka between 2022 and 2023 were Bangladesh ($583k), Burma ($336k), and China ($47.3k).

COMPANIES In 2024, leading companies such as Guess Clothing (820), Gildan Activewear (105), and Kontoor Brands (40) were at the forefront of shipping Knit T-shirts from Sri Lanka 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 T-shirts. 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)$436M
IMPORTS (2023)$12.1M
NET TRADE (2023)$424M

In 2023, Sri Lanka exported $436M in Knit T-shirts. The main destinations of Sri Lanka exports on Knit T-shirts were Italy ($56.8M), United States ($49.6M), United Kingdom ($48.5M), Germany ($44.2M), and Netherlands ($27.2M).

In 2023, Sri Lanka imported $12.1M in Knit T-shirts, mainly from India ($5.47M), Bangladesh ($3.69M), Pakistan ($1.4M), China ($665k), and Burma ($336k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Knit T-shirts EXPORT MARKETS FOR Sri Lanka WERE (2022 - 2023):
Italy$16.6M (41.3%)
Israel$3.02M (2.38k%)
France$2.84M (16.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit T-shirts BY Sri Lanka WERE (2022 - 2023):
United States-$21.5M (-30.2%)
Netherlands-$10.3M (-27.4%)
China-$9.85M (-31%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Sri Lanka's main exporting competitors in Knit T-shirts were:
China $8.58B
Turkey $2.98B
In 2023, Sri Lanka's main importing competitors in Knit T-shirts were:

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Trade Value of Knit T-shirts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $45M
TOP IMPORT POTENTIALIndia+ $2.26M

Knit T-shirts’s highest export potential is United States. With an export gap of $45M.   Knit T-shirts’s highest import potential is India with an import gap of $2.26M.

See methodology.

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