2023
Exports
$104MWorld Rnk 44 / 225
Flag Rnk 11 / 810
2023
PRODUCT COMPLEXITY IN Knit T-shirts
-1.53Rnk 948 / 1025
2023
Imports
$3.41MWorld Rnk 153 / 225
Flag Rnk 212 / 1110
2023
ECONOMIC COMPLEXITY of Madagascar
-1.15Rnk 117 / 132

About

Exports In 2023, Madagascar exported $104M in Knit T-shirts, making it the 44th largest exporter of Knit T-shirts in the world. At the same year, Knit T-shirts was the 11th most exported product in Madagascar. The main destination of Knit T-shirts exports from Madagascar are: South Africa ($45.5M), United States ($39.1M), Germany ($3.36M), Canada ($3.16M), and France ($2.24M).

The fastest growing export markets for Knit T-shirts of Madagascar between 2022 and 2023 were Netherlands ($880k), Mexico ($532k), and Switzerland ($456k).

Imports In 2023, Madagascar imported $3.41M in Knit T-shirts, becoming the 153rd largest importer of Knit T-shirts in the world. At the same year, Knit T-shirts was the 212th most imported product in Madagascar. Madagascar imports Knit T-shirts primarily from: China ($1.43M), Uzbekistan ($1.22M), India ($326k), Turkey ($172k), and Mauritius ($108k).

The fastest growing import markets in Knit T-shirts for Madagascar between 2022 and 2023 were Uzbekistan ($1.22M), China ($632k), and Turkey ($160k).

COMPANIES In 2024, leading companies such as ASOS (5) were at the forefront of shipping Knit T-shirts from Madagascar 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)$104M
IMPORTS (2023)$3.41M
NET TRADE (2023)$100M

In 2023, Madagascar exported $104M in Knit T-shirts. The main destinations of Madagascar exports on Knit T-shirts were South Africa ($45.5M), United States ($39.1M), Germany ($3.36M), Canada ($3.16M), and France ($2.24M).

In 2023, Madagascar imported $3.41M in Knit T-shirts, mainly from China ($1.43M), Uzbekistan ($1.22M), India ($326k), Turkey ($172k), and Mauritius ($108k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Knit T-shirts EXPORT MARKETS FOR Madagascar WERE (2022 - 2023):
Netherlands$880k (561%)
Mexico$532k (1.69k%)
Switzerland$456k (121%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit T-shirts BY Madagascar WERE (2022 - 2023):
United States-$12.6M (-24.4%)
Germany-$2.38M (-41.5%)
South Africa-$2.24M (-4.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Madagascar's main exporting competitors in Knit T-shirts were:
China $8.58B
Turkey $2.98B
In 2023, Madagascar'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+ $31.3M
TOP IMPORT POTENTIALChina+ $666k

Knit T-shirts’s highest export potential is United States. With an export gap of $31.3M.   Knit T-shirts’s highest import potential is China with an import gap of $666k.

See methodology.

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