2022
Exports
$2.71BWorld Rnk 20 / 226
Flag Rnk 7 / 96
2022
PRODUCT COMPLEXITY IN Knitted clothing accesories
-0.71Rnk 761 / 1025
2022
Imports
$1.45BWorld Rnk 38 / 224
Flag Rnk 17 / 96
2022
ECONOMIC COMPLEXITY of Portugal
0.57Rnk 42 / 133

About

Exports In 2022, Portugal exported $2.71B in Knitted clothing accesories, making it the 20th largest exporter of Knitted clothing accesories in the world. At the same year, Knitted clothing accesories was the 7th most exported product in Portugal. The main destination of Knitted clothing accesories exports from Portugal are: Spain ($655M), France ($420M), Germany ($288M), Italy ($240M), and United Kingdom ($223M).

The fastest growing export markets for Knitted clothing accesories of Portugal between 2021 and 2022 were United Kingdom ($63M), France ($41M), and South Korea ($13.5M).

Imports In 2022, Portugal imported $1.45B in Knitted clothing accesories, becoming the 38th largest importer of Knitted clothing accesories in the world. At the same year, Knitted clothing accesories was the 17th most imported product in Portugal. Portugal imports Knitted clothing accesories primarily from: Spain ($692M), Italy ($134M), France ($127M), China ($89.6M), and Germany ($84.3M).

The fastest growing import markets in Knitted clothing accesories for Portugal between 2021 and 2022 were Spain ($108M), Bangladesh ($27.1M), and China ($23.9M).

Historical Data

Trade Balance

Color
EXPORTS (2022)$2.71B
IMPORTS (2022)$1.45B
NET TRADE (2022)$1.26B

In 2022, Portugal exported $2.71B in Knitted clothing accesories. The main destinations of Portugal exports on Knitted clothing accesories were Spain ($655M), France ($420M), Germany ($288M), Italy ($240M), and United Kingdom ($223M).

In 2022, Portugal imported $1.45B in Knitted clothing accesories, mainly from Spain ($692M), Italy ($134M), France ($127M), China ($89.6M), and Germany ($84.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knitted clothing accesories EXPORT MARKETS FOR Portugal WERE (2021 - 2022):
United Kingdom$63M (39.3%)
France$41M (10.8%)
South Korea$13.5M (107%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knitted clothing accesories BY Portugal WERE (2021 - 2022):
Spain-$90.9M (-12.2%)
Netherlands-$18.3M (-10.3%)
United Arab Emirates-$9.09M (-58.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Portugal's main exporting competitors in Knitted clothing accesories were:
In 2022, Portugal's main importing competitors in Knitted clothing accesories were:

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Trade Value of Knitted clothing accesories by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $149M
TOP IMPORT POTENTIALChina+ $73.1M

Knitted clothing accesories’s highest export potential is United States. With an export gap of $149M.   Knitted clothing accesories’s highest import potential is China with an import gap of $73.1M.

See methodology.

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