2022
Exports
$36.5MWorld Rnk 50 / 184
Flag Rnk 36 / 96
2022
PRODUCT COMPLEXITY IN Knitted fabrics
0.18Rnk 494 / 1025
2022
Imports
$2.28BWorld Rnk 3 / 216
Flag Rnk 10 / 96
2022
ECONOMIC COMPLEXITY of Bangladesh
-0.82Rnk 101 / 133

About

Exports In 2022, Bangladesh exported $36.5M in Knitted fabrics, making it the 50th largest exporter of Knitted fabrics in the world. At the same year, Knitted fabrics was the 36th most exported product in Bangladesh. The main destination of Knitted fabrics exports from Bangladesh are: India ($29.4M), Madagascar ($2.88M), Indonesia ($906k), Italy ($783k), and Sri Lanka ($738k).

The fastest growing export markets for Knitted fabrics of Bangladesh between 2021 and 2022 were Italy ($783k), Indonesia ($591k), and Vietnam ($502k).

Imports In 2022, Bangladesh imported $2.28B in Knitted fabrics, becoming the 3rd largest importer of Knitted fabrics in the world. At the same year, Knitted fabrics was the 10th most imported product in Bangladesh. Bangladesh imports Knitted fabrics primarily from: China ($1.86B), India ($95.7M), Chinese Taipei ($82.3M), Hong Kong ($71.9M), and South Korea ($38.9M).

The fastest growing import markets in Knitted fabrics for Bangladesh between 2021 and 2022 were Chinese Taipei ($19.7M), Sri Lanka ($9.36M), and China ($6.24M).

COMPANIES In 2023, leading companies such as PVH (Phillips-Van Heusen Corporation) (1) and Loblaws Supermarkets (1) were at the forefront of shipping Knitted fabrics from Bangladesh to the United States.

Latest Trends

May 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 Knitted fabrics. 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 (2022)$36.5M
IMPORTS (2022)$2.28B
NET TRADE (2022)-$2.24B

In 2022, Bangladesh exported $36.5M in Knitted fabrics. The main destinations of Bangladesh exports on Knitted fabrics were India ($29.4M), Madagascar ($2.88M), Indonesia ($906k), Italy ($783k), and Sri Lanka ($738k).

In 2022, Bangladesh imported $2.28B in Knitted fabrics, mainly from China ($1.86B), India ($95.7M), Chinese Taipei ($82.3M), Hong Kong ($71.9M), and South Korea ($38.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knitted fabrics EXPORT MARKETS FOR Bangladesh WERE (2021 - 2022):
Italy$783k (1%)
Indonesia$591k (188%)
Vietnam$502k (1.81k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knitted fabrics BY Bangladesh WERE (2021 - 2022):
Sri Lanka-$2.85M (-79.4%)
Nepal-$246k (-48.8%)
Kenya-$49k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Bangladesh's main exporting competitors in Knitted fabrics were:
In 2022, Bangladesh's main importing competitors in Knitted fabrics were:

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Trade Value of Knitted fabrics by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $10.8M
TOP IMPORT POTENTIALIndia+ $60.7M

Knitted fabrics’s highest export potential is India. With an export gap of $10.8M.   Knitted fabrics’s highest import potential is India with an import gap of $60.7M.

See methodology.

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