2022
Exports
$3.47MWorld Rnk 21 / 120
Flag Rnk 237 / 1074
2022
PRODUCT COMPLEXITY IN Knitting Machines
1.1Rnk 135 / 1025
2022
Imports
$18.3MWorld Rnk 29 / 191
Flag Rnk 177 / 1171
2022
ECONOMIC COMPLEXITY of Sri Lanka
-0.35Rnk 82 / 133

About

Exports In 2022, Sri Lanka exported $3.47M in Knitting Machines, making it the 21st largest exporter of Knitting Machines in the world. At the same year, Knitting Machines was the 237th most exported product in Sri Lanka. The main destination of Knitting Machines exports from Sri Lanka are: India ($1.48M), Germany ($772k), China ($481k), Portugal ($210k), and Canada ($158k).

The fastest growing export markets for Knitting Machines of Sri Lanka between 2021 and 2022 were India ($1.42M), Germany ($684k), and China ($481k).

Imports In 2022, Sri Lanka imported $18.3M in Knitting Machines, becoming the 29th largest importer of Knitting Machines in the world. At the same year, Knitting Machines was the 177th most imported product in Sri Lanka. Sri Lanka imports Knitting Machines primarily from: Italy ($7.18M), China ($7.18M), Japan ($2.18M), Germany ($1.29M), and United Kingdom ($253k).

The fastest growing import markets in Knitting Machines for Sri Lanka between 2021 and 2022 were Italy ($2.76M), Germany ($971k), and China ($888k).

Latest Trends

Oct 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 Knitting Machines. 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)$3.47M
IMPORTS (2022)$18.3M
NET TRADE (2022)-$14.9M

In 2022, Sri Lanka exported $3.47M in Knitting Machines. The main destinations of Sri Lanka exports on Knitting Machines were India ($1.48M), Germany ($772k), China ($481k), Portugal ($210k), and Canada ($158k).

In 2022, Sri Lanka imported $18.3M in Knitting Machines, mainly from Italy ($7.18M), China ($7.18M), Japan ($2.18M), Germany ($1.29M), and United Kingdom ($253k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knitting Machines EXPORT MARKETS FOR Sri Lanka WERE (2021 - 2022):
India$1.42M (2.4k%)
Germany$684k (776%)
China$481k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knitting Machines BY Sri Lanka WERE (2021 - 2022):
Vietnam-$1.5M (-100%)
Hong Kong-$538k (-77.9%)
Pakistan-$288k (-97%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Sri Lanka's main exporting competitors in Knitting Machines were:
China $1.28B
Japan $411M
In 2022, Sri Lanka's main importing competitors in Knitting Machines were:

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Trade Value of Knitting Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $511k
TOP IMPORT POTENTIALChina+ $768k

Knitting Machines’s highest export potential is India. With an export gap of $511k.   Knitting Machines’s highest import potential is China with an import gap of $768k.

See methodology.

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