2022
Exports
$80.6MWorld Rnk 20 / 210
Flag Rnk 38 / 1074
2022
PRODUCT COMPLEXITY IN Other Knit Garments
-1.33Rnk 917 / 1025
2022
Imports
$1.27MWorld Rnk 127 / 217
Flag Rnk 646 / 1171
2022
ECONOMIC COMPLEXITY of Sri Lanka
-0.35Rnk 82 / 133

About

Exports In 2022, Sri Lanka exported $80.6M in Other Knit Garments, making it the 20th largest exporter of Other Knit Garments in the world. At the same year, Other Knit Garments was the 38th most exported product in Sri Lanka. The main destination of Other Knit Garments exports from Sri Lanka are: Haiti ($20.7M), United States ($13.3M), United Kingdom ($9.62M), Italy ($6.54M), and Germany ($4.78M).

The fastest growing export markets for Other Knit Garments of Sri Lanka between 2021 and 2022 were United States ($5.75M), United Kingdom ($2.31M), and Spain ($2.15M).

Imports In 2022, Sri Lanka imported $1.27M in Other Knit Garments, becoming the 127th largest importer of Other Knit Garments in the world. At the same year, Other Knit Garments was the 646th most imported product in Sri Lanka. Sri Lanka imports Other Knit Garments primarily from: India ($542k), Bangladesh ($347k), China ($94.1k), Malaysia ($81.8k), and United Arab Emirates ($53.7k).

The fastest growing import markets in Other Knit Garments for Sri Lanka between 2021 and 2022 were India ($328k), Bangladesh ($295k), and Malaysia ($78.9k).

COMPANIES In 2023, leading companies such as Guess Clothing (2), Banana Republic (2), and Gap (1) were at the forefront of shipping Other Knit Garments from Sri Lanka to the United States.

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 Other Knit Garments. 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)$80.6M
IMPORTS (2022)$1.27M
NET TRADE (2022)$79.3M

In 2022, Sri Lanka exported $80.6M in Other Knit Garments. The main destinations of Sri Lanka exports on Other Knit Garments were Haiti ($20.7M), United States ($13.3M), United Kingdom ($9.62M), Italy ($6.54M), and Germany ($4.78M).

In 2022, Sri Lanka imported $1.27M in Other Knit Garments, mainly from India ($542k), Bangladesh ($347k), China ($94.1k), Malaysia ($81.8k), and United Arab Emirates ($53.7k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Knit Garments EXPORT MARKETS FOR Sri Lanka WERE (2021 - 2022):
United States$5.75M (76%)
United Kingdom$2.31M (31.5%)
Spain$2.15M (227%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Knit Garments BY Sri Lanka WERE (2021 - 2022):
Saudi Arabia-$1.68M (-95.8%)
Austria-$1.36M (-60.7%)
South Korea-$661k (-54.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Sri Lanka's main exporting competitors in Other Knit Garments were:
In 2022, Sri Lanka's main importing competitors in Other Knit Garments were:

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Trade Value of Other Knit Garments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $11.8M
TOP IMPORT POTENTIALChina+ $288k

Other Knit Garments’s highest export potential is United States. With an export gap of $11.8M.   Other Knit Garments’s highest import potential is China with an import gap of $288k.

See methodology.

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