2022
Exports
$256MWorld Rnk 9 / 197
Flag Rnk 14 / 1074
2022
PRODUCT COMPLEXITY IN Knit Babies' Garments
-1.54Rnk 952 / 1025
2022
Imports
$9.1MWorld Rnk 70 / 216
Flag Rnk 261 / 1171
2022
ECONOMIC COMPLEXITY of Sri Lanka
-0.35Rnk 82 / 133

About

Exports In 2022, Sri Lanka exported $256M in Knit Babies' Garments, making it the 9th largest exporter of Knit Babies' Garments in the world. At the same year, Knit Babies' Garments was the 14th most exported product in Sri Lanka. The main destination of Knit Babies' Garments exports from Sri Lanka are: United Kingdom ($124M), United States ($62.9M), Ireland ($16.7M), Germany ($12.2M), and Spain ($10.9M).

The fastest growing export markets for Knit Babies' Garments of Sri Lanka between 2021 and 2022 were Ireland ($10.6M), United Kingdom ($9.92M), and Spain ($6.39M).

Imports In 2022, Sri Lanka imported $9.1M in Knit Babies' Garments, becoming the 70th largest importer of Knit Babies' Garments in the world. At the same year, Knit Babies' Garments was the 261st most imported product in Sri Lanka. Sri Lanka imports Knit Babies' Garments primarily from: India ($3.63M), Thailand ($3.49M), United Kingdom ($1.28M), Bangladesh ($306k), and China ($151k).

The fastest growing import markets in Knit Babies' Garments for Sri Lanka between 2021 and 2022 were Thailand ($1.49M), United Kingdom ($1.22M), and Pakistan ($98.3k).

COMPANIES In 2023, leading companies such as Guess Clothing (10), H&M Clothing (2), and JP Boden Services (1) were at the forefront of shipping Knit Babies' Garments from Sri Lanka to the United States.

Latest Trends

Jul 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 Babies' 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)$256M
IMPORTS (2022)$9.1M
NET TRADE (2022)$246M

In 2022, Sri Lanka exported $256M in Knit Babies' Garments. The main destinations of Sri Lanka exports on Knit Babies' Garments were United Kingdom ($124M), United States ($62.9M), Ireland ($16.7M), Germany ($12.2M), and Spain ($10.9M).

In 2022, Sri Lanka imported $9.1M in Knit Babies' Garments, mainly from India ($3.63M), Thailand ($3.49M), United Kingdom ($1.28M), Bangladesh ($306k), and China ($151k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Babies' Garments EXPORT MARKETS FOR Sri Lanka WERE (2021 - 2022):
Ireland$10.6M (176%)
United Kingdom$9.92M (8.68%)
Spain$6.39M (140%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Babies' Garments BY Sri Lanka WERE (2021 - 2022):
Netherlands-$718k (-52.8%)
United Arab Emirates-$588k (-11.9%)
Saudi Arabia-$587k (-59.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Sri Lanka's main exporting competitors in Knit Babies' Garments were:
China $2.45B
India $1.08B
In 2022, Sri Lanka's main importing competitors in Knit Babies' Garments were:

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Trade Value of Knit Babies' Garments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $16.8M
TOP IMPORT POTENTIALIndia+ $1.32M

Knit Babies' Garments’s highest export potential is United States. With an export gap of $16.8M.   Knit Babies' Garments’s highest import potential is India with an import gap of $1.32M.

See methodology.

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