2022
Exports
$10.1MWorld Rnk 60 / 207
Flag Rnk 35 / 862
2022
PRODUCT COMPLEXITY IN Knit Men's Suits
-1.32Rnk 915 / 1025
2022
Imports
$1.79MWorld Rnk 147 / 221
Flag Rnk 438 / 1133
2022
ECONOMIC COMPLEXITY of Ethiopia
-0.72Rnk 98 / 133

About

Exports In 2022, Ethiopia exported $10.1M in Knit Men's Suits, making it the 60th largest exporter of Knit Men's Suits in the world. At the same year, Knit Men's Suits was the 35th most exported product in Ethiopia. The main destination of Knit Men's Suits exports from Ethiopia are: United States ($7.91M), Canada ($776k), South Korea ($285k), Germany ($243k), and Italy ($214k).

The fastest growing export markets for Knit Men's Suits of Ethiopia between 2021 and 2022 were United States ($398k), South Korea ($259k), and Italy ($134k).

Imports In 2022, Ethiopia imported $1.79M in Knit Men's Suits, becoming the 147th largest importer of Knit Men's Suits in the world. At the same year, Knit Men's Suits was the 438th most imported product in Ethiopia. Ethiopia imports Knit Men's Suits primarily from: China ($566k), United States ($303k), Pakistan ($264k), United Arab Emirates ($260k), and Turkey ($230k).

The fastest growing import markets in Knit Men's Suits for Ethiopia between 2021 and 2022 were United States ($233k), United Arab Emirates ($163k), and Turkey ($34.2k).

Latest Trends

Nov 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 Men's Suits. 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)$10.1M
IMPORTS (2022)$1.79M
NET TRADE (2022)$8.35M

In 2022, Ethiopia exported $10.1M in Knit Men's Suits. The main destinations of Ethiopia exports on Knit Men's Suits were United States ($7.91M), Canada ($776k), South Korea ($285k), Germany ($243k), and Italy ($214k).

In 2022, Ethiopia imported $1.79M in Knit Men's Suits, mainly from China ($566k), United States ($303k), Pakistan ($264k), United Arab Emirates ($260k), and Turkey ($230k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Men's Suits EXPORT MARKETS FOR Ethiopia WERE (2021 - 2022):
United States$398k (5.3%)
South Korea$259k (980%)
Italy$134k (167%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Men's Suits BY Ethiopia WERE (2021 - 2022):
Spain-$127k (-45.9%)
United Kingdom-$97.8k (-100%)
Kenya-$63.7k (-97.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Ethiopia's main exporting competitors in Knit Men's Suits were:
In 2022, Ethiopia's main importing competitors in Knit Men's Suits were:

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Trade Value of Knit Men's Suits by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $9.09M
TOP IMPORT POTENTIALChina+ $620k

Knit Men's Suits’s highest export potential is United States. With an export gap of $9.09M.   Knit Men's Suits’s highest import potential is China with an import gap of $620k.

See methodology.

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