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2022
Exports $180MWorld Rnk 17 / 207
Flag Rnk 22 / 1074
2022
Destination $13M United States
2021 - 2022
FASTEST GROWING MARKET $13MBelgium
2022
PRODUCT COMPLEXITY IN Knit Men's Suits-1.32Rnk 915 / 1025
2022
Imports $3.52MWorld Rnk 133 / 221
Flag Rnk 452 / 1171
2022
Origin $170k India
2021 - 2022
FASTEST GROWING ORIGIN $170kIndia
2022
ECONOMIC COMPLEXITY of Sri Lanka-0.35Rnk 82 / 133

About

Exports In 2022, Sri Lanka exported $180M in Knit Men's Suits, making it the 17th largest exporter of Knit Men's Suits in the world. At the same year, Knit Men's Suits was the 22nd most exported product in Sri Lanka. The main destination of Knit Men's Suits exports from Sri Lanka are: United States ($61.6M), United Kingdom ($23.5M), Belgium ($18.6M), Netherlands ($14M), and Canada ($13M).

The fastest growing export markets for Knit Men's Suits of Sri Lanka between 2021 and 2022 were Belgium ($13M), Canada ($10.8M), and United Kingdom ($4.23M).

Imports In 2022, Sri Lanka imported $3.52M in Knit Men's Suits, becoming the 133rd largest importer of Knit Men's Suits in the world. At the same year, Knit Men's Suits was the 452nd most imported product in Sri Lanka. Sri Lanka imports Knit Men's Suits primarily from: India ($849k), Bangladesh ($826k), Pakistan ($713k), China ($623k), and Japan ($140k).

The fastest growing import markets in Knit Men's Suits for Sri Lanka between 2021 and 2022 were India ($170k), Vietnam ($96.6k), and United Kingdom ($47.1k).

COMPANIES In 2023, leading companies such as Michael Kors (17), Mystic Apparel (12), and Gap (8) were at the forefront of shipping Knit Men's Suits 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 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)$180M
IMPORTS (2022)$3.52M
NET TRADE (2022)$176M

In 2022, Sri Lanka exported $180M in Knit Men's Suits. The main destinations of Sri Lanka exports on Knit Men's Suits were United States ($61.6M), United Kingdom ($23.5M), Belgium ($18.6M), Netherlands ($14M), and Canada ($13M).

In 2022, Sri Lanka imported $3.52M in Knit Men's Suits, mainly from India ($849k), Bangladesh ($826k), Pakistan ($713k), China ($623k), and Japan ($140k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Men's Suits EXPORT MARKETS FOR Sri Lanka WERE (2021 - 2022):
Belgium$13M (235%)
Canada$10.8M (489%)
United Kingdom$4.23M (22%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Men's Suits BY Sri Lanka WERE (2021 - 2022):
Netherlands-$2.67M (-16%)
India-$2.06M (-62%)
United States-$1.08M (-1.73%)
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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 Men's Suits were:
China $4.9B
Bangladesh $1.43B
Vietnam $1.42B
In 2022, Sri Lanka's main importing competitors in Knit Men's Suits were:
United States $3.65B
Germany $921M
United Kingdom $799M

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Trade Value of Knit Men's Suits by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $15.9M
TOP IMPORT POTENTIALChina+ $1.05M

Knit Men's Suits’s highest export potential is United States. With an export gap of $15.9M.   Knit Men's Suits’s highest import potential is China with an import gap of $1.05M.

See methodology.

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