2022
Exports
$133MWorld Rnk 45 / 221
Flag Rnk 8 / 803
2022
PRODUCT COMPLEXITY IN Knit Sweaters
-1.3Rnk 909 / 1025
2022
Imports
$3.89MWorld Rnk 128 / 218
Flag Rnk 222 / 1117
2022
ECONOMIC COMPLEXITY of Madagascar
-1.08Rnk 115 / 133

About

Exports In 2022, Madagascar exported $133M in Knit Sweaters, making it the 45th largest exporter of Knit Sweaters in the world. At the same year, Knit Sweaters was the 8th most exported product in Madagascar. The main destination of Knit Sweaters exports from Madagascar are: United States ($42.6M), Germany ($21.2M), South Africa ($20.5M), United Kingdom ($14.8M), and France ($12.7M).

The fastest growing export markets for Knit Sweaters of Madagascar between 2021 and 2022 were United States ($7.43M), United Kingdom ($5.5M), and South Africa ($3.1M).

Imports In 2022, Madagascar imported $3.89M in Knit Sweaters, becoming the 128th largest importer of Knit Sweaters in the world. At the same year, Knit Sweaters was the 222nd most imported product in Madagascar. Madagascar imports Knit Sweaters primarily from: China ($3.56M), United Kingdom ($140k), Germany ($117k), France ($23.1k), and Switzerland ($11.2k).

The fastest growing import markets in Knit Sweaters for Madagascar between 2021 and 2022 were United Kingdom ($140k), Germany ($111k), and Switzerland ($11.2k).

COMPANIES In 2023, leading companies such as PVH (Phillips-Van Heusen Corporation) (4) were at the forefront of shipping Knit Sweaters from Madagascar 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 Sweaters. 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)$133M
IMPORTS (2022)$3.89M
NET TRADE (2022)$129M

In 2022, Madagascar exported $133M in Knit Sweaters. The main destinations of Madagascar exports on Knit Sweaters were United States ($42.6M), Germany ($21.2M), South Africa ($20.5M), United Kingdom ($14.8M), and France ($12.7M).

In 2022, Madagascar imported $3.89M in Knit Sweaters, mainly from China ($3.56M), United Kingdom ($140k), Germany ($117k), France ($23.1k), and Switzerland ($11.2k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Sweaters EXPORT MARKETS FOR Madagascar WERE (2021 - 2022):
United States$7.43M (21.1%)
United Kingdom$5.5M (59.2%)
South Africa$3.1M (17.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Sweaters BY Madagascar WERE (2021 - 2022):
Germany-$7.77M (-26.8%)
Belgium-$1.59M (-48.3%)
Netherlands-$1.24M (-25.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Madagascar's main exporting competitors in Knit Sweaters were:
In 2022, Madagascar's main importing competitors in Knit Sweaters were:

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Trade Value of Knit Sweaters by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $44.3M
TOP IMPORT POTENTIALChina+ $2.18M

Knit Sweaters’s highest export potential is United States. With an export gap of $44.3M.   Knit Sweaters’s highest import potential is China with an import gap of $2.18M.

See methodology.

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