2022
Exports
$694MWorld Rnk 19 / 221
Flag Rnk 23 / 1216
2022
PRODUCT COMPLEXITY IN Knit Sweaters
-1.3Rnk 909 / 1025
2022
Imports
$382MWorld Rnk 32 / 218
Flag Rnk 56 / 1216
2022
ECONOMIC COMPLEXITY of Portugal
0.57Rnk 42 / 133

About

Exports In 2022, Portugal exported $694M in Knit Sweaters, making it the 19th largest exporter of Knit Sweaters in the world. At the same year, Knit Sweaters was the 23rd most exported product in Portugal. The main destination of Knit Sweaters exports from Portugal are: France ($137M), Spain ($127M), United States ($75.5M), Italy ($70.8M), and United Kingdom ($59.7M).

The fastest growing export markets for Knit Sweaters of Portugal between 2021 and 2022 were France ($28.1M), United Kingdom ($27.8M), and South Korea ($14.3M).

Imports In 2022, Portugal imported $382M in Knit Sweaters, becoming the 32nd largest importer of Knit Sweaters in the world. At the same year, Knit Sweaters was the 56th most imported product in Portugal. Portugal imports Knit Sweaters primarily from: Spain ($193M), Italy ($38.2M), France ($29.8M), China ($28.3M), and Bangladesh ($24.2M).

The fastest growing import markets in Knit Sweaters for Portugal between 2021 and 2022 were Spain ($30.1M), Bangladesh ($9.1M), and China ($8.94M).

COMPANIES In 2023, leading companies such as Athleta (50), Gap (6), and Banana Republic (2) were at the forefront of shipping Knit Sweaters from Portugal 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)$694M
IMPORTS (2022)$382M
NET TRADE (2022)$311M

In 2022, Portugal exported $694M in Knit Sweaters. The main destinations of Portugal exports on Knit Sweaters were France ($137M), Spain ($127M), United States ($75.5M), Italy ($70.8M), and United Kingdom ($59.7M).

In 2022, Portugal imported $382M in Knit Sweaters, mainly from Spain ($193M), Italy ($38.2M), France ($29.8M), China ($28.3M), and Bangladesh ($24.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Sweaters EXPORT MARKETS FOR Portugal WERE (2021 - 2022):
France$28.1M (25.7%)
United Kingdom$27.8M (86.9%)
South Korea$14.3M (265%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Sweaters BY Portugal WERE (2021 - 2022):
Spain-$27.5M (-17.9%)
Italy-$9.27M (-11.6%)
Canada-$4.89M (-47.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Portugal's main exporting competitors in Knit Sweaters were:
In 2022, Portugal'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+ $47.5M
TOP IMPORT POTENTIALChina+ $22.1M

Knit Sweaters’s highest export potential is United States. With an export gap of $47.5M.   Knit Sweaters’s highest import potential is China with an import gap of $22.1M.

See methodology.

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