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2022
Exports $7.1kWorld Rnk 182 / 221
Flag Rnk 118 / 317
2022
Destination $2.81k New Zealand
2021 - 2022
FASTEST GROWING MARKET $2.81kNew Zealand
2022
PRODUCT COMPLEXITY IN Knit Sweaters-1.3Rnk 909 / 1025
2022
Imports $872kWorld Rnk 154 / 218
Flag Rnk 323 / 952
2022
Origin $315k China
2021 - 2022
FASTEST GROWING ORIGIN $315kChina

About

Exports In 2022, Somalia exported $7.1k in Knit Sweaters, making it the 182nd largest exporter of Knit Sweaters in the world. At the same year, Knit Sweaters was the 118th most exported product in Somalia. The main destination of Knit Sweaters exports from Somalia are: New Zealand ($2.81k), United Kingdom ($2.18k), Poland ($2.11k), and Kenya ($10).

The fastest growing export markets for Knit Sweaters of Somalia between 2021 and 2022 were New Zealand ($2.81k), United Kingdom ($2.18k), and Poland ($2.11k).

Imports In 2022, Somalia imported $872k in Knit Sweaters, becoming the 154th largest importer of Knit Sweaters in the world. At the same year, Knit Sweaters was the 323rd most imported product in Somalia. Somalia imports Knit Sweaters primarily from: China ($708k), Turkey ($156k), United Arab Emirates ($8.05k), India ($92), and Thailand ($23).

The fastest growing import markets in Knit Sweaters for Somalia between 2021 and 2022 were China ($315k) and India ($92).

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)$7.1k
IMPORTS (2022)$872k
NET TRADE (2022)-$865k

In 2022, Somalia exported $7.1k in Knit Sweaters. The main destinations of Somalia exports on Knit Sweaters were New Zealand ($2.81k), United Kingdom ($2.18k), Poland ($2.11k), and Kenya ($10).

In 2022, Somalia imported $872k in Knit Sweaters, mainly from China ($708k), Turkey ($156k), United Arab Emirates ($8.05k), India ($92), and Thailand ($23).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Sweaters EXPORT MARKETS FOR Somalia WERE (2021 - 2022):
New Zealand$2.81k (1%)
United Kingdom$2.18k (1%)
Poland$2.11k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Sweaters BY Somalia WERE (2021 - 2022):
Namibia-$135 (-100%)
Ireland-$105 (-100%)
Belgium-$1 (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Somalia's main exporting competitors in Knit Sweaters were:
China $20.4B
Bangladesh $8.02B
Vietnam $4.83B
In 2022, Somalia's main importing competitors in Knit Sweaters were:
United States $15.9B
Germany $7.28B
Japan $4.37B

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Trade Value of Knit Sweaters by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Kingdom+ $8.97k
TOP IMPORT POTENTIALChina+ $594k

Knit Sweaters’s highest export potential is United Kingdom. With an export gap of $8.97k.   Knit Sweaters’s highest import potential is China with an import gap of $594k.

See methodology.

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