2022
Exports
$665MWorld Rnk 21 / 226
Flag Rnk 4 / 1074
2022
PRODUCT COMPLEXITY IN Knit T-shirts
-1.34Rnk 921 / 1025
2022
Imports
$13.6MWorld Rnk 118 / 223
Flag Rnk 212 / 1171
2022
ECONOMIC COMPLEXITY of Sri Lanka
-0.35Rnk 82 / 133

About

Exports In 2022, Sri Lanka exported $665M in Knit T-shirts, making it the 21st largest exporter of Knit T-shirts in the world. At the same year, Knit T-shirts was the 4th most exported product in Sri Lanka. The main destination of Knit T-shirts exports from Sri Lanka are: United States ($241M), Canada ($75.8M), United Kingdom ($47.1M), Germany ($45.5M), and Italy ($43.5M).

The fastest growing export markets for Knit T-shirts of Sri Lanka between 2021 and 2022 were United States ($116M), Canada ($34.1M), and Italy ($14.2M).

Imports In 2022, Sri Lanka imported $13.6M in Knit T-shirts, becoming the 118th largest importer of Knit T-shirts in the world. At the same year, Knit T-shirts was the 212th most imported product in Sri Lanka. Sri Lanka imports Knit T-shirts primarily from: India ($6.81M), Bangladesh ($3.1M), Pakistan ($1.43M), China ($1.12M), and Japan ($252k).

The fastest growing import markets in Knit T-shirts for Sri Lanka between 2021 and 2022 were Pakistan ($565k), China ($248k), and United Kingdom ($161k).

COMPANIES In 2023, leading companies such as Guess Clothing (693), PVH (Phillips-Van Heusen Corporation) (266), and Gildan Activewear (131) were at the forefront of shipping Knit T-shirts 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 T-shirts. 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)$665M
IMPORTS (2022)$13.6M
NET TRADE (2022)$651M

In 2022, Sri Lanka exported $665M in Knit T-shirts. The main destinations of Sri Lanka exports on Knit T-shirts were United States ($241M), Canada ($75.8M), United Kingdom ($47.1M), Germany ($45.5M), and Italy ($43.5M).

In 2022, Sri Lanka imported $13.6M in Knit T-shirts, mainly from India ($6.81M), Bangladesh ($3.1M), Pakistan ($1.43M), China ($1.12M), and Japan ($252k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit T-shirts EXPORT MARKETS FOR Sri Lanka WERE (2021 - 2022):
United States$116M (92.2%)
Canada$34.1M (81.8%)
Italy$14.2M (48.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit T-shirts BY Sri Lanka WERE (2021 - 2022):
Netherlands-$9.64M (-20.2%)
China-$3.03M (-11.4%)
Poland-$1.43M (-64.2%)

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 T-shirts were:
In 2022, Sri Lanka's main importing competitors in Knit T-shirts were:

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Trade Value of Knit T-shirts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $45M
TOP IMPORT POTENTIALIndia+ $2.26M

Knit T-shirts’s highest export potential is United States. With an export gap of $45M.   Knit T-shirts’s highest import potential is India with an import gap of $2.26M.

See methodology.

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