2022
Exports
$36.3MWorld Rnk 25 / 208
Flag Rnk 69 / 1074
2022
PRODUCT COMPLEXITY IN Knitted Hats
-1.26Rnk 897 / 1025
2022
Imports
$1.46MWorld Rnk 121 / 220
Flag Rnk 612 / 1171
2022
ECONOMIC COMPLEXITY of Sri Lanka
-0.35Rnk 82 / 133

About

Exports In 2022, Sri Lanka exported $36.3M in Knitted Hats, making it the 25th largest exporter of Knitted Hats in the world. At the same year, Knitted Hats was the 69th most exported product in Sri Lanka. The main destination of Knitted Hats exports from Sri Lanka are: United States ($9.14M), Ireland ($6.6M), Germany ($4.9M), Australia ($2.84M), and South Korea ($1.67M).

The fastest growing export markets for Knitted Hats of Sri Lanka between 2021 and 2022 were Germany ($1.83M), Ireland ($1.82M), and United States ($1.35M).

Imports In 2022, Sri Lanka imported $1.46M in Knitted Hats, becoming the 121st largest importer of Knitted Hats in the world. At the same year, Knitted Hats was the 612th most imported product in Sri Lanka. Sri Lanka imports Knitted Hats primarily from: Bangladesh ($680k), China ($533k), Indonesia ($91.9k), India ($41.8k), and United Kingdom ($23.2k).

The fastest growing import markets in Knitted Hats for Sri Lanka between 2021 and 2022 were Bangladesh ($663k), China ($92.4k), and Indonesia ($40.3k).

COMPANIES In 2023, leading companies such as David Peyser Sportswear (3) and H&M Clothing (1) were at the forefront of shipping Knitted Hats 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 Knitted Hats. 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)$36.3M
IMPORTS (2022)$1.46M
NET TRADE (2022)$34.9M

In 2022, Sri Lanka exported $36.3M in Knitted Hats. The main destinations of Sri Lanka exports on Knitted Hats were United States ($9.14M), Ireland ($6.6M), Germany ($4.9M), Australia ($2.84M), and South Korea ($1.67M).

In 2022, Sri Lanka imported $1.46M in Knitted Hats, mainly from Bangladesh ($680k), China ($533k), Indonesia ($91.9k), India ($41.8k), and United Kingdom ($23.2k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knitted Hats EXPORT MARKETS FOR Sri Lanka WERE (2021 - 2022):
Germany$1.83M (59.8%)
Ireland$1.82M (38.1%)
United States$1.35M (17.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knitted Hats BY Sri Lanka WERE (2021 - 2022):
France-$698k (-56.3%)
Poland-$180k (-41.3%)
Estonia-$87.1k (-34.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Sri Lanka's main exporting competitors in Knitted Hats were:
In 2022, Sri Lanka's main importing competitors in Knitted Hats were:

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Trade Value of Knitted Hats by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $5.98M
TOP IMPORT POTENTIALChina+ $681k

Knitted Hats’s highest export potential is United States. With an export gap of $5.98M.   Knitted Hats’s highest import potential is China with an import gap of $681k.

See methodology.

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