2022
Exports
$215kWorld Rnk 71 / 160
Flag Rnk 562 / 1074
2022
PRODUCT COMPLEXITY IN Knitting Machine Accessories
1.56Rnk 40 / 1025
2022
Imports
$13.1MWorld Rnk 45 / 202
Flag Rnk 214 / 1171
2022
ECONOMIC COMPLEXITY of Sri Lanka
-0.35Rnk 82 / 133

About

Exports In 2022, Sri Lanka exported $215k in Knitting Machine Accessories, making it the 71st largest exporter of Knitting Machine Accessories in the world. At the same year, Knitting Machine Accessories was the 562nd most exported product in Sri Lanka. The main destination of Knitting Machine Accessories exports from Sri Lanka are: Dominican Republic ($60.7k), Germany ($57.1k), United States ($32.6k), Italy ($16.1k), and India ($14.3k).

The fastest growing export markets for Knitting Machine Accessories of Sri Lanka between 2021 and 2022 were Dominican Republic ($38.4k), Germany ($31.4k), and Singapore ($9.15k).

Imports In 2022, Sri Lanka imported $13.1M in Knitting Machine Accessories, becoming the 45th largest importer of Knitting Machine Accessories in the world. At the same year, Knitting Machine Accessories was the 214th most imported product in Sri Lanka. Sri Lanka imports Knitting Machine Accessories primarily from: Germany ($4.77M), China ($2.99M), Italy ($1.7M), Japan ($1.02M), and Hong Kong ($611k).

The fastest growing import markets in Knitting Machine Accessories for Sri Lanka between 2021 and 2022 were Germany ($517k), Italy ($287k), and United States ($180k).

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 Knitting Machine Accessories. 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)$215k
IMPORTS (2022)$13.1M
NET TRADE (2022)-$12.9M

In 2022, Sri Lanka exported $215k in Knitting Machine Accessories. The main destinations of Sri Lanka exports on Knitting Machine Accessories were Dominican Republic ($60.7k), Germany ($57.1k), United States ($32.6k), Italy ($16.1k), and India ($14.3k).

In 2022, Sri Lanka imported $13.1M in Knitting Machine Accessories, mainly from Germany ($4.77M), China ($2.99M), Italy ($1.7M), Japan ($1.02M), and Hong Kong ($611k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knitting Machine Accessories EXPORT MARKETS FOR Sri Lanka WERE (2021 - 2022):
Dominican Republic$38.4k (173%)
Germany$31.4k (122%)
Singapore$9.15k (2.04k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knitting Machine Accessories BY Sri Lanka WERE (2021 - 2022):
India-$183k (-92.8%)
Indonesia-$130k (-99.8%)
Vietnam-$94.7k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Sri Lanka's main exporting competitors in Knitting Machine Accessories were:
In 2022, Sri Lanka's main importing competitors in Knitting Machine Accessories were:

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Trade Value of Knitting Machine Accessories by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $97.4k
TOP IMPORT POTENTIALChina+ $920k

Knitting Machine Accessories’s highest export potential is India. With an export gap of $97.4k.   Knitting Machine Accessories’s highest import potential is China with an import gap of $920k.

See methodology.

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