Knit Sweaters in South Africa | The Observatory of Economic Complexity

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Exports In 2022, South Africa exported $17.9M in Knit Sweaters, making it the 80th largest exporter of Knit Sweaters in the world. At the same year, Knit Sweaters was the 434th most exported product in South Africa. The main destination of Knit Sweaters exports from South Africa are: Namibia ($4.94M), Botswana ($3.64M), United Arab Emirates ($2.77M), Lesotho ($2.02M), and Eswatini ($1.76M).

The fastest growing export markets for Knit Sweaters of South Africa between 2021 and 2022 were United Arab Emirates ($2.76M), Germany ($130k), and Eswatini ($103k).

Imports In 2022, South Africa imported $173M in Knit Sweaters, becoming the 46th largest importer of Knit Sweaters in the world. At the same year, Knit Sweaters was the 126th most imported product in South Africa. South Africa imports Knit Sweaters primarily from: China ($84.1M), Bangladesh ($23.4M), Madagascar ($20.5M), Mauritius ($10.2M), and Italy ($4.25M).

The fastest growing import markets in Knit Sweaters for South Africa between 2021 and 2022 were Madagascar ($3.1M), Bangladesh ($3.09M), and China ($2.36M).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Knit Sweaters from South Africa to the United States.

Latest Trends

January 2024

About

Overview In January 2024 South Africa's Knit Sweaters exports accounted up to ZAR6.39M and imports accounted up to ZAR217M, resulting in a negative trade balance of ZAR211M. Between January 2023 and January 2024 the exports of South Africa's Knit Sweaters have decreased by ZAR-2.77M (-30.3%) from ZAR9.16M to ZAR6.39M, while imports decreased by ZAR-211M (-49.3%) from ZAR428M to ZAR217M.

Destinations In January 2024, Knit Sweaters were exported mostly to Namibia (ZAR2.21M), Lesotho (ZAR1.38M), Eswatini (ZAR1.07M), Botswana (ZAR831k), and Italy (ZAR364k), and were imported mostly from China (ZAR91.9M), Madagascar (ZAR42.8M), Bangladesh (ZAR20.4M), Mauritius (ZAR11.9M), and Vietnam (ZAR9.16M).

Growth In January 2024, the decrease in Knit Sweaters's year-by-year exports was explained primarily by a decrease in exports to United States (ZAR-239k or -95.3%), Kenya (ZAR-110k or -49%), and United Arab Emirates (ZAR-20.1k or -89.1%). In January 2024, the decrease in Knit Sweaters's year-by-year imports was explained primarily by a decrease in imports from Eswatini (ZAR-860k or -14.4%), Portugal (ZAR-487k or -34.1%), and Thailand (ZAR-443k or -69.9%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)ZAR-2.77M(-30.3%)

IMPORT GROWTH (January 2023 - January 2024)ZAR-211M(-49.3%)

MAIN EXPORTER (January 2024)SkilpadsnekZAR1.44M

MAIN DESTINATION (January 2024)NamibiaZAR2.21M

This section shows Knit Sweaters's exports and imports data at subnational level for South Africa. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Knit Sweaters over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$17.9M

IMPORTS (2022)$173M

NET TRADE (2022)-$155M

In 2022, South Africa exported $17.9M in Knit Sweaters. The main destinations of South Africa exports on Knit Sweaters were Namibia ($4.94M), Botswana ($3.64M), United Arab Emirates ($2.77M), Lesotho ($2.02M), and Eswatini ($1.76M).

In 2022, South Africa imported $173M in Knit Sweaters, mainly from China ($84.1M), Bangladesh ($23.4M), Madagascar ($20.5M), Mauritius ($10.2M), and Italy ($4.25M).

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