Knit Men's Suits in Spain | The Observatory of Economic Complexity

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Exports In 2022, Spain exported $263M in Knit Men's Suits, making it the 13th largest exporter of Knit Men's Suits in the world. At the same year, Knit Men's Suits was the 282nd most exported product in Spain. The main destination of Knit Men's Suits exports from Spain are: France ($31.3M), Italy ($31.3M), Portugal ($25.8M), Germany ($14.4M), and Poland ($14.1M).

The fastest growing export markets for Knit Men's Suits of Spain between 2021 and 2022 were Netherlands ($2.02M), Andorra ($942k), and Saudi Arabia ($677k).

Imports In 2022, Spain imported $546M in Knit Men's Suits, becoming the 7th largest importer of Knit Men's Suits in the world. At the same year, Knit Men's Suits was the 170th most imported product in Spain. Spain imports Knit Men's Suits primarily from: Pakistan ($96.3M), China ($82.3M), Bangladesh ($70.8M), Turkey ($64.8M), and Italy ($37.2M).

The fastest growing import markets in Knit Men's Suits for Spain between 2021 and 2022 were Pakistan ($35.7M), Belgium ($13.7M), and Bangladesh ($12M).

COMPANIES In 2023, leading companies such as ASOS US SALES LLC (24) were at the forefront of shipping Knit Men's Suits from Spain to the United States.

Latest Trends

February 2024

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Overview In February 2024 Spain's Knit Men's Suits exports accounted up to €10.9M and imports accounted up to €27M, resulting in a negative trade balance of €16.1M. Between February 2023 and February 2024 the exports of Spain's Knit Men's Suits have decreased by €-1.66M (-13.3%) from €12.5M to €10.9M, while imports decreased by €-4.86M (-15.3%) from €31.8M to €27M.

Destinations In February 2024, Knit Men's Suits were exported mostly to Italy (€2.13M), Portugal (€1.5M), France (€1.33M), Germany (€1.3M), and Poland (€796k), and were imported mostly from Pakistan (€5.86M), Bangladesh (€4.01M), China (€3.78M), Cambodia (€2.01M), and Italy (€1.88M).

Growth In February 2024, the decrease in Knit Men's Suits's year-by-year exports was explained primarily by a decrease in exports to France (€-755k or -29.7%), Russia (€-500k or -89.7%), and China (€-359k or -77.4%). In February 2024, the decrease in Knit Men's Suits's year-by-year imports was explained primarily by a decrease in imports from Turkey (€-2.21M or -38.7%), Portugal (€-629k or -41%), and China (€-610k or -9.4%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)€-1.66M(-13.3%)

IMPORT GROWTH (February 2023 - February 2024)€-4.86M(-15.3%)

MAIN EXPORTER (February 2024)A Coruña€4.72M

MAIN DESTINATION (February 2024)Italy€2.13M

This section shows Knit Men's Suits's exports and imports data at subnational level for Spain. 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 Men's Suits over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$263M

IMPORTS (2022)$546M

NET TRADE (2022)-$284M

In 2022, Spain exported $263M in Knit Men's Suits. The main destinations of Spain exports on Knit Men's Suits were France ($31.3M), Italy ($31.3M), Portugal ($25.8M), Germany ($14.4M), and Poland ($14.1M).

In 2022, Spain imported $546M in Knit Men's Suits, mainly from Pakistan ($96.3M), China ($82.3M), Bangladesh ($70.8M), Turkey ($64.8M), and Italy ($37.2M).

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