Knit Sweaters in Spain | The Observatory of Economic Complexity

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Exports In 2022, Spain exported $1.9B in Knit Sweaters, making it the 9th largest exporter of Knit Sweaters in the world. At the same year, Knit Sweaters was the 29th most exported product in Spain. The main destination of Knit Sweaters exports from Spain are: France ($285M), Italy ($233M), Portugal ($193M), Poland ($140M), and Germany ($122M).

The fastest growing export markets for Knit Sweaters of Spain between 2021 and 2022 were Portugal ($30.1M), Turkey ($22.8M), and Mexico ($11.7M).

Imports In 2022, Spain imported $3.07B in Knit Sweaters, becoming the 6th largest importer of Knit Sweaters in the world. At the same year, Knit Sweaters was the 19th most imported product in Spain. Spain imports Knit Sweaters primarily from: China ($666M), Bangladesh ($634M), Turkey ($356M), Italy ($205M), and Pakistan ($196M).

The fastest growing import markets in Knit Sweaters for Spain between 2021 and 2022 were Bangladesh ($146M), Pakistan ($103M), and China ($87.1M).

COMPANIES In 2023, leading companies such as ASOS US SALES LLC (93) and NIKE USA INC (10) were at the forefront of shipping Knit Sweaters from Spain to the United States.

Latest Trends

February 2024

About

Overview In February 2024 Spain's Knit Sweaters exports accounted up to €127M and imports accounted up to €179M, resulting in a negative trade balance of €51.3M. Between February 2023 and February 2024 the exports of Spain's Knit Sweaters have increased by €23.4M (22.5%) from €104M to €127M, while imports increased by €37.8M (26.8%) from €141M to €179M.

Destinations In February 2024, Knit Sweaters were exported mostly to France (€22.4M), Italy (€17.5M), Germany (€13M), Portugal (€12.9M), and Poland (€12.7M), and were imported mostly from China (€47.6M), Bangladesh (€28.6M), Turkey (€28.4M), Pakistan (€12.8M), and Italy (€10.4M).

Growth In February 2024, the increase in Knit Sweaters's year-by-year exports was explained primarily by an increase in exports to Turkey (€4.19M or 121%), Portugal (€4M or 29.2%), and Italy (€2.75M or 15.1%). In February 2024, the increase in Knit Sweaters's year-by-year imports was explained primarily by an increase in imports from Bangladesh (€7.68M or 19.1%), Cambodia (€1.71M or 20.4%), and Vietnam (€1.45M or 63%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)€23.4M(22.5%)

IMPORT GROWTH (February 2023 - February 2024)€37.8M(26.8%)

MAIN EXPORTER (February 2024)A Coruña€74.5M

MAIN DESTINATION (February 2024)France€22.4M

This section shows Knit Sweaters'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 Sweaters over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$1.9B

IMPORTS (2022)$3.07B

NET TRADE (2022)-$1.18B

In 2022, Spain exported $1.9B in Knit Sweaters. The main destinations of Spain exports on Knit Sweaters were France ($285M), Italy ($233M), Portugal ($193M), Poland ($140M), and Germany ($122M).

In 2022, Spain imported $3.07B in Knit Sweaters, mainly from China ($666M), Bangladesh ($634M), Turkey ($356M), Italy ($205M), and Pakistan ($196M).

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