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2022
Exports $77.4MWorld Rnk 18 / 190
Flag Rnk 545 / 1214
2022
Destination $4.8M France
2021 - 2022
FASTEST GROWING MARKET $4.8MPortugal
2022
PRODUCT COMPLEXITY IN Knit Men's Undergarments-1.37Rnk 926 / 1025
2022
Imports $289MWorld Rnk 9 / 217
Flag Rnk 291 / 1214
2022
Origin $18.3M Bangladesh
2021 - 2022
FASTEST GROWING ORIGIN $18.3MBangladesh
2022
ECONOMIC COMPLEXITY of Spain0.81Rnk 33 / 133

About

Exports In 2022, Spain exported $77.4M in Knit Men's Undergarments, making it the 18th largest exporter of Knit Men's Undergarments in the world. At the same year, Knit Men's Undergarments was the 545th most exported product in Spain. The main destination of Knit Men's Undergarments exports from Spain are: France ($18.4M), Portugal ($18.3M), Italy ($12.5M), Germany ($3.7M), and Netherlands ($2.51M).

The fastest growing export markets for Knit Men's Undergarments of Spain between 2021 and 2022 were Portugal ($4.8M), Italy ($3.4M), and Austria ($806k).

Imports In 2022, Spain imported $289M in Knit Men's Undergarments, becoming the 9th largest importer of Knit Men's Undergarments in the world. At the same year, Knit Men's Undergarments was the 291st most imported product in Spain. Spain imports Knit Men's Undergarments primarily from: Bangladesh ($74.4M), China ($61.2M), Netherlands ($30.9M), France ($17.4M), and Italy ($17.3M).

The fastest growing import markets in Knit Men's Undergarments for Spain between 2021 and 2022 were Bangladesh ($18.3M), Cambodia ($4.23M), and Pakistan ($3.95M).

COMPANIES In 2023, leading companies such as ASOS (12) and Gildan Activewear (7) were at the forefront of shipping Knit Men's Undergarments from Spain to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Spain's Knit Men's Undergarments exports accounted up to €4.84M and imports accounted up to €13.3M, resulting in a negative trade balance of €8.42M. Between June 2023 and June 2024 the exports of Spain's   Knit Men's Undergarments have decreased by €-687k (-12.4%) from €5.53M to €4.84M, while imports decreased by €-3.83M (-22.4%) from €17.1M to €13.3M.

Destinations In June 2024, Knit Men's Undergarments were exported mostly to France (€1.16M), Portugal (€1.05M), Italy (€812k), Germany (€425k), and Poland (€255k), and were imported mostly from Bangladesh (€3.38M), China (€2.56M), Netherlands (€1.4M), Sri Lanka (€1.03M), and India (€718k).

Growth In June 2024, the decrease in Knit Men's Undergarments's year-by-year exports was explained primarily by a decrease in exports to Poland (€-202k or -54.7%), United Kingdom (€-59.8k or -44.7%), and Germany (€-56.5k or -16.1%). In June 2024, the decrease in Knit Men's Undergarments's year-by-year imports was explained primarily by a decrease in imports from Bangladesh (€-921k or -21.7%), Sri Lanka (€-728k or -38.5%), and China (€-398k or -10.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)€-687k(-12.4%)
IMPORT GROWTH (June 2023 - June 2024)€-3.83M(-22.4%)
MAIN EXPORTER (June 2024)Madrid€1.67M
MAIN DESTINATION (June 2024)France€1.16M

This section shows Knit Men's Undergarments'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 Undergarments over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$77.4M
IMPORTS (2022)$289M
NET TRADE (2022)-$211M

In 2022, Spain exported $77.4M in Knit Men's Undergarments. The main destinations of Spain exports on Knit Men's Undergarments were France ($18.4M), Portugal ($18.3M), Italy ($12.5M), Germany ($3.7M), and Netherlands ($2.51M).

In 2022, Spain imported $289M in Knit Men's Undergarments, mainly from Bangladesh ($74.4M), China ($61.2M), Netherlands ($30.9M), France ($17.4M), and Italy ($17.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Men's Undergarments EXPORT MARKETS FOR Spain WERE (2021 - 2022):
Portugal$4.8M (35.6%)
Italy$3.4M (37.4%)
Austria$806k (293%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Men's Undergarments BY Spain WERE (2021 - 2022):
Denmark-$1.05M (-73.6%)
Poland-$926k (-28%)
China-$783k (-73.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Spain's main exporting competitors in Knit Men's Undergarments were:
China $3.23B
Bangladesh $1.2B
Vietnam $715M
In 2022, Spain's main importing competitors in Knit Men's Undergarments were:
United States $2.31B
Germany $772M
United Kingdom $503M

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Trade Value of Knit Men's Undergarments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $4.74M
TOP IMPORT POTENTIALBangladesh+ $13M

Knit Men's Undergarments’s highest export potential is France. With an export gap of $4.74M.   Knit Men's Undergarments’s highest import potential is Bangladesh with an import gap of $13M.

See methodology.

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