2022
Exports
$9.87MWorld Rnk 87 / 221
Flag Rnk 77 / 996
2022
PRODUCT COMPLEXITY IN Knit Sweaters
-1.3Rnk 909 / 1025
2022
Imports
$32.5MWorld Rnk 80 / 218
Flag Rnk 94 / 1152
2022
ECONOMIC COMPLEXITY of Georgia
0.036Rnk 64 / 133

About

Exports In 2022, Georgia exported $9.87M in Knit Sweaters, making it the 87th largest exporter of Knit Sweaters in the world. At the same year, Knit Sweaters was the 77th most exported product in Georgia. The main destination of Knit Sweaters exports from Georgia are: Turkey ($3.34M), Armenia ($2.22M), Switzerland ($530k), United Kingdom ($490k), and Chile ($429k).

The fastest growing export markets for Knit Sweaters of Georgia between 2021 and 2022 were Armenia ($1.61M), Turkey ($1.03M), and Chile ($429k).

Imports In 2022, Georgia imported $32.5M in Knit Sweaters, becoming the 80th largest importer of Knit Sweaters in the world. At the same year, Knit Sweaters was the 94th most imported product in Georgia. Georgia imports Knit Sweaters primarily from: Turkey ($17.2M), Spain ($3.55M), Italy ($2.45M), China ($2.36M), and Croatia ($1.07M).

The fastest growing import markets in Knit Sweaters for Georgia between 2021 and 2022 were Turkey ($5.74M), Spain ($988k), and China ($662k).

COMPANIES In 2023, leading companies such as Giorgio Armani (2) were at the forefront of shipping Knit Sweaters from Georgia to the United States.

Latest Trends

Jul 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 Knit Sweaters. 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)$9.87M
IMPORTS (2022)$32.5M
NET TRADE (2022)-$22.6M

In 2022, Georgia exported $9.87M in Knit Sweaters. The main destinations of Georgia exports on Knit Sweaters were Turkey ($3.34M), Armenia ($2.22M), Switzerland ($530k), United Kingdom ($490k), and Chile ($429k).

In 2022, Georgia imported $32.5M in Knit Sweaters, mainly from Turkey ($17.2M), Spain ($3.55M), Italy ($2.45M), China ($2.36M), and Croatia ($1.07M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Sweaters EXPORT MARKETS FOR Georgia WERE (2021 - 2022):
Armenia$1.61M (262%)
Turkey$1.03M (44.5%)
Chile$429k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Sweaters BY Georgia WERE (2021 - 2022):
United States-$2.35M (-87.2%)
Australia-$206k (-37.2%)
Austria-$193k (-93%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Georgia's main exporting competitors in Knit Sweaters were:
In 2022, Georgia's main importing competitors in Knit Sweaters were:

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Trade Value of Knit Sweaters by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $4.11M
TOP IMPORT POTENTIALChina+ $3.21M

Knit Sweaters’s highest export potential is United States. With an export gap of $4.11M.   Knit Sweaters’s highest import potential is China with an import gap of $3.21M.

See methodology.

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