2022
Exports
$535MWorld Rnk 23 / 221
Flag Rnk 2 / 944
2022
PRODUCT COMPLEXITY IN Knit Sweaters
-1.3Rnk 909 / 1025
2022
Imports
$93.3MWorld Rnk 60 / 218
Flag Rnk 34 / 1153
2022
ECONOMIC COMPLEXITY of El Salvador
-0.029Rnk 68 / 133

About

Exports In 2022, El Salvador exported $535M in Knit Sweaters, making it the 23rd largest exporter of Knit Sweaters in the world. At the same year, Knit Sweaters was the 2nd most exported product in El Salvador. The main destination of Knit Sweaters exports from El Salvador are: United States ($362M), Honduras ($114M), Nicaragua ($20.6M), Canada ($8.11M), and Guatemala ($5.43M).

The fastest growing export markets for Knit Sweaters of El Salvador between 2021 and 2022 were United States ($73.3M), Honduras ($14.7M), and Nicaragua ($6.18M).

Imports In 2022, El Salvador imported $93.3M in Knit Sweaters, becoming the 60th largest importer of Knit Sweaters in the world. At the same year, Knit Sweaters was the 34th most imported product in El Salvador. El Salvador imports Knit Sweaters primarily from: Honduras ($48.6M), India ($26.2M), Guatemala ($6.34M), United States ($6.22M), and China ($1.9M).

The fastest growing import markets in Knit Sweaters for El Salvador between 2021 and 2022 were Honduras ($23M), India ($19.7M), and United States ($5.6M).

COMPANIES In 2023, leading companies such as Adidas (1) were at the forefront of shipping Knit Sweaters from El Salvador to the United States.

Latest Trends

Sep 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)$535M
IMPORTS (2022)$93.3M
NET TRADE (2022)$442M

In 2022, El Salvador exported $535M in Knit Sweaters. The main destinations of El Salvador exports on Knit Sweaters were United States ($362M), Honduras ($114M), Nicaragua ($20.6M), Canada ($8.11M), and Guatemala ($5.43M).

In 2022, El Salvador imported $93.3M in Knit Sweaters, mainly from Honduras ($48.6M), India ($26.2M), Guatemala ($6.34M), United States ($6.22M), and China ($1.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Sweaters EXPORT MARKETS FOR El Salvador WERE (2021 - 2022):
United States$73.3M (25.3%)
Honduras$14.7M (14.8%)
Nicaragua$6.18M (42.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Sweaters BY El Salvador WERE (2021 - 2022):
Guatemala-$6.19M (-53.3%)
Japan-$844k (-53.7%)
Switzerland-$469k (-85.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, El Salvador's main exporting competitors in Knit Sweaters were:
In 2022, El Salvador'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+ $103M
TOP IMPORT POTENTIALHonduras+ $8.64M

Knit Sweaters’s highest export potential is United States. With an export gap of $103M.   Knit Sweaters’s highest import potential is Honduras with an import gap of $8.64M.

See methodology.

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