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2022
Exports $8.83MWorld Rnk 64 / 203
Flag Rnk 655 / 1198
2022
Destination $799k Singapore
2021 - 2022
FASTEST GROWING MARKET $799kIndia
2022
PRODUCT COMPLEXITY IN Knit Socks and Hosiery-0.71Rnk 761 / 1025
2022
Imports $115MWorld Rnk 31 / 218
Flag Rnk 334 / 1203
2022
Origin $17.5M China
2021 - 2022
FASTEST GROWING ORIGIN $17.5MChina
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $8.83M in Knit Socks and Hosiery, making it the 64th largest exporter of Knit Socks and Hosiery in the world. At the same year, Knit Socks and Hosiery was the 655th most exported product in Malaysia. The main destination of Knit Socks and Hosiery exports from Malaysia are: Singapore ($2.34M), United States ($1.18M), India ($940k), Turkey ($664k), and United Arab Emirates ($589k).

The fastest growing export markets for Knit Socks and Hosiery of Malaysia between 2021 and 2022 were India ($799k), Singapore ($786k), and Sweden ($233k).

Imports In 2022, Malaysia imported $115M in Knit Socks and Hosiery, becoming the 31st largest importer of Knit Socks and Hosiery in the world. At the same year, Knit Socks and Hosiery was the 334th most imported product in Malaysia. Malaysia imports Knit Socks and Hosiery primarily from: China ($96.1M), Japan ($2.79M), Vietnam ($2.4M), Singapore ($2.26M), and Pakistan ($2.21M).

The fastest growing import markets in Knit Socks and Hosiery for Malaysia between 2021 and 2022 were China ($17.5M), Vietnam ($1.49M), and Pakistan ($1.18M).

COMPANIES In 2023, leading companies such as Bridgestone Tires (4) were at the forefront of shipping Knit Socks and Hosiery from Malaysia to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Malaysia's Knit Socks and Hosiery exports accounted up to MYR6.53M and imports accounted up to MYR22M, resulting in a negative trade balance of MYR15.4M. Between June 2023 and June 2024 the exports of Malaysia's   Knit Socks and Hosiery have increased by MYR3.51M (116%) from MYR3.02M to MYR6.53M, while imports increased by MYR3.76M (20.6%) from MYR18.2M to MYR22M.

Destinations In June 2024, Knit Socks and Hosiery were exported mostly to United States (MYR2.48M), Australia (MYR1.78M), Singapore (MYR824k), India (MYR258k), and Vietnam (MYR191k), and were imported mostly from China (MYR12.9M), Vietnam (MYR5.32M), Thailand (MYR649k), Singapore (MYR512k), and Japan (MYR395k).

Growth In June 2024, the increase in Knit Socks and Hosiery's year-by-year exports was explained primarily by an increase in exports to Singapore (MYR1.12M or 259%), Australia (MYR230k or 118%), and United Arab Emirates (MYR229k or 74.3%). In June 2024, the increase in Knit Socks and Hosiery's year-by-year imports was explained primarily by an increase in imports from Vietnam (MYR2.28M or 802%), Pakistan (MYR2.1M or 3.74k%), and China (MYR1.49M or 18.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)MYR3.51M(116%)
IMPORT GROWTH (June 2023 - June 2024)MYR3.76M(20.6%)
MAIN DESTINATION (June 2024)United StatesMYR2.48M

This section shows Knit Socks and Hosiery's exports and imports data at subnational level for Malaysia. 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 Socks and Hosiery over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$8.83M
IMPORTS (2022)$115M
NET TRADE (2022)-$106M

In 2022, Malaysia exported $8.83M in Knit Socks and Hosiery. The main destinations of Malaysia exports on Knit Socks and Hosiery were Singapore ($2.34M), United States ($1.18M), India ($940k), Turkey ($664k), and United Arab Emirates ($589k).

In 2022, Malaysia imported $115M in Knit Socks and Hosiery, mainly from China ($96.1M), Japan ($2.79M), Vietnam ($2.4M), Singapore ($2.26M), and Pakistan ($2.21M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Socks and Hosiery EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
India$799k (567%)
Singapore$786k (50.5%)
Sweden$233k (855%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Socks and Hosiery BY Malaysia WERE (2021 - 2022):
United States-$1.65M (-58.2%)
Brazil-$292k (-100%)
Israel-$223k (-40.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Knit Socks and Hosiery were:
China $7.01B
Turkey $1.38B
Germany $779M
In 2022, Malaysia's main importing competitors in Knit Socks and Hosiery were:
United States $2.93B
Germany $1.51B
Japan $866M

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Trade Value of Knit Socks and Hosiery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.33M
TOP IMPORT POTENTIALChina+ $9.58M

Knit Socks and Hosiery’s highest export potential is United States. With an export gap of $1.33M.   Knit Socks and Hosiery’s highest import potential is China with an import gap of $9.58M.

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