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2022
Exports $778MWorld Rnk 4 / 203
Flag Rnk 176 / 1217
2022
Destination $26.1M Croatia
2021 - 2022
FASTEST GROWING MARKET $26.1MCroatia
2022
PRODUCT COMPLEXITY IN Knit Socks and Hosiery-0.71Rnk 761 / 1025
2022
Imports $517MWorld Rnk 8 / 218
Flag Rnk 232 / 1215
2022
Origin $14.3M Croatia
2021 - 2022
FASTEST GROWING ORIGIN $14.3MNetherlands
2022
ECONOMIC COMPLEXITY of Italy1.29Rnk 17 / 133

About

Exports In 2022, Italy exported $778M in Knit Socks and Hosiery, making it the 4th largest exporter of Knit Socks and Hosiery in the world. At the same year, Knit Socks and Hosiery was the 176th most exported product in Italy. The main destination of Knit Socks and Hosiery exports from Italy are: Croatia ($118M), France ($94.8M), Germany ($89.3M), Netherlands ($53.2M), and Spain ($47.3M).

The fastest growing export markets for Knit Socks and Hosiery of Italy between 2021 and 2022 were Croatia ($26.1M), Serbia ($10.1M), and Sweden ($9.95M).

Imports In 2022, Italy imported $517M in Knit Socks and Hosiery, becoming the 8th largest importer of Knit Socks and Hosiery in the world. At the same year, Knit Socks and Hosiery was the 232nd most imported product in Italy. Italy imports Knit Socks and Hosiery primarily from: Croatia ($80.5M), China ($70.9M), Serbia ($54M), Netherlands ($50.3M), and Turkey ($46.2M).

The fastest growing import markets in Knit Socks and Hosiery for Italy between 2021 and 2022 were Netherlands ($14.3M), China ($11.6M), and Belgium ($9.37M).

COMPANIES In 2023, leading companies such as Yokohama Industries (6) were at the forefront of shipping Knit Socks and Hosiery from Italy to the United States.

Latest Trends

March 2024

About

Overview In March 2024 Italy's Knit Socks and Hosiery exports accounted up to €45.2M and imports accounted up to €33.1M, resulting in a positive trade balance of €12M. Between March 2023 and March 2024 the exports of Italy's   Knit Socks and Hosiery have decreased by €-6.29M (-12.2%) from €51.5M to €45.2M, while imports decreased by €-1.15M (-3.34%) from €34.3M to €33.1M.

Destinations In March 2024, Knit Socks and Hosiery were exported mostly to Croatia (€11.7M), Germany (€7.36M), France (€4.25M), Netherlands (€3.44M), and Spain (€3.28M), and were imported mostly from China (€6.04M), Croatia (€5.59M), Serbia (€5.06M), Netherlands (€3.48M), and Belgium (€2.77M).

Growth In March 2024, the decrease in Knit Socks and Hosiery's year-by-year exports was explained primarily by a decrease in exports to Croatia (€-1.12M or -16.1%), Ukraine (€-367k or -71.4%), and Switzerland (€-314k or -15.6%). In March 2024, the decrease in Knit Socks and Hosiery's year-by-year imports was explained primarily by a decrease in imports from Greece (€-188k or -10.2%), Portugal (€-186k or -49.6%), and China (€-129k or -3.13%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (March 2023 - March 2024)€-6.29M(-12.2%)
IMPORT GROWTH (March 2023 - March 2024)€-1.15M(-3.34%)
MAIN DESTINATION (March 2024)Croatia€11.7M

This section shows Knit Socks and Hosiery's exports and imports data at subnational level for Italy. 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)$778M
IMPORTS (2022)$517M
NET TRADE (2022)$261M

In 2022, Italy exported $778M in Knit Socks and Hosiery. The main destinations of Italy exports on Knit Socks and Hosiery were Croatia ($118M), France ($94.8M), Germany ($89.3M), Netherlands ($53.2M), and Spain ($47.3M).

In 2022, Italy imported $517M in Knit Socks and Hosiery, mainly from Croatia ($80.5M), China ($70.9M), Serbia ($54M), Netherlands ($50.3M), and Turkey ($46.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Socks and Hosiery EXPORT MARKETS FOR Italy WERE (2021 - 2022):
Croatia$26.1M (28.3%)
Serbia$10.1M (67.7%)
Sweden$9.95M (67.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Socks and Hosiery BY Italy WERE (2021 - 2022):
Ukraine-$3.65M (-57.8%)
Russia-$1.79M (-19.6%)
Portugal-$819k (-12.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Italy's main exporting competitors in Knit Socks and Hosiery were:
China $7.01B
Turkey $1.38B
Germany $779M
In 2022, Italy'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 POTENTIALFrance+ $23.8M
TOP IMPORT POTENTIALChina+ $34.9M

Knit Socks and Hosiery’s highest export potential is France. With an export gap of $23.8M.   Knit Socks and Hosiery’s highest import potential is China with an import gap of $34.9M.

See methodology.

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