Knit Socks and Hosiery in Japan | The Observatory of Economic Complexity

About

Exports In 2022, Japan exported $23.3M in Knit Socks and Hosiery, making it the 48th largest exporter of Knit Socks and Hosiery in the world. At the same year, Knit Socks and Hosiery was the 666th most exported product in Japan. The main destination of Knit Socks and Hosiery exports from Japan are: China ($6.61M), Malaysia ($2.79M), United States ($2.66M), United Kingdom ($2.29M), and Hong Kong ($1.77M).

The fastest growing export markets for Knit Socks and Hosiery of Japan between 2021 and 2022 were United Kingdom ($647k), United States ($628k), and Netherlands ($152k).

Imports In 2022, Japan imported $866M in Knit Socks and Hosiery, becoming the 3rd largest importer of Knit Socks and Hosiery in the world. At the same year, Knit Socks and Hosiery was the 151st most imported product in Japan. Japan imports Knit Socks and Hosiery primarily from: China ($619M), Vietnam ($86.6M), Thailand ($69.9M), Philippines ($21.9M), and Indonesia ($10.5M).

The fastest growing import markets in Knit Socks and Hosiery for Japan between 2021 and 2022 were China ($51.8M), Vietnam ($26.8M), and Philippines ($12.9M).

COMPANIES In 2023, leading companies such as Yokohama Industries (8) were at the forefront of shipping Knit Socks and Hosiery from Japan to the United States.

Latest Trends

March 2024

About

Overview In March 2024 Japan's Knit Socks and Hosiery exports accounted up to ¥298M and imports accounted up to ¥8.51B, resulting in a negative trade balance of ¥8.21B. Between March 2023 and March 2024 the exports of Japan's Knit Socks and Hosiery have increased by ¥96M (47.5%) from ¥202M to ¥298M, while imports decreased by ¥-1.21B (-12.4%) from ¥9.72B to ¥8.51B.

Destinations In March 2024, Knit Socks and Hosiery were exported mostly to China (¥71.7M), Malaysia (¥58.9M), United Kingdom (¥48M), Hong Kong (¥43.6M), and United States (¥16.6M), and were imported mostly from China (¥5.97B), Thailand (¥972M), Vietnam (¥835M), Philippines (¥180M), and Cambodia (¥109M).

Growth In March 2024, the increase in Knit Socks and Hosiery's year-by-year exports was explained primarily by an increase in exports to Hong Kong (¥116M or 2.24k%), United Kingdom (¥3.63M or 19.1%), and Chinese Taipei (¥3.1M or 63%). In March 2024, the decrease in Knit Socks and Hosiery's year-by-year imports was explained primarily by a decrease in imports from Sri Lanka (¥-36M or -69.9%), United States (¥-30.2M or -48.5%), and Germany (¥-23.4M or -57.1%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - March 2024)¥96M(47.5%)

IMPORT GROWTH (March 2023 - March 2024)¥-1.21B(-12.4%)

MAIN EXPORTER (March 2024)Osaka¥145M

MAIN DESTINATION (March 2024)China¥71.7M

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