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2022
Exports $23.3MWorld Rnk 48 / 203
Flag Rnk 666 / 1213
2022
Destination $647k China
2021 - 2022
FASTEST GROWING MARKET $647kUnited Kingdom
2022
PRODUCT COMPLEXITY IN Knit Socks and Hosiery-0.71Rnk 761 / 1025
2022
Imports $866MWorld Rnk 3 / 218
Flag Rnk 151 / 1214
2022
Origin $51.8M China
2021 - 2022
FASTEST GROWING ORIGIN $51.8MChina
2022
ECONOMIC COMPLEXITY of Japan2.07Rnk 1 / 133

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

August 2024

About

Overview In August 2024 Japan's Knit Socks and Hosiery exports accounted up to ¥277M and imports accounted up to ¥12.4B, resulting in a negative trade balance of ¥12.1B. Between August 2023 and August 2024 the exports of Japan's   Knit Socks and Hosiery have increased by ¥56.8M (25.8%) from ¥220M to ¥277M, while imports decreased by ¥-875M (-6.61%) from ¥13.2B to ¥12.4B.

Destinations In August 2024, Knit Socks and Hosiery were exported mostly to China (¥87M), Malaysia (¥47.6M), United Kingdom (¥40.1M), United States (¥30.6M), and Chinese Taipei (¥18.8M), and were imported mostly from China (¥8.68B), Vietnam (¥1.52B), Thailand (¥1.27B), Cambodia (¥209M), and Philippines (¥93.7M).

Growth In August 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 August 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
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)¥56.8M(25.8%)
IMPORT GROWTH (August 2023 - August 2024)¥-875M(-6.61%)
MAIN EXPORTER (August 2024)Osaka¥145M
MAIN DESTINATION (August 2024)China¥87M

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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Historical Data

Trade Balance

Color
EXPORTS (2022)$23.3M
IMPORTS (2022)$866M
NET TRADE (2022)-$843M

In 2022, Japan exported $23.3M in Knit Socks and Hosiery. The main destinations of Japan exports on Knit Socks and Hosiery were China ($6.61M), Malaysia ($2.79M), United States ($2.66M), United Kingdom ($2.29M), and Hong Kong ($1.77M).

In 2022, Japan imported $866M in Knit Socks and Hosiery, mainly from China ($619M), Vietnam ($86.6M), Thailand ($69.9M), Philippines ($21.9M), and Indonesia ($10.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Socks and Hosiery EXPORT MARKETS FOR Japan WERE (2021 - 2022):
United Kingdom$647k (39.4%)
United States$628k (30.8%)
Netherlands$152k (57.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Socks and Hosiery BY Japan WERE (2021 - 2022):
China-$4.59M (-41%)
Malaysia-$2.31M (-45.3%)
Macau-$653k (-97.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Knit Socks and Hosiery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.89M
TOP IMPORT POTENTIALChina+ $15.7M

Knit Socks and Hosiery’s highest export potential is United States. With an export gap of $2.89M.   Knit Socks and Hosiery’s highest import potential is China with an import gap of $15.7M.

See methodology.

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