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2023
Exports $23.8MWorld Rnk 44 / 207
Flag Rnk 654 / 1209
2023
Destination $967k China
2022 - 2023
FASTEST GROWING MARKET $967kHong Kong
2023
PRODUCT COMPLEXITY IN Knit Socks and Hosiery-0.83Rnk 790 / 1025
2023
Imports $810MWorld Rnk 3 / 218
Flag Rnk 157 / 1209
2023
Origin $964k China
2022 - 2023
FASTEST GROWING ORIGIN $964kBurma
2023
ECONOMIC COMPLEXITY of Japan2.07Rnk 1 / 132

About

Exports In 2023, Japan exported $23.8M in Knit Socks and Hosiery, making it the 44th largest exporter of Knit Socks and Hosiery in the world. At the same year, Knit Socks and Hosiery was the 654th most exported product in Japan. The main destination of Knit Socks and Hosiery exports from Japan are: China ($6.31M), Hong Kong ($2.86M), United Kingdom ($2.73M), United States ($2.08M), and Malaysia ($1.95M).

The fastest growing export markets for Knit Socks and Hosiery of Japan between 2022 and 2023 were Hong Kong ($967k), United Kingdom ($311k), and Chinese Taipei ($216k).

Imports In 2023, Japan imported $810M 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 157th most imported product in Japan. Japan imports Knit Socks and Hosiery primarily from: China ($562M), Vietnam ($94.2M), Thailand ($82.5M), Indonesia ($10.4M), and Philippines ($9.74M).

The fastest growing import markets in Knit Socks and Hosiery for Japan between 2022 and 2023 were Burma ($964k), Denmark ($783k), and Mexico ($735k).

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

November 2024

About

Overview In November 2024 Japan's Knit Socks and Hosiery exports accounted up to ¥347M and imports accounted up to ¥11.4B, resulting in a negative trade balance of ¥11B. Between November 2023 and November 2024 the exports of Japan's   Knit Socks and Hosiery have increased by ¥53.3M (18.2%) from ¥293M to ¥347M, while imports decreased by ¥-611M (-5.1%) from ¥12B to ¥11.4B.

Destinations In November 2024, Knit Socks and Hosiery were exported mostly to China (¥119M), United Kingdom (¥76.6M), Malaysia (¥42.3M), United States (¥23.5M), and South Korea (¥23.3M), and were imported mostly from China (¥7.3B), Vietnam (¥2.38B), Thailand (¥1.18B), Philippines (¥84.4M), and Indonesia (¥52.5M).

Growth In November 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 November 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 (November 2023 - November 2024)¥53.3M(18.2%)
IMPORT GROWTH (November 2023 - November 2024)¥-611M(-5.1%)
MAIN EXPORTER (November 2024)Osaka¥227M
MAIN DESTINATION (November 2024)China¥119M

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 (2023)$23.8M
IMPORTS (2023)$810M
NET TRADE (2023)-$787M

In 2023, Japan exported $23.8M in Knit Socks and Hosiery. The main destinations of Japan exports on Knit Socks and Hosiery were China ($6.31M), Hong Kong ($2.86M), United Kingdom ($2.73M), United States ($2.08M), and Malaysia ($1.95M).

In 2023, Japan imported $810M in Knit Socks and Hosiery, mainly from China ($562M), Vietnam ($94.2M), Thailand ($82.5M), Indonesia ($10.4M), and Philippines ($9.74M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Knit Socks and Hosiery EXPORT MARKETS FOR Japan WERE (2022 - 2023):
Hong Kong$967k (51.1%)
United Kingdom$311k (12.8%)
Chinese Taipei$216k (16.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Socks and Hosiery BY Japan WERE (2022 - 2023):
United States-$1.08M (-34.2%)
Malaysia-$878k (-31.1%)
South Korea-$598k (-39.9%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Japan's main exporting competitors in Knit Socks and Hosiery were:
China $6.16B
Turkey $1.43B
Italy $810M
In 2023, Japan's main importing competitors in Knit Socks and Hosiery were:
United States $2.37B
Germany $1.23B

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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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