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2022
Exports $391kWorld Rnk 96 / 203
Flag Rnk 485 / 947
2022
Destination $191k Saudi Arabia
2021 - 2022
FASTEST GROWING MARKET $191kSaudi Arabia
2022
PRODUCT COMPLEXITY IN Knit Socks and Hosiery-0.71Rnk 761 / 1025
2022
Imports $55.9MWorld Rnk 49 / 218
Flag Rnk 210 / 1175
2022
Origin $10.4M China
2021 - 2022
FASTEST GROWING ORIGIN $10.4MChina
2022
ECONOMIC COMPLEXITY of Kuwait0.44Rnk 46 / 133

About

Exports In 2022, Kuwait exported $391k in Knit Socks and Hosiery, making it the 96th largest exporter of Knit Socks and Hosiery in the world. At the same year, Knit Socks and Hosiery was the 485th most exported product in Kuwait. The main destination of Knit Socks and Hosiery exports from Kuwait are: Saudi Arabia ($258k), Italy ($55.9k), United Arab Emirates ($52k), Qatar ($8.88k), and Spain ($6.63k).

The fastest growing export markets for Knit Socks and Hosiery of Kuwait between 2021 and 2022 were Saudi Arabia ($191k), Italy ($46.4k), and Spain ($6.63k).

Imports In 2022, Kuwait imported $55.9M in Knit Socks and Hosiery, becoming the 49th largest importer of Knit Socks and Hosiery in the world. At the same year, Knit Socks and Hosiery was the 210th most imported product in Kuwait. Kuwait imports Knit Socks and Hosiery primarily from: China ($19.2M), Bangladesh ($6.27M), United Arab Emirates ($6.15M), Turkey ($4.63M), and Pakistan ($3.3M).

The fastest growing import markets in Knit Socks and Hosiery for Kuwait between 2021 and 2022 were China ($10.4M), Bangladesh ($3.87M), and Turkey ($3.09M).

Latest Trends

Nov 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Knit Socks and Hosiery. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$391k
IMPORTS (2022)$55.9M
NET TRADE (2022)-$55.5M

In 2022, Kuwait exported $391k in Knit Socks and Hosiery. The main destinations of Kuwait exports on Knit Socks and Hosiery were Saudi Arabia ($258k), Italy ($55.9k), United Arab Emirates ($52k), Qatar ($8.88k), and Spain ($6.63k).

In 2022, Kuwait imported $55.9M in Knit Socks and Hosiery, mainly from China ($19.2M), Bangladesh ($6.27M), United Arab Emirates ($6.15M), Turkey ($4.63M), and Pakistan ($3.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Socks and Hosiery EXPORT MARKETS FOR Kuwait WERE (2021 - 2022):
Saudi Arabia$191k (286%)
Italy$46.4k (488%)
Spain$6.63k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Socks and Hosiery BY Kuwait WERE (2021 - 2022):
United Arab Emirates-$43.7k (-45.7%)
Iraq-$17.9k (-100%)
Oman-$7.83k (-81.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Kuwait's main exporting competitors in Knit Socks and Hosiery were:
China $7.01B
Turkey $1.38B
Germany $779M
In 2022, Kuwait'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
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TOP EXPORT POTENTIALSaudi Arabia+ $132k
TOP IMPORT POTENTIALChina+ $5.07M

Knit Socks and Hosiery’s highest export potential is Saudi Arabia. With an export gap of $132k.   Knit Socks and Hosiery’s highest import potential is China with an import gap of $5.07M.

See methodology.

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