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2022
Exports $2.34MWorld Rnk 84 / 203
Flag Rnk 93 / 803
2022
Destination $1.51M Australia
2021 - 2022
FASTEST GROWING MARKET $1.51MAustralia
2022
PRODUCT COMPLEXITY IN Knit Socks and Hosiery-0.71Rnk 761 / 1025
2022
Imports $552kWorld Rnk 150 / 218
Flag Rnk 522 / 1117
2022
Origin $231k China
2021 - 2022
FASTEST GROWING ORIGIN $231kChina
2022
ECONOMIC COMPLEXITY of Madagascar-1.08Rnk 115 / 133

About

Exports In 2022, Madagascar exported $2.34M in Knit Socks and Hosiery, making it the 84th largest exporter of Knit Socks and Hosiery in the world. At the same year, Knit Socks and Hosiery was the 93rd most exported product in Madagascar. The main destination of Knit Socks and Hosiery exports from Madagascar are: Australia ($2.01M), United States ($229k), Kuwait ($24.9k), Singapore ($22k), and South Africa ($16.2k).

The fastest growing export markets for Knit Socks and Hosiery of Madagascar between 2021 and 2022 were Australia ($1.51M), Kuwait ($24.9k), and South Africa ($16.2k).

Imports In 2022, Madagascar imported $552k in Knit Socks and Hosiery, becoming the 150th largest importer of Knit Socks and Hosiery in the world. At the same year, Knit Socks and Hosiery was the 522nd most imported product in Madagascar. Madagascar imports Knit Socks and Hosiery primarily from: China ($449k), France ($73.9k), Mauritius ($14.9k), Germany ($4.2k), and Italy ($2.55k).

The fastest growing import markets in Knit Socks and Hosiery for Madagascar between 2021 and 2022 were China ($231k), France ($14.9k), and Germany ($4.11k).

Latest Trends

Oct 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)$2.34M
IMPORTS (2022)$552k
NET TRADE (2022)$1.79M

In 2022, Madagascar exported $2.34M in Knit Socks and Hosiery. The main destinations of Madagascar exports on Knit Socks and Hosiery were Australia ($2.01M), United States ($229k), Kuwait ($24.9k), Singapore ($22k), and South Africa ($16.2k).

In 2022, Madagascar imported $552k in Knit Socks and Hosiery, mainly from China ($449k), France ($73.9k), Mauritius ($14.9k), Germany ($4.2k), and Italy ($2.55k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Socks and Hosiery EXPORT MARKETS FOR Madagascar WERE (2021 - 2022):
Australia$1.51M (303%)
Kuwait$24.9k (1%)
South Africa$16.2k (57.8k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Socks and Hosiery BY Madagascar WERE (2021 - 2022):
United States-$97.9k (-30%)
Mauritius-$33k (-89.4%)
Singapore-$32.3k (-59.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Madagascar's main exporting competitors in Knit Socks and Hosiery were:
China $7.01B
Turkey $1.38B
Germany $779M
In 2022, Madagascar'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 POTENTIALUnited States+ $538k
TOP IMPORT POTENTIALChina+ $282k

Knit Socks and Hosiery’s highest export potential is United States. With an export gap of $538k.   Knit Socks and Hosiery’s highest import potential is China with an import gap of $282k.

See methodology.

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