2023
Exports
$1.43BWorld Rnk 2 / 207
Flag Rnk 36 / 1215
2023
PRODUCT COMPLEXITY IN Knit Socks and Hosiery
-0.83Rnk 790 / 1025
2023
Imports
$54.2MWorld Rnk 44 / 218
Flag Rnk 495 / 1207
2023
ECONOMIC COMPLEXITY of Turkey
0.62Rnk 41 / 132

About

Exports In 2023, Turkey exported $1.43B in Knit Socks and Hosiery, making it the 2nd largest exporter of Knit Socks and Hosiery in the world. At the same year, Knit Socks and Hosiery was the 36th most exported product in Turkey. The main destination of Knit Socks and Hosiery exports from Turkey are: Germany ($295M), United Kingdom ($187M), France ($158M), Spain ($77.2M), and Netherlands ($72.3M).

The fastest growing export markets for Knit Socks and Hosiery of Turkey between 2022 and 2023 were Tajikistan ($2.94M), Ireland ($2.68M), and Belarus ($2.65M).

Imports In 2023, Turkey imported $54.2M in Knit Socks and Hosiery, becoming the 44th largest importer of Knit Socks and Hosiery in the world. At the same year, Knit Socks and Hosiery was the 495th most imported product in Turkey. Turkey imports Knit Socks and Hosiery primarily from: China ($19M), Uzbekistan ($14M), Italy ($3.54M), Bangladesh ($1.78M), and Germany ($1.76M).

The fastest growing import markets in Knit Socks and Hosiery for Turkey between 2022 and 2023 were Uzbekistan ($13.6M), China ($5.23M), and Georgia ($1.36M).

COMPANIES In 2023, leading companies such as Danfoss (207), Yokohama Industries (10), and JP Boden Services (10) were at the forefront of shipping Knit Socks and Hosiery from Turkey to the United States.

Latest Trends

Dec 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 (2023)$1.43B
IMPORTS (2023)$54.2M
NET TRADE (2023)$1.38B

In 2023, Turkey exported $1.43B in Knit Socks and Hosiery. The main destinations of Turkey exports on Knit Socks and Hosiery were Germany ($295M), United Kingdom ($187M), France ($158M), Spain ($77.2M), and Netherlands ($72.3M).

In 2023, Turkey imported $54.2M in Knit Socks and Hosiery, mainly from China ($19M), Uzbekistan ($14M), Italy ($3.54M), Bangladesh ($1.78M), and Germany ($1.76M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Knit Socks and Hosiery EXPORT MARKETS FOR Turkey WERE (2022 - 2023):
Tajikistan$2.94M (595%)
Ireland$2.68M (31.4%)
Belarus$2.65M (96.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Socks and Hosiery BY Turkey WERE (2022 - 2023):
Germany-$41.9M (-12.5%)
United Kingdom-$40M (-17.6%)
Netherlands-$16.9M (-18.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Turkey's main exporting competitors in Knit Socks and Hosiery were:
China $6.16B
Italy $810M
In 2023, Turkey's main importing competitors in Knit Socks and Hosiery were:

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Trade Value of Knit Socks and Hosiery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $37.9M
TOP IMPORT POTENTIALChina+ $9.28M

Knit Socks and Hosiery’s highest export potential is United States. With an export gap of $37.9M.   Knit Socks and Hosiery’s highest import potential is China with an import gap of $9.28M.

See methodology.

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