Knit Socks and Hosiery6115 (Harmonized System 1992 for 4-digit)
2020 World Trade: $11.8B, Rnk 269 / 1217
2020 Top Exporter | Top Importer: $4.74B | $2.16B, China | United States
2020 Product Complexity: -0.83, Rnk 789 / 1028
2019 - 2020 Export Growth (CAGR): -16.3%, Rnk 939 / 1217
2018 Mean Tariff: 22.8%, Rnk 68 / 1259
2020 Share of World Trade: 0.07%, Rnk 269 / 1217
Overview This page contains the latest trade data of Knit Socks and Hosiery. In 2020, Knit Socks and Hosiery were the world's 269th most traded product, with a total trade of $11.8B. Between 2019 and 2020 the exports of Knit Socks and Hosiery decreased by -16.3%, from $14.1B to $11.8B. Trade in Knit Socks and Hosiery represent 0.07% of total world trade.
Knit Socks and Hosiery are a part of Knitted clothing accesories. They include Hosiery nes, of cotton, knit, Hosiery nes, synthetic fibres, knit, Panty hose etc, synthetic fibre yarn <67 dtex/sy, kni, Panty hose etc of materials nes, knit, Panty hose etc, synthetic fibre yarn >67 dtex/sy, kni, Hosiery nes, of materials nes, knit, Womens full, kneelength hosiery, yarn <67 dtex/sy,kni, and Hosiery nes, of wool or fine animal hair, knit.
Exports In 2020 the top exporters of Knit Socks and Hosiery were China ($4.74B), Turkey ($1.07B), Italy ($671M), Germany ($624M), and Netherlands ($449M).
Imports In 2020 the top importers of Knit Socks and Hosiery were United States ($2.16B), Germany ($1.26B), Japan ($704M), United Kingdom ($664M), and France ($599M).
Tariffs In 2018 the average tariff for Knit Socks and Hosiery was 22.8%, making it the 68th lowest tariff using the HS4 product classification.
Ranking Knit Socks and Hosiery ranks 789th in the Product Complexity Index (PCI).
Description Pantyhose are a type of hosiery that is used to cover the legs. They can be made from many different materials, including cotton, nylon, polyester, and spandex. Tights are a type of pantyhose that is tighter than regular pantyhose. Stockings are also a type of hosiery that covers the leg. Socks are a type of hosiery that covers the foot. Graduated compression hosiery is used to treat varicose veins in the legs.
The following visualization shows the latest trends on Knit Socks and Hosiery. Countries are shown based on data availability.
For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.
* Using January 2020 exchange rates when trade data is reported in local currency.
Trade By Country
Top Origin (2020): China, $4.74B
Top Destination (2020): United States, $2.16B
Knit Socks and Hosiery are the world's 269th most traded product.
In 2020, the top exporters of Knit Socks and Hosiery were China ($4.74B), Turkey ($1.07B), Italy ($671M), Germany ($624M), and Netherlands ($449M).
In 2020, the top importers of Knit Socks and Hosiery were United States ($2.16B), Germany ($1.26B), Japan ($704M), United Kingdom ($664M), and France ($599M).
Trade by country
Top Origin Growth (2019 - 2020): Bosnia and Herzegovina, $14.9M
Top Destination Growth (2019 - 2020): Bosnia and Herzegovina, $22.6M
Between 2019 and 2020, the exports of Knit Socks and Hosiery grew the fastest in Bosnia and Herzegovina ($14.9M), Poland ($14M), Netherlands ($10.3M), Belgium ($9.64M), and Uzbekistan ($9.31M).
Between 2019 and 2020, the fastest growing importers of Knit Socks and Hosiery were Bosnia and Herzegovina ($22.6M), Croatia ($19M), Switzerland ($13.3M), Slovakia ($4.48M), and Iran ($2.36M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Knit Socks and Hosiery.
In 2020, market concentration measured using Shannon Entropy, was 3.93. This means that most of the exports of Knit Socks and Hosiery are explained by 15 countries.
TOP NET EXPORTER (2020): China, $4.67B
TOP NET IMPORTER (2020): United States, $2.01B
This map shows which countries export or import more of Knit Socks and Hosiery. Each country is colored based on the difference in exports and imports of Knit Socks and Hosiery during 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Knit Socks and Hosiery were China ($4.67B), Turkey ($1.06B), Pakistan ($412M), Italy ($291M), and Serbia ($177M).
In 2020, the countries that had a largest trade value in imports than in exports of Knit Socks and Hosiery were United States ($2.01B), Japan ($682M), Germany ($635M), United Kingdom ($552M), and Russia ($540M).
In 2020, the world most traded Knit Socks and Hosiery, disaggragated by their HS6 level were Hosiery nes, of cotton, knit ($4.89B), Hosiery nes, synthetic fibres, knit ($3.54B), Panty hose etc, synthetic fibre yarn... ($1.08B), Hosiery nes, of materials nes, knit ($821M), and Panty hose etc of materials nes,... ($611M)
This visualization shows the countries that have an important ratio of their trade related to Knit Socks and Hosiery. It is possible to select the main countries that export or import Knit Socks and Hosiery in the world, or by continent, as well as select the measure of interest.
The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.
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