HS Icon Knit Socks and Hosiery

6115 (Harmonized System 1992 for 4-digit)

World Trade (2018): $13.9B, Rnk 263 / 1225

Top Exporter (2018): $5.88B, China

Top Importer (2018): $2.41B, United States

Product Complexity (2018): -0.9, Rnk 797 / 1018

Export Growth (CAGR)(2017 - 2018): 15.9%, Rnk 480 / 1225

Mean Tariff (2018): 23.2%, Rnk 71 / 1259

Share of World Trade (2018): 0.076%, Rnk 263 / 1225

Overview:  This page contains the latest trade data of Knit Socks and Hosiery. In 2018, Knit Socks and Hosiery were the world's 263rd most traded product, with a total trade of $13.9B. Between 2017 and 2018 the exports of Knit Socks and Hosiery grew by 15.9%, from  $12B to $13.9B. Trade in Knit Socks and Hosiery represent 0.076% of total world trade.

Exports: In 2018 the top exporters of Knit Socks and Hosiery  were China ($5.88B), Turkey ($1.11B), Italy ($877M), Germany ($656M), and Pakistan ($402M).

Imports: In 2018 the top importers of Knit Socks and Hosiery were United States ($2.41B), Germany ($1.27B), Japan ($996M), United Kingdom ($851M), and France ($742M).

Tariffs: In 2018 the average tariff for Knit Socks and Hosiery was 23.2%, been the 71 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Knit Socks and Hosiery are Iran (100%), Syria (66.1%), Bolivia (38.5%), Sudan (35%), and Ethiopia (34.7%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Sri Lanka (0%), Maldives (0%), and Singapore (0%).

Ranking: Knit Socks and Hosiery ranks 797th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $5.88B

Top Destination (2018): United States, $2.41B

Knit Socks and Hosiery are the world's 263rd most traded product.

In 2018, the top exporters of Knit Socks and Hosiery were China ($5.88B), Turkey ($1.11B), Italy ($877M), Germany ($656M), and Pakistan ($402M).

In 2018, the top importers of Knit Socks and Hosiery were United States ($2.41B), Germany ($1.27B), Japan ($996M), United Kingdom ($851M), and France ($742M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $830M

Top Destination Growth (2017 - 2018): Germany, $166M

Between 2017 and 2018, the exports of Knit Socks and Hosiery grew the fastest in China ($830M), Croatia ($202M), Netherlands ($161M), Germany ($148M), and Italy ($102M).

Between 2017 and 2018, the fastest growing importers of Knit Socks and Hosiery were Germany ($166M), United States ($153M), Croatia ($148M), Russia ($145M), and France ($112M).

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Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Knit Socks and Hosiery.

In 2018,  market concentration measured using Shannon Entropy, was 3.86. This means that most of the exports of Knit Socks and Hosiery are explained by 14 countries.

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TOP NET EXPORTER (2018): China, $5.81B

TOP NET IMPORTER (2018): United States, $2.14B

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 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Knit Socks and Hosiery were China ($5.81B), Turkey ($1.09B), Italy ($422M), Pakistan ($385M), and Serbia ($232M).

In 2018, the countries that had a largest trade value in imports than in exports of Knit Socks and Hosiery were United States ($2.14B), Japan ($963M), United Kingdom ($710M), Germany ($619M), and Russia ($605M).

Trade Forecasts

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This section shows forecasts for total trade for Knit Socks and Hosiery. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Import Tariffs

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In 2018, the average tariff for importing Knit Socks and Hosiery was 23.2%.  The countries with the highest tariffs for importing Knit Socks and Hosiery were Iran (100%), Syria (66.1%), Bolivia (38.5%), Sudan (35%), and Ethiopia (34.7%).

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Product Complexity

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Diversification Frontier

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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.