HS Icon Knit Socks and Hosiery

6115 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Knit Socks and Hosiery. In 2019, Knit Socks and Hosiery were the world's 257th most traded product, with a total trade of $13.9B. Between 2018 and 2019 the exports of Knit Socks and Hosiery grew by 0.61%, from $13.8B to $13.9B. Trade in Knit Socks and Hosiery represent 0.077% of total world trade.

Exports In 2019 the top exporters of Knit Socks and Hosiery  were China ($5.9B), Turkey ($1.12B), Italy ($844M), Germany ($672M), and Pakistan ($400M).

Imports In 2019 the top importers of Knit Socks and Hosiery were United States ($2.52B), Germany ($1.24B), Japan ($900M), United Kingdom ($830M), and France ($739M).

Tariffs In 2018 the average tariff for Knit Socks and Hosiery was 23.2%, making it the 71st 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 747th 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.

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): China, $5.9B

Top Destination (2019): United States, $2.52B

Knit Socks and Hosiery are the world's 257th most traded product.

In 2019, the top exporters of Knit Socks and Hosiery were China ($5.9B), Turkey ($1.12B), Italy ($844M), Germany ($672M), and Pakistan ($400M).

In 2019, the top importers of Knit Socks and Hosiery were United States ($2.52B), Germany ($1.24B), Japan ($900M), United Kingdom ($830M), and France ($739M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Honduras, $64.6M

Top Destination Growth (2018 - 2019): United States, $188M

Between 2018 and 2019, the exports of Knit Socks and Hosiery grew the fastest in Honduras ($64.6M), China ($41.8M), Myanmar ($26.7M), Mexico ($25M), and Croatia ($17.2M).

Between 2018 and 2019, the fastest growing importers of Knit Socks and Hosiery were United States ($188M), Saudi Arabia ($34M), Greece ($31.6M), Italy ($26.2M), and Poland ($25.2M).

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Market Concentration

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Cumulative market share

Value

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

In 2019,  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 (2019): China, $5.82B

TOP NET IMPORTER (2019): United States, $2.28B

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 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Knit Socks and Hosiery were China ($5.82B), Turkey ($1.1B), Pakistan ($367M), Italy ($362M), and Serbia ($203M).

In 2019, the countries that had a largest trade value in imports than in exports of Knit Socks and Hosiery were United States ($2.28B), Japan ($868M), United Kingdom ($685M), France ($572M), and Germany ($572M).

Disaggregation

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Value

In 2019, the world most traded Knit Socks and Hosiery, disaggragated by their HS6 level were Hosiery nes, of cotton, knit ($5.68B), Hosiery nes, synthetic fibres, knit ($4.16B), Panty hose etc, synthetic fibre yarn... ($1.4B), Hosiery nes, of materials nes, knit ($930M), and Panty hose etc of materials nes,... ($606M)

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%).

Product Complexity

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Diversification Frontier

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Specialization

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.

Country by Relatedness

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The following visualization shows the relatedness of Knit Socks and Hosiery to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.