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2022
Exports $7.29MWorld Rnk 67 / 203
Flag Rnk 651 / 1206
2022
Destination $1.07M United States
2021 - 2022
FASTEST GROWING MARKET $1.07MParaguay
2022
PRODUCT COMPLEXITY IN Knit Socks and Hosiery-0.71Rnk 761 / 1025
2022
Imports $95.2MWorld Rnk 34 / 218
Flag Rnk 324 / 1198
2022
Origin $25.5M China
2021 - 2022
FASTEST GROWING ORIGIN $25.5MChina
2022
ECONOMIC COMPLEXITY of Brazil0.36Rnk 49 / 133

About

Exports In 2022, Brazil exported $7.29M in Knit Socks and Hosiery, making it the 67th largest exporter of Knit Socks and Hosiery in the world. At the same year, Knit Socks and Hosiery was the 651st most exported product in Brazil. The main destination of Knit Socks and Hosiery exports from Brazil are: United States ($2.3M), Paraguay ($1.61M), Uruguay ($741k), Canada ($548k), and Bolivia ($380k).

The fastest growing export markets for Knit Socks and Hosiery of Brazil between 2021 and 2022 were Paraguay ($1.07M), Uruguay ($347k), and United States ($288k).

Imports In 2022, Brazil imported $95.2M in Knit Socks and Hosiery, becoming the 34th largest importer of Knit Socks and Hosiery in the world. At the same year, Knit Socks and Hosiery was the 324th most imported product in Brazil. Brazil imports Knit Socks and Hosiery primarily from: China ($53.8M), Paraguay ($27.8M), Argentina ($2.84M), Italy ($1.92M), and Sri Lanka ($1.79M).

The fastest growing import markets in Knit Socks and Hosiery for Brazil between 2021 and 2022 were China ($25.5M), Paraguay ($3.9M), and Italy ($915k).

Latest Trends

July 2024

About

Overview In July 2024 Brazil's Knit Socks and Hosiery exports accounted up to $1.19M and imports accounted up to $8.84M, resulting in a negative trade balance of $7.65M. Between July 2023 and July 2024 the exports of Brazil's   Knit Socks and Hosiery have increased by $672k (130%) from $516k to $1.19M, while imports increased by $2.28M (34.8%) from $6.56M to $8.84M.

Destinations In July 2024, Knit Socks and Hosiery were exported mostly to United States ($490k), Paraguay ($174k), Canada ($169k), Uruguay ($118k), and Venezuela ($58.4k), and were imported mostly from China ($4.98M), Paraguay ($3.19M), Argentina ($200k), Turkey ($102k), and Hong Kong ($93.5k).

Growth In July 2024, the increase in Knit Socks and Hosiery's year-by-year exports was explained primarily by an increase in exports to United States ($14k or 2.07k%), Peru ($3.14k or 11.1%), and Portugal ($19 or 119%). In July 2024, the increase in Knit Socks and Hosiery's year-by-year imports was explained primarily by an increase in imports from China ($2.42M or 142%), Paraguay ($796k or 68.1%), and Argentina ($457k or 98.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$672k(130%)
IMPORT GROWTH (July 2023 - July 2024)$2.28M(34.8%)
MAIN EXPORTER (July 2024)São Paulo$908k
MAIN DESTINATION (July 2024)United States$490k

This section shows Knit Socks and Hosiery's exports and imports data at subnational level for Brazil. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Knit Socks and Hosiery over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$7.29M
IMPORTS (2022)$95.2M
NET TRADE (2022)-$87.9M

In 2022, Brazil exported $7.29M in Knit Socks and Hosiery. The main destinations of Brazil exports on Knit Socks and Hosiery were United States ($2.3M), Paraguay ($1.61M), Uruguay ($741k), Canada ($548k), and Bolivia ($380k).

In 2022, Brazil imported $95.2M in Knit Socks and Hosiery, mainly from China ($53.8M), Paraguay ($27.8M), Argentina ($2.84M), Italy ($1.92M), and Sri Lanka ($1.79M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Socks and Hosiery EXPORT MARKETS FOR Brazil WERE (2021 - 2022):
Paraguay$1.07M (197%)
Uruguay$347k (87.9%)
United States$288k (14.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Socks and Hosiery BY Brazil WERE (2021 - 2022):
Chile-$92.4k (-31.6%)
Guyana-$35.3k (-92.3%)
Colombia-$23.8k (-45.2%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Brazil's main exporting competitors in Knit Socks and Hosiery were:
China $7.01B
Turkey $1.38B
Germany $779M
In 2022, Brazil'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
View
TOP EXPORT POTENTIALUnited States+ $2.33M
TOP IMPORT POTENTIALChina+ $12.3M

Knit Socks and Hosiery’s highest export potential is United States. With an export gap of $2.33M.   Knit Socks and Hosiery’s highest import potential is China with an import gap of $12.3M.

See methodology.

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