2022
Exports
$7.01BWorld Rnk 1 / 203
Flag Rnk 95 / 1216
2022
PRODUCT COMPLEXITY IN Knit Socks and Hosiery
-0.71Rnk 761 / 1025
2022
Imports
$72.4MWorld Rnk 43 / 218
Flag Rnk 714 / 1212
2022
ECONOMIC COMPLEXITY of China
1.12Rnk 22 / 133

About

Exports In 2022, China exported $7.01B in Knit Socks and Hosiery, making it the 1st largest exporter of Knit Socks and Hosiery in the world. At the same year, Knit Socks and Hosiery was the 95th most exported product in China. The main destination of Knit Socks and Hosiery exports from China are: United States ($1.68B), Japan ($619M), Russia ($442M), Germany ($317M), and United Kingdom ($258M).

The fastest growing export markets for Knit Socks and Hosiery of China between 2021 and 2022 were Russia ($91.3M), Kyrgyzstan ($70.7M), and Philippines ($63.9M).

Imports In 2022, China imported $72.4M in Knit Socks and Hosiery, becoming the 43rd largest importer of Knit Socks and Hosiery in the world. At the same year, Knit Socks and Hosiery was the 714th most imported product in China. China imports Knit Socks and Hosiery primarily from: Pakistan ($9.5M), Japan ($6.61M), South Korea ($6.17M), Philippines ($5.04M), and Vietnam ($4.77M).

The fastest growing import markets in Knit Socks and Hosiery for China between 2021 and 2022 were Pakistan ($4.06M), Singapore ($841k), and United States ($694k).

COMPANIES In 2023, leading companies such as CrimsonLogic (715), You Hao Trading (239), and Itourscm (183) were at the forefront of shipping Knit Socks and Hosiery from China to the United States.

Latest Trends

July 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-5.54M(-0.79%)
IMPORT GROWTH (July 2023 - July 2024)$1.03M(15.3%)
MAIN EXPORTER (July 2024)Zhejiang Province$395M
MAIN DESTINATION (July 2024)United States$184M

This section shows Knit Socks and Hosiery's exports and imports data at subnational level for China. 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)$7.01B
IMPORTS (2022)$72.4M
NET TRADE (2022)$6.94B

In 2022, China exported $7.01B in Knit Socks and Hosiery. The main destinations of China exports on Knit Socks and Hosiery were United States ($1.68B), Japan ($619M), Russia ($442M), Germany ($317M), and United Kingdom ($258M).

In 2022, China imported $72.4M in Knit Socks and Hosiery, mainly from Pakistan ($9.5M), Japan ($6.61M), South Korea ($6.17M), Philippines ($5.04M), and Vietnam ($4.77M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Socks and Hosiery EXPORT MARKETS FOR China WERE (2021 - 2022):
Russia$91.3M (26%)
Kyrgyzstan$70.7M (68.1%)
Philippines$63.9M (84.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Socks and Hosiery BY China WERE (2021 - 2022):
United States-$66.7M (-3.81%)
Kazakhstan-$56.1M (-40.1%)
Belarus-$19.2M (-85.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Knit Socks and Hosiery were:
In 2022, China'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 POTENTIALRussia+ $75.3M
TOP IMPORT POTENTIALPakistan+ $12.8M

Knit Socks and Hosiery’s highest export potential is Russia. With an export gap of $75.3M.   Knit Socks and Hosiery’s highest import potential is Pakistan with an import gap of $12.8M.

See methodology.

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