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2022
Exports $667kWorld Rnk 94 / 203
Flag Rnk 159 / 935
2022
Destination $508k Israel
2021 - 2022
FASTEST GROWING MARKET $508kIsrael
2022
PRODUCT COMPLEXITY IN Knit Socks and Hosiery-0.71Rnk 761 / 1025
2022
Imports $9.48MWorld Rnk 88 / 218
Flag Rnk 155 / 1186
2022
Origin $219k China
2021 - 2022
FASTEST GROWING ORIGIN $219kItaly

About

Exports In 2022, Iceland exported $667k in Knit Socks and Hosiery, making it the 94th largest exporter of Knit Socks and Hosiery in the world. At the same year, Knit Socks and Hosiery was the 159th most exported product in Iceland. The main destination of Knit Socks and Hosiery exports from Iceland are: Israel ($508k), United Kingdom ($39.3k), Denmark ($33.5k), United States ($32.8k), and Germany ($12.7k).

The fastest growing export markets for Knit Socks and Hosiery of Iceland between 2021 and 2022 were Israel ($508k), Denmark ($25.6k), and Senegal ($9.12k).

Imports In 2022, Iceland imported $9.48M in Knit Socks and Hosiery, becoming the 88th largest importer of Knit Socks and Hosiery in the world. At the same year, Knit Socks and Hosiery was the 155th most imported product in Iceland. Iceland imports Knit Socks and Hosiery primarily from: China ($2.25M), United Kingdom ($817k), Italy ($751k), Sweden ($658k), and Netherlands ($642k).

The fastest growing import markets in Knit Socks and Hosiery for Iceland between 2021 and 2022 were Italy ($219k), Portugal ($183k), and Netherlands ($146k).

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Knit Socks and Hosiery. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$667k
IMPORTS (2022)$9.48M
NET TRADE (2022)-$8.81M

In 2022, Iceland exported $667k in Knit Socks and Hosiery. The main destinations of Iceland exports on Knit Socks and Hosiery were Israel ($508k), United Kingdom ($39.3k), Denmark ($33.5k), United States ($32.8k), and Germany ($12.7k).

In 2022, Iceland imported $9.48M in Knit Socks and Hosiery, mainly from China ($2.25M), United Kingdom ($817k), Italy ($751k), Sweden ($658k), and Netherlands ($642k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Socks and Hosiery EXPORT MARKETS FOR Iceland WERE (2021 - 2022):
Israel$508k (847k%)
Denmark$25.6k (326%)
Senegal$9.12k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Socks and Hosiery BY Iceland WERE (2021 - 2022):
Russia-$26.5k (-100%)
Germany-$9.81k (-43.5%)
Norway-$3.42k (-94.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Iceland's main exporting competitors in Knit Socks and Hosiery were:
China $7.01B
Turkey $1.38B
Germany $779M
In 2022, Iceland'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

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N/A
N/AN/A
N/AN/A

Knit Socks and Hosiery’s highest export potential is N/A. With an export gap of N/A.   Knit Socks and Hosiery’s highest import potential is N/A with an import gap of N/A.

See methodology.

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