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2022
Exports $85.9MWorld Rnk 26 / 203
Flag Rnk 33 / 1074
2022
Destination $7.07M United States
2021 - 2022
FASTEST GROWING MARKET $7.07MUnited States
2022
PRODUCT COMPLEXITY IN Knit Socks and Hosiery-0.71Rnk 761 / 1025
2022
Imports $2.4MWorld Rnk 124 / 218
Flag Rnk 515 / 1171
2022
Origin $261k India
2021 - 2022
FASTEST GROWING ORIGIN $261kIndia
2022
ECONOMIC COMPLEXITY of Sri Lanka-0.35Rnk 82 / 133

About

Exports In 2022, Sri Lanka exported $85.9M in Knit Socks and Hosiery, making it the 26th largest exporter of Knit Socks and Hosiery in the world. At the same year, Knit Socks and Hosiery was the 33rd most exported product in Sri Lanka. The main destination of Knit Socks and Hosiery exports from Sri Lanka are: United States ($24.3M), Germany ($8.31M), United Kingdom ($7.85M), Belgium ($6.58M), and Japan ($3.86M).

The fastest growing export markets for Knit Socks and Hosiery of Sri Lanka between 2021 and 2022 were United States ($7.07M), United Kingdom ($3.91M), and Belgium ($3.17M).

Imports In 2022, Sri Lanka imported $2.4M in Knit Socks and Hosiery, becoming the 124th largest importer of Knit Socks and Hosiery in the world. At the same year, Knit Socks and Hosiery was the 515th most imported product in Sri Lanka. Sri Lanka imports Knit Socks and Hosiery primarily from: India ($1.27M), China ($774k), Pakistan ($238k), United Kingdom ($23.8k), and Chinese Taipei ($14.9k).

The fastest growing import markets in Knit Socks and Hosiery for Sri Lanka between 2021 and 2022 were India ($261k), Pakistan ($145k), and United Kingdom ($22k).

Latest Trends

Oct 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)$85.9M
IMPORTS (2022)$2.4M
NET TRADE (2022)$83.5M

In 2022, Sri Lanka exported $85.9M in Knit Socks and Hosiery. The main destinations of Sri Lanka exports on Knit Socks and Hosiery were United States ($24.3M), Germany ($8.31M), United Kingdom ($7.85M), Belgium ($6.58M), and Japan ($3.86M).

In 2022, Sri Lanka imported $2.4M in Knit Socks and Hosiery, mainly from India ($1.27M), China ($774k), Pakistan ($238k), United Kingdom ($23.8k), and Chinese Taipei ($14.9k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Socks and Hosiery EXPORT MARKETS FOR Sri Lanka WERE (2021 - 2022):
United States$7.07M (41%)
United Kingdom$3.91M (99.5%)
Belgium$3.17M (92.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Socks and Hosiery BY Sri Lanka WERE (2021 - 2022):
Germany-$3.15M (-27.5%)
France-$1.1M (-28.9%)
Japan-$787k (-16.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Sri Lanka's main exporting competitors in Knit Socks and Hosiery were:
China $7.01B
Turkey $1.38B
Germany $779M
In 2022, Sri Lanka'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+ $9.18M
TOP IMPORT POTENTIALChina+ $912k

Knit Socks and Hosiery’s highest export potential is United States. With an export gap of $9.18M.   Knit Socks and Hosiery’s highest import potential is China with an import gap of $912k.

See methodology.

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