2022
Exports
$11.6MWorld Rnk 61 / 203
Flag Rnk 541 / 1198
2022
PRODUCT COMPLEXITY IN Knit Socks and Hosiery
-0.71Rnk 761 / 1025
2022
Imports
$55.5MWorld Rnk 50 / 218
Flag Rnk 442 / 1213
2022
ECONOMIC COMPLEXITY of Singapore
1.68Rnk 6 / 133

About

Exports In 2022, Singapore exported $11.6M in Knit Socks and Hosiery, making it the 61st largest exporter of Knit Socks and Hosiery in the world. At the same year, Knit Socks and Hosiery was the 541st most exported product in Singapore. The main destination of Knit Socks and Hosiery exports from Singapore are: China ($2.36M), Malaysia ($2.26M), United Arab Emirates ($1.09M), India ($795k), and Philippines ($736k).

The fastest growing export markets for Knit Socks and Hosiery of Singapore between 2021 and 2022 were Malaysia ($962k), China ($841k), and United Arab Emirates ($823k).

Imports In 2022, Singapore imported $55.5M in Knit Socks and Hosiery, becoming the 50th largest importer of Knit Socks and Hosiery in the world. At the same year, Knit Socks and Hosiery was the 442nd most imported product in Singapore. Singapore imports Knit Socks and Hosiery primarily from: China ($41.8M), Malaysia ($2.34M), Vietnam ($1.73M), United States ($1.28M), and Costa Rica ($883k).

The fastest growing import markets in Knit Socks and Hosiery for Singapore between 2021 and 2022 were China ($18.7M), Vietnam ($988k), and Costa Rica ($840k).

Latest Trends

Sep 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)$11.6M
IMPORTS (2022)$55.5M
NET TRADE (2022)-$43.9M

In 2022, Singapore exported $11.6M in Knit Socks and Hosiery. The main destinations of Singapore exports on Knit Socks and Hosiery were China ($2.36M), Malaysia ($2.26M), United Arab Emirates ($1.09M), India ($795k), and Philippines ($736k).

In 2022, Singapore imported $55.5M in Knit Socks and Hosiery, mainly from China ($41.8M), Malaysia ($2.34M), Vietnam ($1.73M), United States ($1.28M), and Costa Rica ($883k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Socks and Hosiery EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
Malaysia$962k (74.1%)
China$841k (55.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Socks and Hosiery BY Singapore WERE (2021 - 2022):
New Zealand-$126k (-62.2%)
Greece-$15.4k (-72.8%)
Venezuela-$9.57k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Singapore's main exporting competitors in Knit Socks and Hosiery were:
China $7.01B
Turkey $1.38B
In 2022, Singapore'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 POTENTIALMalaysia+ $443k
TOP IMPORT POTENTIALChina+ $6.31M

Knit Socks and Hosiery’s highest export potential is Malaysia. With an export gap of $443k.   Knit Socks and Hosiery’s highest import potential is China with an import gap of $6.31M.

See methodology.

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