2023
Exports
$268MWorld Rnk 8 / 207
Flag Rnk 29 / 1165
2023
PRODUCT COMPLEXITY IN Knit Socks and Hosiery
-0.83Rnk 790 / 1025
2023
Imports
$52.8MWorld Rnk 45 / 218
Flag Rnk 175 / 1188
2023
ECONOMIC COMPLEXITY of Serbia
0.76Rnk 35 / 132

About

Exports In 2023, Serbia exported $268M in Knit Socks and Hosiery, making it the 8th largest exporter of Knit Socks and Hosiery in the world. At the same year, Knit Socks and Hosiery was the 29th most exported product in Serbia. The main destination of Knit Socks and Hosiery exports from Serbia are: Russia ($87.2M), Italy ($59.1M), Germany ($56.7M), Croatia ($27.6M), and Switzerland ($8.75M).

The fastest growing export markets for Knit Socks and Hosiery of Serbia between 2022 and 2023 were Russia ($17.9M), Italy ($6.98M), and Switzerland ($2.39M).

Imports In 2023, Serbia imported $52.8M in Knit Socks and Hosiery, becoming the 45th largest importer of Knit Socks and Hosiery in the world. At the same year, Knit Socks and Hosiery was the 175th most imported product in Serbia. Serbia imports Knit Socks and Hosiery primarily from: Italy ($27.4M), Turkey ($7.97M), China ($7.4M), Germany ($3.52M), and Hungary ($1.46M).

The fastest growing import markets in Knit Socks and Hosiery for Serbia between 2022 and 2023 were Italy ($2.53M), Croatia ($329k), and Hong Kong ($213k).

Latest Trends

Jan 2025

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 (2023)$268M
IMPORTS (2023)$52.8M
NET TRADE (2023)$215M

In 2023, Serbia exported $268M in Knit Socks and Hosiery. The main destinations of Serbia exports on Knit Socks and Hosiery were Russia ($87.2M), Italy ($59.1M), Germany ($56.7M), Croatia ($27.6M), and Switzerland ($8.75M).

In 2023, Serbia imported $52.8M in Knit Socks and Hosiery, mainly from Italy ($27.4M), Turkey ($7.97M), China ($7.4M), Germany ($3.52M), and Hungary ($1.46M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Knit Socks and Hosiery EXPORT MARKETS FOR Serbia WERE (2022 - 2023):
Russia$17.9M (25.8%)
Italy$6.98M (13.4%)
Switzerland$2.39M (37.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Socks and Hosiery BY Serbia WERE (2022 - 2023):
Croatia-$5.08M (-15.5%)
Germany-$2.53M (-4.27%)
United Kingdom-$730k (-11.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Serbia's main exporting competitors in Knit Socks and Hosiery were:
China $6.16B
Turkey $1.43B
Italy $810M
In 2023, Serbia'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
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TOP EXPORT POTENTIALUnited Kingdom+ $4.52M
TOP IMPORT POTENTIALChina+ $4.48M

Knit Socks and Hosiery’s highest export potential is United Kingdom. With an export gap of $4.52M.   Knit Socks and Hosiery’s highest import potential is China with an import gap of $4.48M.

See methodology.

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