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2022
Exports $108kWorld Rnk 111 / 203
Flag Rnk 445 / 918
2022
Destination $62.2k Brazil
2021 - 2022
FASTEST GROWING MARKET $62.2kBrazil
2022
PRODUCT COMPLEXITY IN Knit Socks and Hosiery-0.71Rnk 761 / 1025
2022
Imports $13.8MWorld Rnk 79 / 218
Flag Rnk 207 / 1152
2022
Origin $1.98M China
2021 - 2022
FASTEST GROWING ORIGIN $1.98MChina
2022
ECONOMIC COMPLEXITY of Uruguay0.15Rnk 57 / 133

About

Exports In 2022, Uruguay exported $108k in Knit Socks and Hosiery, making it the 111th largest exporter of Knit Socks and Hosiery in the world. At the same year, Knit Socks and Hosiery was the 445th most exported product in Uruguay. The main destination of Knit Socks and Hosiery exports from Uruguay are: Brazil ($62.2k), Peru ($13.5k), Honduras ($12.6k), United States ($8.19k), and Panama ($5.42k).

The fastest growing export markets for Knit Socks and Hosiery of Uruguay between 2021 and 2022 were Brazil ($62.2k), Honduras ($8.4k), and United States ($6.99k).

Imports In 2022, Uruguay imported $13.8M in Knit Socks and Hosiery, becoming the 79th largest importer of Knit Socks and Hosiery in the world. At the same year, Knit Socks and Hosiery was the 207th most imported product in Uruguay. Uruguay imports Knit Socks and Hosiery primarily from: China ($8.77M), Chile ($2.13M), Brazil ($741k), Argentina ($446k), and Turkey ($303k).

The fastest growing import markets in Knit Socks and Hosiery for Uruguay between 2021 and 2022 were China ($1.98M), Brazil ($347k), and Argentina ($280k).

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)$108k
IMPORTS (2022)$13.8M
NET TRADE (2022)-$13.7M

In 2022, Uruguay exported $108k in Knit Socks and Hosiery. The main destinations of Uruguay exports on Knit Socks and Hosiery were Brazil ($62.2k), Peru ($13.5k), Honduras ($12.6k), United States ($8.19k), and Panama ($5.42k).

In 2022, Uruguay imported $13.8M in Knit Socks and Hosiery, mainly from China ($8.77M), Chile ($2.13M), Brazil ($741k), Argentina ($446k), and Turkey ($303k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Socks and Hosiery EXPORT MARKETS FOR Uruguay WERE (2021 - 2022):
Brazil$62.2k (1%)
Honduras$8.4k (198%)
United States$6.99k (582%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Socks and Hosiery BY Uruguay WERE (2021 - 2022):
Peru-$4.18k (-23.6%)
Guatemala-$993 (-100%)
Bolivia-$67 (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Uruguay's main exporting competitors in Knit Socks and Hosiery were:
China $7.01B
Turkey $1.38B
Germany $779M
In 2022, Uruguay'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
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TOP EXPORT POTENTIALBrazil+ $44.3k
TOP IMPORT POTENTIALTurkey+ $308k

Knit Socks and Hosiery’s highest export potential is Brazil. With an export gap of $44.3k.   Knit Socks and Hosiery’s highest import potential is Turkey with an import gap of $308k.

See methodology.

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