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Pricing

2023
Exports $138MWorld Rnk 15 / 207
Flag Rnk 642 / 1217
2023
Destination $2.31M Canada
2022 - 2023
FASTEST GROWING MARKET $2.31MUnited Kingdom
2023
PRODUCT COMPLEXITY IN Knit Socks and Hosiery-0.83Rnk 790 / 1025
2023
Imports $2.37BWorld Rnk 1 / 218
Flag Rnk 205 / 1215
2023
Origin $25.9M China
2022 - 2023
FASTEST GROWING ORIGIN $25.9MEl Salvador
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported $138M in Knit Socks and Hosiery, making it the 15th largest exporter of Knit Socks and Hosiery in the world. At the same year, Knit Socks and Hosiery was the 642nd most exported product in United States. The main destination of Knit Socks and Hosiery exports from United States are: Canada ($41M), El Salvador ($14.2M), Mexico ($13M), United Kingdom ($9.14M), and Netherlands ($8.91M).

The fastest growing export markets for Knit Socks and Hosiery of United States between 2022 and 2023 were United Kingdom ($2.31M), China ($454k), and Singapore ($438k).

Imports In 2023, United States imported $2.37B in Knit Socks and Hosiery, becoming the 1st largest importer of Knit Socks and Hosiery in the world. At the same year, Knit Socks and Hosiery was the 205th most imported product in United States. United States imports Knit Socks and Hosiery primarily from: China ($1.31B), Pakistan ($221M), El Salvador ($194M), Honduras ($123M), and Mexico ($97.2M).

The fastest growing import markets in Knit Socks and Hosiery for United States between 2022 and 2023 were El Salvador ($25.9M), Mexico ($8.77M), and Sri Lanka ($1.57M).

COMPANIES In 2023, leading companies such as CrimsonLogic (715), Old Navy (632), and Gap (263) were at the forefront of shipping Knit Socks and Hosiery to the United States.

Latest Trends

November 2024

About

Overview In November 2024 United States' Knit Socks and Hosiery exports accounted up to $14.4M and imports accounted up to $188M, resulting in a negative trade balance of $173M. Between November 2023 and November 2024 the exports of United States'   Knit Socks and Hosiery have decreased by $-1.7M (-10.6%) from $16.1M to $14.4M, while imports increased by $23.7M (14.4%) from $164M to $188M.

Destinations In November 2024, Knit Socks and Hosiery were exported mostly to Canada ($7.85M), Mexico ($1.22M), United Kingdom ($1.07M), Germany ($835k), and Japan ($446k), and were imported mostly from China ($98.4M), Pakistan ($22.5M), El Salvador ($12.9M), Vietnam ($10M), and Honduras ($9.36M).

Growth In November 2024, the decrease in Knit Socks and Hosiery's year-by-year exports was explained primarily by a decrease in exports to Sweden ($-321k or -95.8%), Costa Rica ($-189k or -73.2%), and Japan ($-160k or -47.5%). In November 2024, the increase in Knit Socks and Hosiery's year-by-year imports was explained primarily by an increase in imports from Turkey ($2.71M or 88.5%), El Salvador ($866k or 8.79%), and Sri Lanka ($661k or 50.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$-1.7M(-10.6%)
IMPORT GROWTH (November 2023 - November 2024)$23.7M(14.4%)
MAIN EXPORTER (November 2024)North Carolina$5.3M
MAIN DESTINATION (November 2024)Canada$7.85M

This section shows Knit Socks and Hosiery's exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Knit Socks and Hosiery over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$138M
IMPORTS (2023)$2.37B
NET TRADE (2023)-$2.23B

In 2023, United States exported $138M in Knit Socks and Hosiery. The main destinations of United States exports on Knit Socks and Hosiery were Canada ($41M), El Salvador ($14.2M), Mexico ($13M), United Kingdom ($9.14M), and Netherlands ($8.91M).

In 2023, United States imported $2.37B in Knit Socks and Hosiery, mainly from China ($1.31B), Pakistan ($221M), El Salvador ($194M), Honduras ($123M), and Mexico ($97.2M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Knit Socks and Hosiery EXPORT MARKETS FOR United States WERE (2022 - 2023):
United Kingdom$2.31M (33.8%)
China$454k (25.5%)
Singapore$438k (48.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Socks and Hosiery BY United States WERE (2022 - 2023):
Mexico-$7.31M (-36%)
El Salvador-$4.45M (-23.9%)
Netherlands-$3.48M (-28.1%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United States's main exporting competitors in Knit Socks and Hosiery were:
China $6.16B
Turkey $1.43B
Italy $810M
In 2023, United States's main importing competitors in Knit Socks and Hosiery were:
Germany $1.23B
Japan $810M

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Trade Value of Knit Socks and Hosiery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $5.37M
TOP IMPORT POTENTIALPakistan+ $59.7M

Knit Socks and Hosiery’s highest export potential is Germany. With an export gap of $5.37M.   Knit Socks and Hosiery’s highest import potential is Pakistan with an import gap of $59.7M.

See methodology.

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