2023
Exports
$370MWorld Rnk 6 / 207
Flag Rnk 136 / 1173
2023
PRODUCT COMPLEXITY IN Knit Socks and Hosiery
-0.83Rnk 790 / 1025
2023
Imports
$137MWorld Rnk 22 / 218
Flag Rnk 319 / 1199
2023
ECONOMIC COMPLEXITY of Vietnam
0.067Rnk 60 / 132

About

Exports In 2023, Vietnam exported $370M in Knit Socks and Hosiery, making it the 6th largest exporter of Knit Socks and Hosiery in the world. At the same year, Knit Socks and Hosiery was the 136th most exported product in Vietnam. The main destination of Knit Socks and Hosiery exports from Vietnam are: Japan ($94.2M), United States ($91.3M), Netherlands ($25.1M), Germany ($21.1M), and Australia ($16M).

The fastest growing export markets for Knit Socks and Hosiery of Vietnam between 2022 and 2023 were China ($8.85M), Malaysia ($3.68M), and Mexico ($2.9M).

Imports In 2023, Vietnam imported $137M in Knit Socks and Hosiery, becoming the 22nd largest importer of Knit Socks and Hosiery in the world. At the same year, Knit Socks and Hosiery was the 319th most imported product in Vietnam. Vietnam imports Knit Socks and Hosiery primarily from: China ($133M), Germany ($946k), Thailand ($590k), Malaysia ($454k), and Japan ($441k).

The fastest growing import markets in Knit Socks and Hosiery for Vietnam between 2022 and 2023 were China ($71.5M), United States ($232k), and Malaysia ($214k).

COMPANIES In 2024, leading companies such as Halyard Health (27), Nike (14), and Samsung (10) were at the forefront of shipping Knit Socks and Hosiery from Vietnam to the United States.

Latest Trends

Dec 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 (2023)$370M
IMPORTS (2023)$137M
NET TRADE (2023)$234M

In 2023, Vietnam exported $370M in Knit Socks and Hosiery. The main destinations of Vietnam exports on Knit Socks and Hosiery were Japan ($94.2M), United States ($91.3M), Netherlands ($25.1M), Germany ($21.1M), and Australia ($16M).

In 2023, Vietnam imported $137M in Knit Socks and Hosiery, mainly from China ($133M), Germany ($946k), Thailand ($590k), Malaysia ($454k), and Japan ($441k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Knit Socks and Hosiery EXPORT MARKETS FOR Vietnam WERE (2022 - 2023):
China$8.85M (136%)
Malaysia$3.68M (96.1%)
Mexico$2.9M (40.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Socks and Hosiery BY Vietnam WERE (2022 - 2023):
South Korea-$12.2M (-100%)
Australia-$7.85M (-32.9%)
Czechia-$3.12M (-68.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Vietnam's main exporting competitors in Knit Socks and Hosiery were:
China $6.16B
Turkey $1.43B
Italy $810M
In 2023, Vietnam'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 States+ $21M
TOP IMPORT POTENTIALChina+ $39M

Knit Socks and Hosiery’s highest export potential is United States. With an export gap of $21M.   Knit Socks and Hosiery’s highest import potential is China with an import gap of $39M.

See methodology.

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