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2022
Exports $22.3MWorld Rnk 50 / 203
Flag Rnk 383 / 1213
2022
Destination $1.03MN/A
2021 - 2022
FASTEST GROWING MARKET $1.03MGermany
2022
PRODUCT COMPLEXITY IN Knit Socks and Hosiery-0.71Rnk 761 / 1025
2022
Imports $72.1MWorld Rnk 44 / 218
Flag Rnk 247 / 1213
2022
Origin $4.15M China
2021 - 2022
FASTEST GROWING ORIGIN $4.15MChina
2022
ECONOMIC COMPLEXITY of South Africa0.076Rnk 59 / 133

About

The fastest growing export markets for Knit Socks and Hosiery of South Africa between 2021 and 2022 were Germany ($1.03M), Israel ($297k), and United Kingdom ($238k).

Imports In 2022, South Africa imported $72.1M in Knit Socks and Hosiery, becoming the 44th largest importer of Knit Socks and Hosiery in the world. At the same year, Knit Socks and Hosiery was the 247th most imported product in South Africa. South Africa imports Knit Socks and Hosiery primarily from: China ($53.6M), India ($3.88M), Italy ($3.81M), Lesotho ($3.49M), and Turkey ($1.51M).

The fastest growing import markets in Knit Socks and Hosiery for South Africa between 2021 and 2022 were China ($4.15M), Italy ($2.81M), and Indonesia ($298k).

Latest Trends

June 2024

About

Overview In June 2024 South Africa's Knit Socks and Hosiery exports accounted up to ZAR39.9M and imports accounted up to ZAR67.3M, resulting in a negative trade balance of ZAR27.4M. Between June 2023 and June 2024 the exports of South Africa's   Knit Socks and Hosiery have increased by ZAR11.5M (40.5%) from ZAR28.4M to ZAR39.9M, while imports increased by ZAR6.08M (9.93%) from ZAR61.2M to ZAR67.3M.

Destinations In June 2024, Knit Socks and Hosiery were exported mostly to United States (ZAR21.7M), United Kingdom (ZAR5.72M), Germany (ZAR4.45M), Namibia (ZAR2.24M), and Finland (ZAR1.14M), and were imported mostly from China (ZAR50.1M), Italy (ZAR3.46M), Turkey (ZAR2.98M), Lesotho (ZAR2.34M), and Eswatini (ZAR1.88M).

Growth In June 2024, the increase in Knit Socks and Hosiery's year-by-year exports was explained primarily by an increase in exports to United Kingdom (ZAR2.38M or 93.3%), Zambia (ZAR176k or 85.1%), and Democratic Republic of the Congo (ZAR118k or 4.87k%). In June 2024, the increase in Knit Socks and Hosiery's year-by-year imports was explained primarily by an increase in imports from China (ZAR19.7M or 32.5%), Italy (ZAR9.46M or 1.2k%), and Turkey (ZAR5.82M or 550%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)ZAR11.5M(40.5%)
IMPORT GROWTH (June 2023 - June 2024)ZAR6.08M(9.93%)
MAIN EXPORTER (June 2024)Cape TownZAR30.2M
MAIN DESTINATION (June 2024)United StatesZAR21.7M

This section shows Knit Socks and Hosiery's exports and imports data at subnational level for South Africa. 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 (2022)$22.3M
IMPORTS (2022)$72.1M
NET TRADE (2022)-$49.8M

In 2022, South Africa imported $72.1M in Knit Socks and Hosiery, mainly from China ($53.6M), India ($3.88M), Italy ($3.81M), Lesotho ($3.49M), and Turkey ($1.51M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Socks and Hosiery EXPORT MARKETS FOR South Africa WERE (2021 - 2022):
Germany$1.03M (17.2k%)
Israel$297k (5.94M%)
United Kingdom$238k (12.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Socks and Hosiery BY South Africa WERE (2021 - 2022):
United States-$476k (-5.6%)
Namibia-$322k (-8.85%)
Lesotho-$184k (-13%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Africa's main exporting competitors in Knit Socks and Hosiery were:
China $7.01B
Turkey $1.38B
Germany $779M
In 2022, South Africa'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
View
TOP EXPORT POTENTIALUnited States+ $4.32M
TOP IMPORT POTENTIALChina+ $4.26M

Knit Socks and Hosiery’s highest export potential is United States. With an export gap of $4.32M.   Knit Socks and Hosiery’s highest import potential is China with an import gap of $4.26M.

See methodology.

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