2022
Exports
$2.88MWorld Rnk 81 / 203
Flag Rnk 493 / 1197
2022
PRODUCT COMPLEXITY IN Knit Socks and Hosiery
-0.71Rnk 761 / 1025
2022
Imports
$105MWorld Rnk 32 / 218
Flag Rnk 197 / 1211
2022
ECONOMIC COMPLEXITY of Norway
0.54Rnk 43 / 133

About

Exports In 2022, Norway exported $2.88M in Knit Socks and Hosiery, making it the 81st largest exporter of Knit Socks and Hosiery in the world. At the same year, Knit Socks and Hosiery was the 493rd most exported product in Norway. The main destination of Knit Socks and Hosiery exports from Norway are: Sweden ($1.65M), Denmark ($615k), Iceland ($92.4k), Czechia ($63.9k), and China ($62.6k).

The fastest growing export markets for Knit Socks and Hosiery of Norway between 2021 and 2022 were Denmark ($459k), Sweden ($396k), and Romania ($36.9k).

Imports In 2022, Norway imported $105M in Knit Socks and Hosiery, becoming the 32nd largest importer of Knit Socks and Hosiery in the world. At the same year, Knit Socks and Hosiery was the 197th most imported product in Norway. Norway imports Knit Socks and Hosiery primarily from: China ($39.5M), Sweden ($16.9M), Germany ($6.89M), Denmark ($6.38M), and Italy ($6.17M).

The fastest growing import markets in Knit Socks and Hosiery for Norway between 2021 and 2022 were China ($10.6M), Sweden ($4.43M), and Italy ($1.07M).

COMPANIES In 2023, leading companies such as Nike (4) were at the forefront of shipping Knit Socks and Hosiery from Norway to the United States.

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)$2.88M
IMPORTS (2022)$105M
NET TRADE (2022)-$102M

In 2022, Norway exported $2.88M in Knit Socks and Hosiery. The main destinations of Norway exports on Knit Socks and Hosiery were Sweden ($1.65M), Denmark ($615k), Iceland ($92.4k), Czechia ($63.9k), and China ($62.6k).

In 2022, Norway imported $105M in Knit Socks and Hosiery, mainly from China ($39.5M), Sweden ($16.9M), Germany ($6.89M), Denmark ($6.38M), and Italy ($6.17M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Socks and Hosiery EXPORT MARKETS FOR Norway WERE (2021 - 2022):
Denmark$459k (295%)
Sweden$396k (31.5%)
Romania$36.9k (1.05k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Socks and Hosiery BY Norway WERE (2021 - 2022):
Russia-$468k (-95.6%)
Iceland-$232k (-71.5%)
Germany-$115k (-77.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Norway's main exporting competitors in Knit Socks and Hosiery were:
China $7.01B
Turkey $1.38B
In 2022, Norway'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
View
TOP EXPORT POTENTIALUnited States+ $159k
TOP IMPORT POTENTIALChina+ $5.63M

Knit Socks and Hosiery’s highest export potential is United States. With an export gap of $159k.   Knit Socks and Hosiery’s highest import potential is China with an import gap of $5.63M.

See methodology.

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