Hats in United Kingdom | The Observatory of Economic Complexity

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Exports In 2022, United Kingdom exported $4.17M in Hats, making it the 16th largest exporter of Hats in the world. At the same year, Hats was the 986th most exported product in United Kingdom. The main destination of Hats exports from United Kingdom are: Netherlands ($545k), Ireland ($430k), Germany ($320k), Switzerland ($280k), and United States ($256k).

The fastest growing export markets for Hats of United Kingdom between 2021 and 2022 were Netherlands ($334k), United States ($144k), and China ($143k).

Imports In 2022, United Kingdom imported $25.2M in Hats, becoming the 3rd largest importer of Hats in the world. At the same year, Hats was the 877th most imported product in United Kingdom. United Kingdom imports Hats primarily from: China ($19.8M), Italy ($828k), Ecuador ($774k), United States ($753k), and Spain ($408k).

The fastest growing import markets in Hats for United Kingdom between 2021 and 2022 were China ($11.5M), Ecuador ($451k), and United States ($434k).

Latest Trends

June 2024

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Overview In June 2024 United Kingdom's Hats exports accounted up to £554k and imports accounted up to £1.32M, resulting in a negative trade balance of £768k. Between June 2023 and June 2024 the exports of United Kingdom's Hats have increased by £126k (29.6%) from £427k to £554k, while imports decreased by £-517k (-28.1%) from £1.84M to £1.32M.

Destinations In June 2024, Hats were exported mostly to Switzerland (£91k), Italy (£72.3k), Ireland (£47.6k), United States (£42.6k), and South Korea (£33.1k), and were imported mostly from China (£848k), Netherlands (£90.4k), Germany (£80.3k), United States (£69.4k), and France (£64.2k).

Growth In June 2024, the increase in Hats's year-by-year exports was explained primarily by an increase in exports to Netherlands (£173k or 1.19k%), Ireland (£23.6k or 199%), and China (£16.1k or 1.05k%). In June 2024, the decrease in Hats's year-by-year imports was explained primarily by a decrease in imports from Germany (£-6.42k or -54.1%), Spain (£-3.41k or -55.6%), and Philippines (£-1.06k or -20.7%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (June 2023 - June 2024)£126k(29.6%)

IMPORT GROWTH (June 2023 - June 2024)£-517k(-28.1%)

MAIN EXPORTER (June 2024)East Midlands Airport£317k

MAIN DESTINATION (June 2024)Switzerland£91k

This section shows Hats's exports and imports data at subnational level for United Kingdom. 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 Hats over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$4.17M

IMPORTS (2022)$25.2M

NET TRADE (2022)-$21M

In 2022, United Kingdom exported $4.17M in Hats. The main destinations of United Kingdom exports on Hats were Netherlands ($545k), Ireland ($430k), Germany ($320k), Switzerland ($280k), and United States ($256k).

In 2022, United Kingdom imported $25.2M in Hats, mainly from China ($19.8M), Italy ($828k), Ecuador ($774k), United States ($753k), and Spain ($408k).

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