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Exports In 2022, Mexico exported $45M in Hats, making it the 2nd largest exporter of Hats in the world. At the same year, Hats was the 455th most exported product in Mexico. The main destination of Hats exports from Mexico are: United States ($42.2M), Guatemala ($631k), Canada ($591k), Australia ($258k), and Honduras ($230k).

The fastest growing export markets for Hats of Mexico between 2021 and 2022 were United States ($13.6M), Canada ($397k), and Australia ($156k).

Imports In 2022, Mexico imported $12.2M in Hats, becoming the 11th largest importer of Hats in the world. At the same year, Hats was the 852nd most imported product in Mexico. Mexico imports Hats primarily from: China ($10.7M), United States ($1.17M), Spain ($62.6k), Ecuador ($51.1k), and Guatemala ($30.1k).

The fastest growing import markets in Hats for Mexico between 2021 and 2022 were China ($4.24M), United States ($587k), and Guatemala ($21.9k).

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 Hats. 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)$45M
IMPORTS (2022)$12.2M
NET TRADE (2022)$32.8M

In 2022, Mexico exported $45M in Hats. The main destinations of Mexico exports on Hats were United States ($42.2M), Guatemala ($631k), Canada ($591k), Australia ($258k), and Honduras ($230k).

In 2022, Mexico imported $12.2M in Hats, mainly from China ($10.7M), United States ($1.17M), Spain ($62.6k), Ecuador ($51.1k), and Guatemala ($30.1k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hats EXPORT MARKETS FOR Mexico WERE (2021 - 2022):
United States$13.6M (47.6%)
Canada$397k (205%)
Australia$156k (152%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hats BY Mexico WERE (2021 - 2022):
Honduras-$221k (-49.1%)
Guatemala-$56.7k (-8.25%)
Bolivia-$55.3k (-91.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mexico's main exporting competitors in Hats were:
China $298M
Italy $24.4M
In 2022, Mexico's main importing competitors in Hats were:

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Trade Value of Hats by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALCanada+ $230k
TOP IMPORT POTENTIALUnited States+ $255k

Hats’s highest export potential is Canada. With an export gap of $230k.   Hats’s highest import potential is United States with an import gap of $255k.

See methodology.

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