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2022
Exports $1.86BWorld Rnk 15 / 225
Flag Rnk 21 / 21
2022
Destination $125M Canada
2021 - 2022
FASTEST GROWING MARKET $125MCanada
2022
PRODUCT COMPLEXITY IN Footwear and Headwear0.5Rnk 367 / 1025
2022
Imports $43BWorld Rnk 1 / 225
Flag Rnk 14 / 21
2022
Origin $3.01B China
2021 - 2022
FASTEST GROWING ORIGIN $3.01BVietnam
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $1.86B in Footwear and Headwear, making it the 15th largest exporter of Footwear and Headwear in the world. At the same year, Footwear and Headwear was the 21st most exported product in United States. The main destination of Footwear and Headwear exports from United States are: Canada ($461M), Vietnam ($204M), Mexico ($174M), Indonesia ($96.2M), and China ($81.6M).

The fastest growing export markets for Footwear and Headwear of United States between 2021 and 2022 were Canada ($125M), Mexico ($27.4M), and Ukraine ($27.1M).

Imports In 2022, United States imported $43B in Footwear and Headwear, becoming the 1st largest importer of Footwear and Headwear in the world. At the same year, Footwear and Headwear was the 14th most imported product in United States. United States imports Footwear and Headwear primarily from: China ($19.4B), Vietnam ($11B), Indonesia ($2.67B), Italy ($1.9B), and Cambodia ($1.23B).

The fastest growing import markets in Footwear and Headwear for United States between 2021 and 2022 were Vietnam ($3.01B), China ($2.91B), and Indonesia ($716M).

COMPANIES In 2023, leading companies such as Itourscm (5.12k), CrimsonLogic (4.37k), and You Hao Trading (3.08k) were at the forefront of shipping Footwear and Headwear to the United States.

Latest Trends

August 2024

About

Overview In August 2024 United States' Footwear and Headwear exports accounted up to $185M and imports accounted up to $3.09B, resulting in a negative trade balance of $2.91B. Between August 2023 and August 2024 the exports of United States'   Footwear and Headwear have increased by $5.11M (2.83%) from $180M to $185M, while imports increased by $67.4M (2.23%) from $3.03B to $3.09B.

Destinations In August 2024, Footwear and Headwear were exported mostly to Canada ($64.3M), Mexico ($19.3M), Vietnam ($16.2M), China ($13.5M), and United Kingdom ($6.58M), and were imported mostly from China ($1.31B), Vietnam ($902M), Indonesia ($194M), Italy ($155M), and Mexico ($105M).

Growth In August 2024, the increase in Footwear and Headwear's year-by-year exports was explained primarily by an increase in exports to Canada ($5.69M or 13%), United Kingdom ($2.39M or 67.8%), and United Arab Emirates ($2.24M or 216%). In August 2024, the increase in Footwear and Headwear's year-by-year imports was explained primarily by an increase in imports from Vietnam ($80.1M or 12.4%), Bangladesh ($21.7M or 30.9%), and Cambodia ($18M or 23.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$5.11M(2.83%)
IMPORT GROWTH (August 2023 - August 2024)$67.4M(2.23%)
MAIN EXPORTER (August 2024)California$34.2M
MAIN DESTINATION (August 2024)Canada$64.3M

This section shows Footwear and Headwear's exports and imports data at subnational level for United States. 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 Footwear and Headwear over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.86B
IMPORTS (2022)$43B
NET TRADE (2022)-$41.1B

In 2022, United States exported $1.86B in Footwear and Headwear. The main destinations of United States exports on Footwear and Headwear were Canada ($461M), Vietnam ($204M), Mexico ($174M), Indonesia ($96.2M), and China ($81.6M).

In 2022, United States imported $43B in Footwear and Headwear, mainly from China ($19.4B), Vietnam ($11B), Indonesia ($2.67B), Italy ($1.9B), and Cambodia ($1.23B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Footwear and Headwear EXPORT MARKETS FOR United States WERE (2021 - 2022):
Canada$125M (37.3%)
Mexico$27.4M (18.7%)
Ukraine$27.1M (2.23k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Footwear and Headwear BY United States WERE (2021 - 2022):
China-$59.5M (-42.2%)
Chile-$7.84M (-27.8%)
Switzerland-$7.08M (-37.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Footwear and Headwear were:
China $83.6B
Vietnam $28.2B
Italy $13.9B
In 2022, United States's main importing competitors in Footwear and Headwear were:
Germany $17.1B
France $10.2B

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Trade Value of Footwear and Headwear by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $39M
TOP IMPORT POTENTIALIndia+ $446M

Footwear and Headwear’s highest export potential is China. With an export gap of $39M.   Footwear and Headwear’s highest import potential is India with an import gap of $446M.

See methodology.

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