Hats in Belgium | The Observatory of Economic Complexity

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Exports In 2022, Belgium exported $1.6M in Hats, making it the 26th largest exporter of Hats in the world. At the same year, Hats was the 1071st most exported product in Belgium. The main destination of Hats exports from Belgium are: Italy ($603k), France ($398k), Spain ($106k), Luxembourg ($89.3k), and United States ($56.5k).

The fastest growing export markets for Hats of Belgium between 2021 and 2022 were Italy ($452k), United States ($52.1k), and Poland ($27.9k).

Imports In 2022, Belgium imported $3.85M in Hats, becoming the 23rd largest importer of Hats in the world. At the same year, Hats was the 1068th most imported product in Belgium. Belgium imports Hats primarily from: Netherlands ($881k), China ($856k), France ($623k), Germany ($454k), and Italy ($374k).

The fastest growing import markets in Hats for Belgium between 2021 and 2022 were Netherlands ($173k), Poland ($63.6k), and United Kingdom ($54.4k).

Latest Trends

August 2024

About

Overview In August 2024 Belgium's Hats exports accounted up to €57.8k and imports accounted up to €142k, resulting in a negative trade balance of €83.9k. Between August 2023 and August 2024 the exports of Belgium's Hats have increased by €32.3k (127%) from €25.5k to €57.8k, while imports decreased by €-3.96k (-2.72%) from €146k to €142k.

Destinations In August 2024, Hats were exported mostly to United States (€27.6k), Netherlands (€12.5k), France (€4.64k), Luxembourg (€3.89k), and Poland (€2.83k), and were imported mostly from Netherlands (€78.1k), China (€32.3k), Germany (€17.8k), Austria (€3.11k), and France (€3.07k).

Growth In August 2024, the increase in Hats's year-by-year exports was explained primarily by an increase in exports to Germany (€94.4k or 4.09k%), France (€73.2k or 805%), and Italy (€43.7k or 1.59k%). In August 2024, the decrease in Hats's year-by-year imports was explained primarily by a decrease in imports from Netherlands (€-13.5k or -35.2%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (August 2023 - August 2024)€32.3k(127%)

IMPORT GROWTH (August 2023 - August 2024)€-3.96k(-2.72%)

MAIN DESTINATION (August 2024)United States€27.6k

This section shows Hats's exports and imports data at subnational level for Belgium. 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)$1.6M

IMPORTS (2022)$3.85M

NET TRADE (2022)-$2.26M

In 2022, Belgium exported $1.6M in Hats. The main destinations of Belgium exports on Hats were Italy ($603k), France ($398k), Spain ($106k), Luxembourg ($89.3k), and United States ($56.5k).

In 2022, Belgium imported $3.85M in Hats, mainly from Netherlands ($881k), China ($856k), France ($623k), Germany ($454k), and Italy ($374k).

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