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Exports In 2022, India exported $1.63M in Hats, making it the 25th largest exporter of Hats in the world. At the same year, Hats was the 1049th most exported product in India. The main destination of Hats exports from India are: United States ($518k), Australia ($202k), United Kingdom ($190k), United Arab Emirates ($132k), and Sweden ($71.6k).

The fastest growing export markets for Hats of India between 2021 and 2022 were United States ($503k), Sweden ($70.3k), and Australia ($45.2k).

Imports In 2022, India imported $1.94M in Hats, becoming the 38th largest importer of Hats in the world. At the same year, Hats was the 1057th most imported product in India. India imports Hats primarily from: China ($1.47M), New Zealand ($292k), Bangladesh ($51.2k), Thailand ($43.8k), and Sri Lanka ($36.8k).

The fastest growing import markets in Hats for India between 2021 and 2022 were China ($806k), New Zealand ($51.6k), and Bangladesh ($51.2k).

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)$1.63M
IMPORTS (2022)$1.94M
NET TRADE (2022)-$306k

In 2022, India exported $1.63M in Hats. The main destinations of India exports on Hats were United States ($518k), Australia ($202k), United Kingdom ($190k), United Arab Emirates ($132k), and Sweden ($71.6k).

In 2022, India imported $1.94M in Hats, mainly from China ($1.47M), New Zealand ($292k), Bangladesh ($51.2k), Thailand ($43.8k), and Sri Lanka ($36.8k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hats EXPORT MARKETS FOR India WERE (2021 - 2022):
United States$503k (3.24k%)
Sweden$70.3k (5.39k%)
Australia$45.2k (28.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hats BY India WERE (2021 - 2022):
United Arab Emirates-$171k (-56.4%)
United Kingdom-$97.7k (-34%)
Slovakia-$28.7k (-99.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, India's main exporting competitors in Hats were:
China $298M
Italy $24.4M
In 2022, India'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 POTENTIALUnited States+ $326k
TOP IMPORT POTENTIALChina+ $664k

Hats’s highest export potential is United States. With an export gap of $326k.   Hats’s highest import potential is China with an import gap of $664k.

See methodology.

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