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Pricing

2022
Exports $24.4MWorld Rnk 3 / 167
Flag Rnk 839 / 1217
2022
Destination $1.33M France
2021 - 2022
FASTEST GROWING MARKET $1.33MUnited States
2022
Imports $14.5MWorld Rnk 9 / 213
Flag Rnk 966 / 1215
2022
Origin $2.35M China
2021 - 2022
FASTEST GROWING ORIGIN $2.35MChina
2022
ECONOMIC COMPLEXITY of Italy1.29Rnk 17 / 133

About

Exports In 2022, Italy exported $24.4M in Hats, making it the 3rd largest exporter of Hats in the world. At the same year, Hats was the 839th most exported product in Italy. The main destination of Hats exports from Italy are: France ($5.06M), Germany ($3.86M), United States ($2.78M), Spain ($1.64M), and Japan ($1.13M).

The fastest growing export markets for Hats of Italy between 2021 and 2022 were United States ($1.33M), France ($909k), and South Korea ($431k).

Imports In 2022, Italy imported $14.5M in Hats, becoming the 9th largest importer of Hats in the world. At the same year, Hats was the 966th most imported product in Italy. Italy imports Hats primarily from: China ($4.34M), France ($1.76M), Greece ($1.56M), Ukraine ($1.36M), and Germany ($710k).

The fastest growing import markets in Hats for Italy between 2021 and 2022 were China ($2.35M), Greece ($1.48M), and Ukraine ($969k).

Latest Trends

March 2024

About

Overview In March 2024 Italy's Hats exports accounted up to €3.35M and imports accounted up to €1.33M, resulting in a positive trade balance of €2.02M. Between March 2023 and March 2024 the exports of Italy's   Hats have decreased by €-982k (-22.7%) from €4.33M to €3.35M, while imports decreased by €-60.7k (-4.36%) from €1.39M to €1.33M.

Destinations In March 2024, Hats were exported mostly to France (€875k), Germany (€563k), Spain (€491k), United States (€313k), and Japan (€140k), and were imported mostly from China (€660k), Germany (€162k), Netherlands (€159k), Spain (€136k), and France (€115k).

Growth In March 2024, the decrease in Hats's year-by-year exports was explained primarily by a decrease in exports to United States (€-94.4k or -67.7%), Austria (€-41.9k or -43.2%), and Russia (€-20.4k or -42.6%). In March 2024, the decrease in Hats's year-by-year imports was explained primarily by a decrease in imports from Netherlands (€-26k or -64.1%), China (€-22.2k or -5.3%), and France (€-21.2k or -14.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (March 2023 - March 2024)€-982k(-22.7%)
IMPORT GROWTH (March 2023 - March 2024)€-60.7k(-4.36%)
MAIN DESTINATION (March 2024)France€875k

This section shows Hats's exports and imports data at subnational level for Italy. 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
EXPORTS (2022)$24.4M
IMPORTS (2022)$14.5M
NET TRADE (2022)$9.82M

In 2022, Italy exported $24.4M in Hats. The main destinations of Italy exports on Hats were France ($5.06M), Germany ($3.86M), United States ($2.78M), Spain ($1.64M), and Japan ($1.13M).

In 2022, Italy imported $14.5M in Hats, mainly from China ($4.34M), France ($1.76M), Greece ($1.56M), Ukraine ($1.36M), and Germany ($710k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hats EXPORT MARKETS FOR Italy WERE (2021 - 2022):
United States$1.33M (91.2%)
France$909k (21.9%)
South Korea$431k (90.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hats BY Italy WERE (2021 - 2022):
Israel-$220k (-85.9%)
Poland-$200k (-52.6%)
Russia-$165k (-39%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Italy's main exporting competitors in Hats were:
China $298M
Mexico $45M
In 2022, Italy's main importing competitors in Hats were:
United States $175M
Germany $30.9M
United Kingdom $25.2M

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Trade Value of Hats by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1M
TOP IMPORT POTENTIALChina+ $935k

Hats’s highest export potential is United States. With an export gap of $1M.   Hats’s highest import potential is China with an import gap of $935k.

See methodology.

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