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Exports In 2022, Vietnam exported $13.5M in Hats, making it the 5th largest exporter of Hats in the world. At the same year, Hats was the 613th most exported product in Vietnam. The main destination of Hats exports from Vietnam are: United States ($8.24M), Spain ($1.82M), Canada ($552k), Switzerland ($342k), and Australia ($250k).

The fastest growing export markets for Hats of Vietnam between 2021 and 2022 were United States ($2.8M), Spain ($1.31M), and France ($162k).

Imports In 2022, Vietnam imported $1.18M in Hats, becoming the 47th largest importer of Hats in the world. At the same year, Hats was the 1079th most imported product in Vietnam. Vietnam imports Hats primarily from: China ($1.11M), Spain ($15.3k), South Korea ($12.2k), Germany ($6.9k), and Thailand ($6.39k).

The fastest growing import markets in Hats for Vietnam between 2021 and 2022 were South Korea ($9.94k), Spain ($4.87k), and Thailand ($3.88k).

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)$13.5M
IMPORTS (2022)$1.18M
NET TRADE (2022)$12.3M

In 2022, Vietnam exported $13.5M in Hats. The main destinations of Vietnam exports on Hats were United States ($8.24M), Spain ($1.82M), Canada ($552k), Switzerland ($342k), and Australia ($250k).

In 2022, Vietnam imported $1.18M in Hats, mainly from China ($1.11M), Spain ($15.3k), South Korea ($12.2k), Germany ($6.9k), and Thailand ($6.39k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hats EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
United States$2.8M (51.4%)
Spain$1.31M (259%)
France$162k (465%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hats BY Vietnam WERE (2021 - 2022):
Saudi Arabia-$623k (-100%)
Canada-$501k (-47.6%)
Cambodia-$263k (-94.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Hats were:
China $298M
Italy $24.4M
In 2022, Vietnam'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 POTENTIALChina+ $251k
TOP IMPORT POTENTIALChina+ $587k

Hats’s highest export potential is China. With an export gap of $251k.   Hats’s highest import potential is China with an import gap of $587k.

See methodology.

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