2023
Exports
$1.85MWorld Rnk 74 / 212
Flag Rnk 179 / 848
2023
PRODUCT COMPLEXITY IN Knitted Hats
-1.54Rnk 949 / 1025
2023
Imports
$2.16MWorld Rnk 109 / 225
Flag Rnk 437 / 1119
2023
ECONOMIC COMPLEXITY of Albania
-0.33Rnk 77 / 132

About

Exports In 2023, Albania exported $1.85M in Knitted Hats, making it the 74th largest exporter of Knitted Hats in the world. At the same year, Knitted Hats was the 179th most exported product in Albania. The main destination of Knitted Hats exports from Albania are: Italy ($1.48M), Greece ($101k), Germany ($90.4k), Japan ($55.6k), and United States ($23.1k).

The fastest growing export markets for Knitted Hats of Albania between 2022 and 2023 were Italy ($601k), Germany ($85k), and Japan ($50.8k).

Imports In 2023, Albania imported $2.16M in Knitted Hats, becoming the 109th largest importer of Knitted Hats in the world. At the same year, Knitted Hats was the 437th most imported product in Albania. Albania imports Knitted Hats primarily from: China ($945k), Italy ($429k), Vietnam ($158k), Turkey ($130k), and Slovenia ($120k).

The fastest growing import markets in Knitted Hats for Albania between 2022 and 2023 were China ($773k), Italy ($412k), and Vietnam ($158k).

Latest Trends

Jan 2025

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 Knitted 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 (2023)$1.85M
IMPORTS (2023)$2.16M
NET TRADE (2023)-$313k

In 2023, Albania exported $1.85M in Knitted Hats. The main destinations of Albania exports on Knitted Hats were Italy ($1.48M), Greece ($101k), Germany ($90.4k), Japan ($55.6k), and United States ($23.1k).

In 2023, Albania imported $2.16M in Knitted Hats, mainly from China ($945k), Italy ($429k), Vietnam ($158k), Turkey ($130k), and Slovenia ($120k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Knitted Hats EXPORT MARKETS FOR Albania WERE (2022 - 2023):
Italy$601k (68.4%)
Germany$85k (1.56k%)
Japan$50.8k (1.06k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knitted Hats BY Albania WERE (2022 - 2023):
Greece-$459k (-82%)
China-$42.9k (-92%)
South Korea-$41.1k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Albania's main exporting competitors in Knitted Hats were:
In 2023, Albania's main importing competitors in Knitted Hats were:

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Trade Value of Knitted Hats by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALItaly+ $241k
TOP IMPORT POTENTIALChina+ $218k

Knitted Hats’s highest export potential is Italy. With an export gap of $241k.   Knitted Hats’s highest import potential is China with an import gap of $218k.

See methodology.

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