2023
Exports
$16.6MWorld Rnk 35 / 212
Flag Rnk 617 / 1211
2023
PRODUCT COMPLEXITY IN Knitted Hats
-1.54Rnk 949 / 1025
2023
Imports
$112MWorld Rnk 17 / 225
Flag Rnk 337 / 1213
2023
ECONOMIC COMPLEXITY of Austria
1.56Rnk 8 / 132

About

Exports In 2023, Austria exported $16.6M in Knitted Hats, making it the 35th largest exporter of Knitted Hats in the world. At the same year, Knitted Hats was the 617th most exported product in Austria. The main destination of Knitted Hats exports from Austria are: Germany ($5.15M), Netherlands ($1.2M), Romania ($1.09M), Hungary ($946k), and Switzerland ($928k).

The fastest growing export markets for Knitted Hats of Austria between 2022 and 2023 were Germany ($838k), Netherlands ($678k), and Italy ($318k).

Imports In 2023, Austria imported $112M in Knitted Hats, becoming the 17th largest importer of Knitted Hats in the world. At the same year, Knitted Hats was the 337th most imported product in Austria. Austria imports Knitted Hats primarily from: China ($48.8M), Germany ($22.9M), Italy ($6.86M), Bangladesh ($6.17M), and Vietnam ($3.81M).

The fastest growing import markets in Knitted Hats for Austria between 2022 and 2023 were Vietnam ($1.27M), Germany ($1.07M), and Bulgaria ($505k).

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)$16.6M
IMPORTS (2023)$112M
NET TRADE (2023)-$95.3M

In 2023, Austria exported $16.6M in Knitted Hats. The main destinations of Austria exports on Knitted Hats were Germany ($5.15M), Netherlands ($1.2M), Romania ($1.09M), Hungary ($946k), and Switzerland ($928k).

In 2023, Austria imported $112M in Knitted Hats, mainly from China ($48.8M), Germany ($22.9M), Italy ($6.86M), Bangladesh ($6.17M), and Vietnam ($3.81M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Knitted Hats EXPORT MARKETS FOR Austria WERE (2022 - 2023):
Germany$838k (19.4%)
Netherlands$678k (130%)
Italy$318k (81.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knitted Hats BY Austria WERE (2022 - 2023):
Poland-$1.08M (-70.6%)
France-$175k (-27.7%)
Israel-$130k (-93.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Austria' main exporting competitors in Knitted Hats were:
In 2023, Austria' 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 POTENTIALGermany+ $2.85M
TOP IMPORT POTENTIALChina+ $6.49M

Knitted Hats’s highest export potential is Germany. With an export gap of $2.85M.   Knitted Hats’s highest import potential is China with an import gap of $6.49M.

See methodology.

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