2022
Exports
$726MWorld Rnk 2 / 208
Flag Rnk 20 / 931
2022
PRODUCT COMPLEXITY IN Knitted Hats
-1.26Rnk 897 / 1025
2022
Imports
$2.02MWorld Rnk 109 / 220
Flag Rnk 767 / 1173
2022
ECONOMIC COMPLEXITY of Bangladesh
-0.82Rnk 101 / 133

About

Exports In 2022, Bangladesh exported $726M in Knitted Hats, making it the 2nd largest exporter of Knitted Hats in the world. At the same year, Knitted Hats was the 20th most exported product in Bangladesh. The main destination of Knitted Hats exports from Bangladesh are: United States ($497M), Germany ($45.2M), Canada ($37.2M), Netherlands ($16.4M), and Poland ($12.5M).

The fastest growing export markets for Knitted Hats of Bangladesh between 2021 and 2022 were United States ($190M), Canada ($17.2M), and Germany ($11.9M).

Imports In 2022, Bangladesh imported $2.02M in Knitted Hats, becoming the 109th largest importer of Knitted Hats in the world. At the same year, Knitted Hats was the 767th most imported product in Bangladesh. Bangladesh imports Knitted Hats primarily from: China ($1.88M), India ($50.1k), United Kingdom ($25.8k), Pakistan ($16.4k), and Thailand ($14.1k).

The fastest growing import markets in Knitted Hats for Bangladesh between 2021 and 2022 were China ($168k), United Kingdom ($25.8k), and Thailand ($13.8k).

COMPANIES In 2023, leading companies such as H&M Clothing (2) and Puma (1) were at the forefront of shipping Knitted Hats from Bangladesh to the United States.

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 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 (2022)$726M
IMPORTS (2022)$2.02M
NET TRADE (2022)$724M

In 2022, Bangladesh exported $726M in Knitted Hats. The main destinations of Bangladesh exports on Knitted Hats were United States ($497M), Germany ($45.2M), Canada ($37.2M), Netherlands ($16.4M), and Poland ($12.5M).

In 2022, Bangladesh imported $2.02M in Knitted Hats, mainly from China ($1.88M), India ($50.1k), United Kingdom ($25.8k), Pakistan ($16.4k), and Thailand ($14.1k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knitted Hats EXPORT MARKETS FOR Bangladesh WERE (2021 - 2022):
United States$190M (61.7%)
Canada$17.2M (86%)
Germany$11.9M (35.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knitted Hats BY Bangladesh WERE (2021 - 2022):
Austria-$3.15M (-88.9%)
Russia-$2.42M (-100%)
China-$575k (-14.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Bangladesh's main exporting competitors in Knitted Hats were:
China $4.21B
In 2022, Bangladesh's main importing competitors in Knitted Hats were:

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Trade Value of Knitted Hats by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $18.5M
TOP IMPORT POTENTIALChina+ $1.5M

Knitted Hats’s highest export potential is Germany. With an export gap of $18.5M.   Knitted Hats’s highest import potential is China with an import gap of $1.5M.

See methodology.

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