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2022
Exports $92.3MWorld Rnk 12 / 208
Flag Rnk 496 / 1214
2022
Destination $2.43M France
2021 - 2022
FASTEST GROWING MARKET $2.43MPortugal
2022
PRODUCT COMPLEXITY IN Knitted Hats-1.26Rnk 897 / 1025
2022
Imports $183MWorld Rnk 11 / 220
Flag Rnk 385 / 1214
2022
Origin $21.4M China
2021 - 2022
FASTEST GROWING ORIGIN $21.4MChina
2022
ECONOMIC COMPLEXITY of Spain0.81Rnk 33 / 133

About

Exports In 2022, Spain exported $92.3M in Knitted Hats, making it the 12th largest exporter of Knitted Hats in the world. At the same year, Knitted Hats was the 496th most exported product in Spain. The main destination of Knitted Hats exports from Spain are: France ($18.5M), Italy ($14.4M), Portugal ($10.9M), Germany ($7.57M), and Poland ($6.94M).

The fastest growing export markets for Knitted Hats of Spain between 2021 and 2022 were Portugal ($2.43M), France ($1.32M), and Italy ($892k).

Imports In 2022, Spain imported $183M in Knitted Hats, becoming the 11th largest importer of Knitted Hats in the world. At the same year, Knitted Hats was the 385th most imported product in Spain. Spain imports Knitted Hats primarily from: China ($87.2M), France ($20.6M), Italy ($16.2M), Germany ($15.2M), and Netherlands ($12.5M).

The fastest growing import markets in Knitted Hats for Spain between 2021 and 2022 were China ($21.4M), Netherlands ($5.44M), and Italy ($4.18M).

Latest Trends

June 2024

About

Overview In June 2024 Spain's Knitted Hats exports accounted up to €8.8M and imports accounted up to €14.2M, resulting in a negative trade balance of €5.43M. Between June 2023 and June 2024 the exports of Spain's   Knitted Hats have increased by €240k (2.8%) from €8.56M to €8.8M, while imports increased by €1.38M (10.7%) from €12.9M to €14.2M.

Destinations In June 2024, Knitted Hats were exported mostly to Italy (€1.86M), France (€1.35M), Portugal (€1.16M), United States (€585k), and Germany (€544k), and were imported mostly from China (€8.11M), Italy (€1.2M), Netherlands (€1.05M), Vietnam (€848k), and France (€725k).

Growth In June 2024, the increase in Knitted Hats's year-by-year exports was explained primarily by an increase in exports to China (€394k or 1.12k%), United States (€328k or 186%), and Portugal (€297k or 45.6%). In June 2024, the increase in Knitted Hats's year-by-year imports was explained primarily by an increase in imports from China (€2.03M or 28.6%), Vietnam (€454k or 326%), and France (€369k or 97.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)€240k(2.8%)
IMPORT GROWTH (June 2023 - June 2024)€1.38M(10.7%)
MAIN EXPORTER (June 2024)Barcelona€2.37M
MAIN DESTINATION (June 2024)Italy€1.86M

This section shows Knitted Hats's exports and imports data at subnational level for Spain. 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 Knitted Hats over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$92.3M
IMPORTS (2022)$183M
NET TRADE (2022)-$91.1M

In 2022, Spain exported $92.3M in Knitted Hats. The main destinations of Spain exports on Knitted Hats were France ($18.5M), Italy ($14.4M), Portugal ($10.9M), Germany ($7.57M), and Poland ($6.94M).

In 2022, Spain imported $183M in Knitted Hats, mainly from China ($87.2M), France ($20.6M), Italy ($16.2M), Germany ($15.2M), and Netherlands ($12.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knitted Hats EXPORT MARKETS FOR Spain WERE (2021 - 2022):
Portugal$2.43M (28.7%)
France$1.32M (7.64%)
Italy$892k (6.61%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knitted Hats BY Spain WERE (2021 - 2022):
Poland-$2.1M (-23.2%)
United States-$1.53M (-19%)
United Kingdom-$1.23M (-44.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Spain's main exporting competitors in Knitted Hats were:
China $4.21B
Bangladesh $726M
Vietnam $665M
In 2022, Spain's main importing competitors in Knitted Hats were:
United States $2.59B
Germany $734M
Japan $388M

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Trade Value of Knitted Hats by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $5.42M
TOP IMPORT POTENTIALChina+ $5.38M

Knitted Hats’s highest export potential is United States. With an export gap of $5.42M.   Knitted Hats’s highest import potential is China with an import gap of $5.38M.

See methodology.

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