2018
Exports
$11.9MWorld Rnk 43 / 208
Flag Rnk 514 / 1206
2022
PRODUCT COMPLEXITY IN Knitted Hats
-1.26Rnk 897 / 1025
2018
Imports
$35.7MWorld Rnk 38 / 220
Flag Rnk 439 / 1210
2022
ECONOMIC COMPLEXITY of Hungary
1.38Rnk 14 / 133

About

Exports In 2018, Hungary exported $11.9M in Knitted Hats, making it the 43rd largest exporter of Knitted Hats in the world. At the same year, Knitted Hats was the 514th most exported product in Hungary. The main destination of Knitted Hats exports from Hungary are: Romania ($2.8M), Germany ($1.1M), Italy ($1.04M), Slovakia ($915k), and Czechia ($726k).

The fastest growing export markets for Knitted Hats of Hungary between 2021 and 2022 were Romania ($539k), Bulgaria ($296k), and Belgium ($288k).

Imports In 2022, Hungary imported $35.7M in Knitted Hats, becoming the 38th largest importer of Knitted Hats in the world. At the same year, Knitted Hats was the 439th most imported product in Hungary. Hungary imports Knitted Hats primarily from: China ($6.22M), Germany ($5.44M), Greece ($5.39M), Poland ($4.51M), and France ($2.93M).

The fastest growing import markets in Knitted Hats for Hungary between 2021 and 2022 were Germany ($2.22M), China ($1.83M), and Greece ($767k).

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)$11.9M
IMPORTS (2022)$35.7M
NET TRADE (2022)-$23.8M

In 2022, Hungary exported $11.9M in Knitted Hats. The main destinations of Hungary exports on Knitted Hats were Romania ($2.8M), Germany ($1.1M), Italy ($1.04M), Slovakia ($915k), and Czechia ($726k).

In 2022, Hungary imported $35.7M in Knitted Hats, mainly from China ($6.22M), Germany ($5.44M), Greece ($5.39M), Poland ($4.51M), and France ($2.93M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knitted Hats EXPORT MARKETS FOR Hungary WERE (2021 - 2022):
Romania$539k (23.9%)
Bulgaria$296k (162%)
Belgium$288k (648%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knitted Hats BY Hungary WERE (2021 - 2022):
Slovakia-$978k (-51.7%)
Italy-$292k (-22%)
Germany-$207k (-15.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hungary's main exporting competitors in Knitted Hats were:
In 2022, Hungary'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 POTENTIALUnited States+ $866k
TOP IMPORT POTENTIALChina+ $3.5M

Knitted Hats’s highest export potential is United States. With an export gap of $866k.   Knitted Hats’s highest import potential is China with an import gap of $3.5M.

See methodology.

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