2022
Exports
$78.2MWorld Rnk 14 / 208
Flag Rnk 295 / 1194
2022
PRODUCT COMPLEXITY IN Knitted Hats
-1.26Rnk 897 / 1025
2022
Imports
$19.9MWorld Rnk 53 / 220
Flag Rnk 668 / 1206
2022
ECONOMIC COMPLEXITY of Indonesia
-0.012Rnk 67 / 133

About

Exports In 2022, Indonesia exported $78.2M in Knitted Hats, making it the 14th largest exporter of Knitted Hats in the world. At the same year, Knitted Hats was the 295th most exported product in Indonesia. The main destination of Knitted Hats exports from Indonesia are: United States ($39.3M), Japan ($10.5M), Canada ($3.31M), Germany ($2.22M), and South Korea ($2.13M).

The fastest growing export markets for Knitted Hats of Indonesia between 2021 and 2022 were United States ($14.3M), Canada ($1.18M), and Japan ($904k).

Imports In 2022, Indonesia imported $19.9M in Knitted Hats, becoming the 53rd largest importer of Knitted Hats in the world. At the same year, Knitted Hats was the 668th most imported product in Indonesia. Indonesia imports Knitted Hats primarily from: China ($14.6M), Vietnam ($1.06M), Bangladesh ($840k), France ($805k), and South Korea ($779k).

The fastest growing import markets in Knitted Hats for Indonesia between 2021 and 2022 were China ($5.86M), Vietnam ($818k), and France ($754k).

COMPANIES In 2023, leading companies such as Nike (4) and LG Electronics (2) were at the forefront of shipping Knitted Hats from Indonesia 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)$78.2M
IMPORTS (2022)$19.9M
NET TRADE (2022)$58.3M

In 2022, Indonesia exported $78.2M in Knitted Hats. The main destinations of Indonesia exports on Knitted Hats were United States ($39.3M), Japan ($10.5M), Canada ($3.31M), Germany ($2.22M), and South Korea ($2.13M).

In 2022, Indonesia imported $19.9M in Knitted Hats, mainly from China ($14.6M), Vietnam ($1.06M), Bangladesh ($840k), France ($805k), and South Korea ($779k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knitted Hats EXPORT MARKETS FOR Indonesia WERE (2021 - 2022):
United States$14.3M (57.3%)
Canada$1.18M (55.1%)
Japan$904k (9.45%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knitted Hats BY Indonesia WERE (2021 - 2022):
Brunei-$1.51M (-98.9%)
Russia-$459k (-84.7%)
Austria-$296k (-94.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Indonesia's main exporting competitors in Knitted Hats were:
In 2022, Indonesia'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 POTENTIALUnited States+ $10.6M
TOP IMPORT POTENTIALChina+ $6.8M

Knitted Hats’s highest export potential is United States. With an export gap of $10.6M.   Knitted Hats’s highest import potential is China with an import gap of $6.8M.

See methodology.

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