2022
Exports
$139MWorld Rnk 9 / 208
Flag Rnk 280 / 1193
2022
PRODUCT COMPLEXITY IN Knitted Hats
-1.26Rnk 897 / 1025
2022
Imports
$166MWorld Rnk 12 / 220
Flag Rnk 366 / 1208
2022
ECONOMIC COMPLEXITY of Mexico
1.08Rnk 25 / 133

About

Exports In 2022, Mexico exported $139M in Knitted Hats, making it the 9th largest exporter of Knitted Hats in the world. At the same year, Knitted Hats was the 280th most exported product in Mexico. The main destination of Knitted Hats exports from Mexico are: United States ($122M), Japan ($11.3M), Canada ($980k), Guatemala ($836k), and Germany ($830k).

The fastest growing export markets for Knitted Hats of Mexico between 2021 and 2022 were Japan ($5.78M), Canada ($610k), and Guatemala ($338k).

Imports In 2022, Mexico imported $166M in Knitted Hats, becoming the 12th largest importer of Knitted Hats in the world. At the same year, Knitted Hats was the 366th most imported product in Mexico. Mexico imports Knitted Hats primarily from: China ($122M), United States ($19.2M), Bangladesh ($10M), Vietnam ($3.1M), and Germany ($2.09M).

The fastest growing import markets in Knitted Hats for Mexico between 2021 and 2022 were China ($34.7M), Bangladesh ($4.87M), and Bolivia ($1.36M).

Latest Trends

Sep 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)$139M
IMPORTS (2022)$166M
NET TRADE (2022)-$26.8M

In 2022, Mexico exported $139M in Knitted Hats. The main destinations of Mexico exports on Knitted Hats were United States ($122M), Japan ($11.3M), Canada ($980k), Guatemala ($836k), and Germany ($830k).

In 2022, Mexico imported $166M in Knitted Hats, mainly from China ($122M), United States ($19.2M), Bangladesh ($10M), Vietnam ($3.1M), and Germany ($2.09M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knitted Hats EXPORT MARKETS FOR Mexico WERE (2021 - 2022):
Japan$5.78M (105%)
Canada$610k (165%)
Guatemala$338k (67.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knitted Hats BY Mexico WERE (2021 - 2022):
United States-$33.4M (-21.4%)
Netherlands-$3.87M (-98.6%)
Russia-$220k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mexico's main exporting competitors in Knitted Hats were:
In 2022, Mexico'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+ $24.7M
TOP IMPORT POTENTIALBangladesh+ $6.15M

Knitted Hats’s highest export potential is United States. With an export gap of $24.7M.   Knitted Hats’s highest import potential is Bangladesh with an import gap of $6.15M.

See methodology.

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