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2022
Exports $11World Rnk 205 / 208
Flag Rnk 306 / 317
2022
Destination $11 Belgium
2021 - 2022
FASTEST GROWING MARKET $11Belgium
2022
PRODUCT COMPLEXITY IN Knitted Hats-1.26Rnk 897 / 1025
2022
Imports $594kWorld Rnk 145 / 220
Flag Rnk 367 / 952
2022
Origin $97.6k Ethiopia
2021 - 2022
FASTEST GROWING ORIGIN $97.6kEthiopia

About

Exports In 2022, Somalia exported $11 in Knitted Hats, making it the 205th largest exporter of Knitted Hats in the world. At the same year, Knitted Hats was the 306th most exported product in Somalia. The main destination of Knitted Hats exports from Somalia are: Belgium ($11).

The fastest growing export markets for Knitted Hats of Somalia between 2021 and 2022 were Belgium ($11).

Imports In 2022, Somalia imported $594k in Knitted Hats, becoming the 145th largest importer of Knitted Hats in the world. At the same year, Knitted Hats was the 367th most imported product in Somalia. Somalia imports Knitted Hats primarily from: Ethiopia ($331k), China ($156k), Turkey ($43.9k), United Arab Emirates ($23.5k), and Kenya ($14.3k).

The fastest growing import markets in Knitted Hats for Somalia between 2021 and 2022 were Ethiopia ($97.6k), United Arab Emirates ($15.7k), and Belgium ($5.1k).

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
IMPORTS (2022)$594k
NET TRADE (2022)-$594k

In 2022, Somalia exported $11 in Knitted Hats. The main destinations of Somalia exports on Knitted Hats were Belgium ($11).

In 2022, Somalia imported $594k in Knitted Hats, mainly from Ethiopia ($331k), China ($156k), Turkey ($43.9k), United Arab Emirates ($23.5k), and Kenya ($14.3k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knitted Hats EXPORT MARKETS FOR Somalia WERE (2021 - 2022):Belgium$11 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knitted Hats BY Somalia WERE (2021 - 2022):Uganda-$70 (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Somalia's main exporting competitors in Knitted Hats were:
China $4.21B
Bangladesh $726M
Vietnam $665M
In 2022, Somalia'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
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TOP EXPORT POTENTIALUnited States+ $690
TOP IMPORT POTENTIALChina+ $163k

Knitted Hats’s highest export potential is United States. With an export gap of $690.   Knitted Hats’s highest import potential is China with an import gap of $163k.

See methodology.

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