2022
Exports
$20.8MWorld Rnk 32 / 208
Flag Rnk 595 / 1211
2022
PRODUCT COMPLEXITY IN Knitted Hats
-1.26Rnk 897 / 1025
2022
Imports
$20.9MWorld Rnk 51 / 220
Flag Rnk 696 / 1210
2022
ECONOMIC COMPLEXITY of Thailand
0.96Rnk 29 / 133

About

Exports In 2022, Thailand exported $20.8M in Knitted Hats, making it the 32nd largest exporter of Knitted Hats in the world. At the same year, Knitted Hats was the 595th most exported product in Thailand. The main destination of Knitted Hats exports from Thailand are: Japan ($7.85M), United States ($2.5M), Netherlands ($2.1M), Germany ($1.41M), and China ($1.12M).

The fastest growing export markets for Knitted Hats of Thailand between 2021 and 2022 were United States ($182k), Spain ($163k), and Chinese Taipei ($151k).

Imports In 2022, Thailand imported $20.9M in Knitted Hats, becoming the 51st largest importer of Knitted Hats in the world. At the same year, Knitted Hats was the 696th most imported product in Thailand. Thailand imports Knitted Hats primarily from: China ($15.6M), Italy ($1.43M), Vietnam ($641k), France ($499k), and South Korea ($417k).

The fastest growing import markets in Knitted Hats for Thailand between 2021 and 2022 were China ($5.12M), Italy ($876k), and Vietnam ($284k).

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)$20.8M
IMPORTS (2022)$20.9M
NET TRADE (2022)-$121k

In 2022, Thailand exported $20.8M in Knitted Hats. The main destinations of Thailand exports on Knitted Hats were Japan ($7.85M), United States ($2.5M), Netherlands ($2.1M), Germany ($1.41M), and China ($1.12M).

In 2022, Thailand imported $20.9M in Knitted Hats, mainly from China ($15.6M), Italy ($1.43M), Vietnam ($641k), France ($499k), and South Korea ($417k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knitted Hats EXPORT MARKETS FOR Thailand WERE (2021 - 2022):
United States$182k (7.84%)
Spain$163k (564%)
Chinese Taipei$151k (88.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knitted Hats BY Thailand WERE (2021 - 2022):
China-$762k (-40.5%)
Malaysia-$221k (-77.2%)
Germany-$215k (-13.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Thailand's main exporting competitors in Knitted Hats were:
In 2022, Thailand'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+ $3.15M
TOP IMPORT POTENTIALChina+ $5.38M

Knitted Hats’s highest export potential is United States. With an export gap of $3.15M.   Knitted Hats’s highest import potential is China with an import gap of $5.38M.

See methodology.

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