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Hats and other headgear; plaited or made by assembling strips of any material, whether or not lined or trimmed

6504 (Harmonized System 1992 for 4-digit)

2022
World Trade $523MRnk 1041 / 1218
2022
Top Exporter | Top Importer $298M | $175MChina | United States
2021 - 2022
Export Growth (CAGR) 35.8%Rnk 63 / 1218
2022
Share of World Trade 0.0022%Rnk 1041 / 1218

About

Overview This page contains the latest trade data of Hats. In 2022, Hats were the world's 1041st most traded product, with a total trade of $523M. Between 2021 and 2022 the exports of Hats grew by 35.8%, from $385M to $523M. Trade in Hats represent 0.0022% of total world trade.

Hats are a part of Headgear. They include Hats, plaited or made by assembling strips of materia.

Exports In 2022 the top exporters of Hats  were China ($298M), Mexico ($45M), Italy ($24.4M), United States ($13.5M), and Vietnam ($13.5M).

Imports In 2022 the top importers of Hats were United States ($175M), Germany ($30.9M), United Kingdom ($25.2M), France ($20.2M), and Japan ($18.8M).

Description -

Latest Trends

Latest Data

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The following visualization shows the latest trends on Hats. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2022)China$298M
Top Destination (2022)United States$175M

In 2022 Hats were the world's 1041st most traded product (out of 1,218).

In 2022, the top exporters of Hats were China ($298M), Mexico ($45M), Italy ($24.4M), United States ($13.5M), and Vietnam ($13.5M).

In 2022, the top importers of Hats were United States ($175M), Germany ($30.9M), United Kingdom ($25.2M), France ($20.2M), and Japan ($18.8M).

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Exporters of Hats (2022)
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Importers of Hats (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$89.4M
Top Destination Growth (2021 -  2022)United States$57.9M

Between 2021 and 2022, the exports of Hats grew the fastest in China ($89.4M), Mexico ($14.4M), Ecuador ($4.68M), Italy ($4.26M), and Vietnam ($3.87M).

Between 2021 and 2022, the fastest growing importers of Hats were United States ($57.9M), United Kingdom ($12.3M), Spain ($8.56M), Germany ($6.31M), and Italy ($5.71M).

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Exporters of Hats (2021 - 2022)

Importers of Hats (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Hats.

In 2022, market concentration measured using Shannon Entropy, was 2.99. This means that most of the exports of Hats are explained by 7 countries.

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Value of Exports in Hats

Net Trade

TOP NET EXPORTER (2022)China$293M
TOP NET IMPORTER (2022)United States$161M

This map shows which countries export or import more of Hats. Each country is colored based on the difference in exports and imports of Hats during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Hats were China ($293M), Mexico ($32.8M), Vietnam ($12.3M), Italy ($9.82M), and Ecuador ($9.29M).

In 2022, the countries that had a largest trade value in imports than in exports of Hats were United States ($161M), United Kingdom ($21M), Germany ($20.9M), Japan ($18.2M), and Australia ($15.6M).

Net Trade (2022)

Country Comparison

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Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Hats.
It is possible to select the main countries that export or import Hats in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Hats by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALSouth Korea+ $1.69M
TOP IMPORT POTENTIALVietnam+ $251k

Hats’s highest export potential is South Korea. With an export gap of $1.69M.  Hats’s highest import potential is Vietnam with an import gap of $251k.

See methodology.

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Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2022)

Country by Relatedness

The following visualization shows the relatedness of Hats to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2022)

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