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Headgear and parts thereof

65 (Harmonized System 1992 for 2-digit)

2023
World Trade $13.8BRnk 80 / 96
2023
Top Exporter | Top Importer $6.47B | $3.19BChina | United States
2023
Product Complexity -0.42Rnk 62 / 96
2022 - 2023
Export Growth (CAGR) -9.25%Rnk 63 / 96
2023
Share of World Trade 0.061%Rnk 80 / 96

About

Overview This page contains the latest trade data of Headgear. In 2023, Headgear were the world's 80th most traded product, with a total trade of $13.8B. Between 2022 and 2023 the exports of Headgear decreased by -9.25%, from $15.2B to $13.8B. Trade in Headgear represent 0.061% of total world trade.

Headgear are a part of Footwear and Headwear. They include Knitted Hats, Other Headwear, Hats, Headbands and Linings, Hat Forms, Hat Shapes, and Felt Hats.

Exports In 2023 the top exporters of Headgear  were China ($6.47B), Vietnam ($943M), Italy ($715M), Bangladesh ($642M), and Germany ($531M).

Imports In 2023 the top importers of Headgear were United States ($3.19B), Germany ($998M), France ($827M), Japan ($682M), and Italy ($558M).

Ranking Headgear ranks 62nd in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Headgear. 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 (2023)China$6.47B
Top Destination (2023)United States$3.19B

In 2023 Headgear were the world's 80th most traded product (out of 96).

In 2023, the top exporters of Headgear were China ($6.47B), Vietnam ($943M), Italy ($715M), Bangladesh ($642M), and Germany ($531M).

In 2023, the top importers of Headgear were United States ($3.19B), Germany ($998M), France ($827M), Japan ($682M), and Italy ($558M).

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Exporters of Headgear (2023)
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Importers of Headgear (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Mexico$202M
Top Destination Growth (2022 -  2023)Japan$98M

Between 2022 and 2023, the exports of Headgear grew the fastest in Mexico ($202M), Netherlands ($65.8M), United States ($44M), France ($26.5M), and Germany ($21.9M).

Between 2022 and 2023, the fastest growing importers of Headgear were Japan ($98M), China ($43.2M), Mexico ($38.1M), Vietnam ($25.5M), and Kazakhstan ($25.3M).

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Exporters of Headgear (2022 - 2023)

Importers of Headgear (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 3.61. This means that most of the exports of Headgear are explained by 12 countries.

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Value of Exports in Headgear

Net Trade

TOP NET EXPORTER (2023)China$6.24B
TOP NET IMPORTER (2023)United States$2.83B

This map shows which countries export or import more of Headgear. Each country is colored based on the difference in exports and imports of Headgear during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Headgear were China ($6.24B), Vietnam ($833M), Bangladesh ($622M), Italy ($156M), and Mexico ($126M).

In 2023, the countries that had a largest trade value in imports than in exports of Headgear were United States ($2.83B), France ($482M), Germany ($467M), Japan ($459M), and Canada ($395M).

Net Trade (2023)

Disaggregation

Value
Disaggregation

In 2023, the world most traded Headgear, disaggragated by their HS6 level were Knitted Hats ($8.13B), Other Headwear ($4.54B), Hats ($514M), Headbands and Linings ($386M), and Hat Forms ($156M)

HS6 Disaggregation for Headgear (2023)
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Country Comparison

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Ranking

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

Top 10 Exporters Countries of Headgear by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALRussia+ $58.2M
TOP IMPORT POTENTIALVietnam+ $19.3M

Headgear’s highest export potential is Russia. With an export gap of $58.2M.  Headgear’s highest import potential is Vietnam with an import gap of $19.3M.

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 (2023)

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