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Hats and other headgear; knitted or crocheted, or made up from lace, felt or other textile fabric, in the piece (but not in strips), whether or not lined or trimmed; hair-nets of any material, whether or not lined or trimmed

6505 (Harmonized System 1992 for 4-digit)

2022
World Trade $8.73BRnk 413 / 1218
2022
Top Exporter | Top Importer $4.21B | $2.59BChina | United States
2022
Product Complexity -1.06Rnk 855 / 1033
2021 - 2022
Export Growth (CAGR) 28.3%Rnk 100 / 1218
2022
Share of World Trade 0.037%Rnk 413 / 1218

About

Overview This page contains the latest trade data of Knitted Hats. In 2022, Knitted Hats were the world's 413th most traded product, with a total trade of $8.73B. Between 2021 and 2022 the exports of Knitted Hats grew by 28.3%, from $6.8B to $8.73B. Trade in Knitted Hats represent 0.037% of total world trade.

Knitted Hats are a part of Headgear. They include Hats and other headgear, knit or crochet, nes and Hair-nets of any material.

Exports In 2022 the top exporters of Knitted Hats  were China ($4.21B), Bangladesh ($726M), Vietnam ($665M), Italy ($411M), and Germany ($356M).

Imports In 2022 the top importers of Knitted Hats were United States ($2.59B), Germany ($734M), Japan ($388M), France ($376M), and United Kingdom ($309M).

Ranking Knitted Hats ranks 855th in the Product Complexity Index (PCI).

Description -

Latest Trends

Latest Data

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The following visualization shows the latest trends on Knitted 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$4.21B
Top Destination (2022)United States$2.59B

In 2022 Knitted Hats were the world's 413th most traded product (out of 1,218).

In 2022, the top exporters of Knitted Hats were China ($4.21B), Bangladesh ($726M), Vietnam ($665M), Italy ($411M), and Germany ($356M).

In 2022, the top importers of Knitted Hats were United States ($2.59B), Germany ($734M), Japan ($388M), France ($376M), and United Kingdom ($309M).

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

Color
Top Origin Growth (2021 -  2022)China$994M
Top Destination Growth (2021 -  2022)United States$641M

Between 2021 and 2022, the exports of Knitted Hats grew the fastest in China ($994M), Bangladesh ($265M), Vietnam ($237M), Germany ($64M), and Italy ($59.7M).

Between 2021 and 2022, the fastest growing importers of Knitted Hats were United States ($641M), Germany ($131M), France ($93.6M), Canada ($93.2M), and Japan ($90.7M).

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Exporters of Knitted Hats (2021 - 2022)

Importers of Knitted Hats (2021 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 3.39. This means that most of the exports of Knitted Hats are explained by 10 countries.

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Value of Exports in Knitted Hats

Net Trade

TOP NET EXPORTER (2022)China$4.1B
TOP NET IMPORTER (2022)United States$2.47B

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

In 2022, the countries that had a largest trade value in exports than in imports of Knitted Hats were China ($4.1B), Bangladesh ($724M), Vietnam ($628M), Italy ($147M), and Cambodia ($91.6M).

In 2022, the countries that had a largest trade value in imports than in exports of Knitted Hats were United States ($2.47B), Germany ($378M), Japan ($376M), Canada ($259M), and United Kingdom ($246M).

Net Trade (2022)

Disaggregation

Value

In 2022, the world most traded Knitted Hats, disaggragated by their HS6 level were Hats and other headgear, knit or... ($8.73B) and Hair-nets of any material ($9.55k)

HS6 Disaggregation for Knitted Hats (2022)
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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 Knitted Hats.
It is possible to select the main countries that export or import Knitted Hats in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Knitted Hats by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALRussia+ $32.3M
TOP IMPORT POTENTIALVietnam+ $15.1M

Knitted Hats’s highest export potential is Russia. With an export gap of $32.3M.  Knitted Hats’s highest import potential is Vietnam with an import gap of $15.1M.

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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)

Related Products

This visualization shows products that are likely to be exported by countries that export Knitted Hats.

Country by Relatedness

The following visualization shows the relatedness of Knitted 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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