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Pricing

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)

2023
World Trade $8.13BRnk 409 / 1217
2023
Top Exporter | Top Importer $3.87B | $2.3BChina | United States
2023
Product Complexity -1.22Rnk 914 / 1044
2022 - 2023
Export Growth (CAGR) -4.56%Rnk 553 / 1217
2023
Share of World Trade 0.036%Rnk 409 / 1217

About

Overview This page contains the latest trade data of Knitted Hats. In 2023, Knitted Hats were the world's 409th most traded product, with a total trade of $8.13B. Between 2022 and 2023 the exports of Knitted Hats decreased by -4.56%, from $8.51B to $8.13B. Trade in Knitted Hats represent 0.036% 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 2023 the top exporters of Knitted Hats  were China ($3.87B), Vietnam ($761M), Bangladesh ($629M), Italy ($418M), and Mexico ($334M).

Imports In 2023 the top importers of Knitted Hats were United States ($2.3B), Germany ($539M), Japan ($511M), France ($394M), and Italy ($284M).

Ranking Knitted Hats ranks 914th in the Product Complexity Index (PCI).

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 (2023)China$3.87B
Top Destination (2023)United States$2.3B

In 2023 Knitted Hats were the world's 409th most traded product (out of 1,217).

In 2023, the top exporters of Knitted Hats were China ($3.87B), Vietnam ($761M), Bangladesh ($629M), Italy ($418M), and Mexico ($334M).

In 2023, the top importers of Knitted Hats were United States ($2.3B), Germany ($539M), Japan ($511M), France ($394M), and Italy ($284M).

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Exporters of Knitted Hats (2023)
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Importers of Knitted Hats (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Mexico$195M
Top Destination Growth (2022 -  2023)Japan$59.3M

Between 2022 and 2023, the exports of Knitted Hats grew the fastest in Mexico ($195M), Netherlands ($29.6M), United States ($24.1M), France ($22.1M), and Laos ($19.7M).

Between 2022 and 2023, the fastest growing importers of Knitted Hats were Japan ($59.3M), China ($45.4M), Vietnam ($44.4M), Kazakhstan ($26M), and Russia ($21.1M).

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Exporters of Knitted Hats (2022 - 2023)

Importers of Knitted Hats (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 3.36. 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 (2023)China$3.73B
TOP NET IMPORTER (2023)United States$2.19B

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 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Knitted Hats were China ($3.73B), Vietnam ($702M), Bangladesh ($627M), Mexico ($168M), and Italy ($134M).

In 2023, the countries that had a largest trade value in imports than in exports of Knitted Hats were United States ($2.19B), Japan ($498M), Germany ($280M), Canada ($246M), and France ($233M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Knitted Hats, disaggragated by their HS6 level were Hats and other headgear, knit or... ($8.13B) and Hair-nets of any material ($28.2k)

HS6 Disaggregation for Knitted Hats (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 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.

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)

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 (2023)

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