HS Icon Other Headwear

6506 (Harmonized System 1992 for 4-digit)

World Trade (2018): $3.69B, Rnk 582 / 1225

Top Exporter (2018): $1.58B, China

Top Importer (2018): $561M, United States

Product Complexity (2018): 0.48, Rnk 377 / 1018

Export Growth (CAGR)(2017 - 2018): 15.1%, Rnk 512 / 1225

Mean Tariff (2018): 14.1%, Rnk 233 / 1259

Share of World Trade (2018): 0.02%, Rnk 582 / 1225

Overview: In 2018, Other Headwear were the world's 582nd most traded product, with a total trade of $3.69B. Between 2017 and 2018 the exports of Other Headwear grew by 15.1%, from  $3.21B to $3.69B. Trade in Other Headwear represent 0.02% of total world trade.

Exports: In 2018 the top exporters of Other Headwear  were China ($1.58B), Italy ($234M), Germany ($230M), France ($193M), and United States ($180M).

Imports: In 2018 the top importers of Other Headwear were United States ($561M), Germany ($346M), France ($332M), United Kingdom ($177M), and Italy ($153M).

Tariffs: In 2018 the average tariff for Other Headwear was 14.1%, been the 233 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Other Headwear are Syria (39.1%), Iran (37.5%), Sudan (35%), Cameroon (29.4%), and Gabon (29.4%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Singapore (0%), Switzerland (0%), and Norway (0%).

Ranking: Other Headwear ranks 377th in the Product Complexity Index (PCI).

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2018): China, $1.58B

Top Destination (2018): United States, $561M

Other Headwear are the world's 582nd most traded product.

In 2018, the top exporters of Other Headwear were China ($1.58B), Italy ($234M), Germany ($230M), France ($193M), and United States ($180M).

In 2018, the top importers of Other Headwear were United States ($561M), Germany ($346M), France ($332M), United Kingdom ($177M), and Italy ($153M).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2017 -  2018): France, $50.8M

Top Destination Growth (2017 - 2018): Germany, $70.6M

Between 2017 and 2018, the exports of Other Headwear grew the fastest in France ($50.8M), Belgium-Luxembourg ($44.6M), Germany ($44.5M), Netherlands ($42.2M), and Italy ($37.4M).

Between 2017 and 2018, the fastest growing importers of Other Headwear were Germany ($70.6M), France ($53M), United States ($40.6M), Spain ($27.9M), and Philippines ($27.3M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

This chart shows the evolution of the market concentration of exports of Other Headwear.

In 2018,  market concentration measured using Shannon Entropy, was 3.64. This means that most of the exports of Other Headwear are explained by 12 countries.

Explore Visualizations

TOP NET EXPORTER (2018): China, $1.56B

TOP NET IMPORTER (2018): United States, $381M

This map shows which countries export or import more of Other Headwear. Each country is colored based on the difference in exports and imports of Other Headwear during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Other Headwear were China ($1.56B), Italy ($81M), Vietnam ($67.2M), Chinese Taipei ($41.5M), and Japan ($39.5M).

In 2018, the countries that had a largest trade value in imports than in exports of Other Headwear were United States ($381M), France ($139M), Germany ($116M), Canada ($108M), and Australia ($99.5M).

Trade Forecasts

#permalink to section

This section shows forecasts for total trade for Other Headwear. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

Explore Forecasts

Import Tariffs

#permalink to section

In 2018, the average tariff for importing Other Headwear was 14.1%.  The countries with the highest tariffs for importing Other Headwear were Syria (39.1%), Iran (37.5%), Sudan (35%), Cameroon (29.4%), and Gabon (29.4%).

Explore Tariff Data

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
Filter

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.