HS Icon Felt Hats

6503 (Harmonized System 1992 for 4-digit)

World Trade (2018): $3.9k, Rnk 1223 / 1225

Top Exporter (2018): $2.7k, United States

Top Importer (2018): $3.9k, Barbados

Export Growth (CAGR)(2017 - 2018): 61.8%, Rnk 43 / 1225

Mean Tariff (2018): 7.04%, Rnk 616 / 1259

Share of World Trade (2018): <0.01%, Rnk 1223 / 1225

Overview:  This page contains the latest trade data of Felt Hats. In 2018, Felt Hats were the world's 1223rd most traded product, with a total trade of $3.9k. Between 2017 and 2018 the exports of Felt Hats grew by 61.8%, from  $2.41k to $3.9k. Trade in Felt Hats represent 2.1e-8% of total world trade.

Exports: In 2018 the top exporters of Felt Hats  were United States ($2.7k) and China ($1.2k).

Imports: In 2018 the top importers of Felt Hats were Barbados ($3.9k).

Tariffs: In 2018 the average tariff for Felt Hats was 7.04%, been the 616 lowest tariff using the HS4 product classification.

Exporters and Importers

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Trade By Country

Top Origin (2018): United States, $2.7k

Top Destination (2018): Barbados, $3.9k

Felt Hats are the world's 1223rd most traded product.

In 2018, the top exporters of Felt Hats were United States ($2.7k) and China ($1.2k).

In 2018, the top importers of Felt Hats were Barbados ($3.9k).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United States, $2.7k

Top Destination Growth (2017 - 2018): Barbados, $3.9k

Between 2017 and 2018, the exports of Felt Hats grew the fastest in United States ($2.7k).

Between 2017 and 2018, the fastest growing importers of Felt Hats were Barbados ($3.9k).

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Market Concentration

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Cumulative market share

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

In 2018,  market concentration measured using Shannon Entropy, was 0.89. This means that most of the exports of Felt Hats are explained by 1 countries.

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

Import Tariffs

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In 2018, the average tariff for importing Felt Hats was 7.04%.  The countries with the highest tariffs for importing Felt Hats were Poland (15.9%), Slovenia (15.9%), Romania (12.9%), Bulgaria (10.5%), and Lithuania (8.85%).

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Product Complexity

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Diversification Frontier

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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.