HS Icon Hat Forms

6501 (Harmonized System 1992 for 4-digit)

World Trade (2018): $52M, Rnk 1193 / 1225

Top Exporter (2018): $17M, Portugal

Top Importer (2018): $9.51M, United States

Export Growth (CAGR)(2017 - 2018): 85.2%, Rnk 20 / 1225

Mean Tariff (2018): 11.7%, Rnk 324 / 1259

Share of World Trade (2018): 0.00028%, Rnk 1193 / 1225

Overview:  This page contains the latest trade data of Hat Forms. In 2018, Hat Forms were the world's 1193rd most traded product, with a total trade of $52M. Between 2017 and 2018 the exports of Hat Forms grew by 85.2%, from  $28.1M to $52M. Trade in Hat Forms represent 0.00028% of total world trade.

Exports: In 2018 the top exporters of Hat Forms  were Portugal ($17M), Bolivia ($8.71M), China ($7.11M), Czechia ($4.5M), and United States ($2.24M).

Imports: In 2018 the top importers of Hat Forms were United States ($9.51M), Mexico ($6.78M), Italy ($4.74M), Australia ($2.9M), and Japan ($2.44M).

Tariffs: In 2018 the average tariff for Hat Forms was 11.7%, been the 324 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Hat Forms are Iran (45%), Bahamas (40.2%), Bolivia (38.5%), Sudan (35%), and Fiji (31.1%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Singapore (0%), Switzerland (0%), and Norway (0%).

Exporters and Importers

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Trade By Country

Top Origin (2018): Portugal, $17M

Top Destination (2018): United States, $9.51M

Hat Forms are the world's 1193rd most traded product.

In 2018, the top exporters of Hat Forms were Portugal ($17M), Bolivia ($8.71M), China ($7.11M), Czechia ($4.5M), and United States ($2.24M).

In 2018, the top importers of Hat Forms were United States ($9.51M), Mexico ($6.78M), Italy ($4.74M), Australia ($2.9M), and Japan ($2.44M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Portugal, $12.1M

Top Destination Growth (2017 - 2018): United States, $9.07M

Between 2017 and 2018, the exports of Hat Forms grew the fastest in Portugal ($12.1M), Bolivia ($6.51M), Chinese Taipei ($1.23M), Czechia ($846k), and Netherlands ($673k).

Between 2017 and 2018, the fastest growing importers of Hat Forms were United States ($9.07M), Mexico ($6.78M), Australia ($2.84M), China ($1.81M), and Spain ($1.25M).

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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 Hat Forms.

In 2018,  market concentration measured using Shannon Entropy, was 3.37. This means that most of the exports of Hat Forms are explained by 10 countries.

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TOP NET EXPORTER (2018): Portugal, $17M

TOP NET IMPORTER (2018): United States, $7.27M

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

In 2018, the countries that had a largest trade value in exports than in imports of Hat Forms were Portugal ($17M), Bolivia ($8.49M), China ($5.22M), Czechia ($4.23M), and Chinese Taipei ($1.83M).

In 2018, the countries that had a largest trade value in imports than in exports of Hat Forms were United States ($7.27M), Mexico ($6.74M), Italy ($4.09M), Australia ($2.77M), and Japan ($2.4M).

Trade Forecasts

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

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Import Tariffs

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In 2018, the average tariff for importing Hat Forms was 11.7%.  The countries with the highest tariffs for importing Hat Forms were Iran (45%), Bahamas (40.2%), Bolivia (38.5%), Sudan (35%), and Fiji (31.1%).

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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.