HS Icon Hat Shapes

6502 (Harmonized System 1992 for 4-digit)

World Trade (2018): $22.8M, Rnk 1207 / 1225

Top Exporter (2018): $11.8M, China

Top Importer (2018): $5.78M, United States

Export Growth (CAGR)(2017 - 2018): -22.3%, Rnk 1209 / 1225

Mean Tariff (2018): 12%, Rnk 311 / 1259

Share of World Trade (2018): 0.00012%, Rnk 1207 / 1225

Overview:  This page contains the latest trade data of Hat Shapes. In 2018, Hat Shapes were the world's 1207th most traded product, with a total trade of $22.8M. Between 2017 and 2018 the exports of Hat Shapes decreased by -22.3%, from  $29.3M to $22.8M. Trade in Hat Shapes represent 0.00012% of total world trade.

Exports: In 2018 the top exporters of Hat Shapes  were China ($11.8M), Ecuador ($5.43M), Czechia ($956k), India ($639k), and Philippines ($600k).

Imports: In 2018 the top importers of Hat Shapes were United States ($5.78M), Italy ($4.07M), Mexico ($3.35M), United Kingdom ($887k), and Spain ($864k).

Tariffs: In 2018 the average tariff for Hat Shapes was 12%, been the 311 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Hat Shapes are Iran (45%), Bahamas (41.8%), Sudan (35%), Fiji (31.1%), and Egypt (30.2%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Singapore (0%), Turkey (0%), and Switzerland (0%).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $11.8M

Top Destination (2018): United States, $5.78M

Hat Shapes are the world's 1207th most traded product.

In 2018, the top exporters of Hat Shapes were China ($11.8M), Ecuador ($5.43M), Czechia ($956k), India ($639k), and Philippines ($600k).

In 2018, the top importers of Hat Shapes were United States ($5.78M), Italy ($4.07M), Mexico ($3.35M), United Kingdom ($887k), and Spain ($864k).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Philippines, $334k

Top Destination Growth (2017 - 2018): Spain, $268k

Between 2017 and 2018, the exports of Hat Shapes grew the fastest in Philippines ($334k), India ($308k), Czechia ($208k), Portugal ($171k), and Vietnam ($142k).

Between 2017 and 2018, the fastest growing importers of Hat Shapes were Spain ($268k), Poland ($255k), Chinese Taipei ($200k), Saudi Arabia ($139k), and El Salvador ($119k).

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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 Shapes.

In 2018,  market concentration measured using Shannon Entropy, was 2.51. This means that most of the exports of Hat Shapes are explained by 5 countries.

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TOP NET EXPORTER (2018): China, $11.7M

TOP NET IMPORTER (2018): United States, $5.46M

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

In 2018, the countries that had a largest trade value in exports than in imports of Hat Shapes were China ($11.7M), Ecuador ($5.42M), Czechia ($869k), Philippines ($593k), and India ($541k).

In 2018, the countries that had a largest trade value in imports than in exports of Hat Shapes were United States ($5.46M), Italy ($3.72M), Mexico ($3.1M), Spain ($835k), and Nigeria ($758k).

Trade Forecasts

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This section shows forecasts for total trade for Hat Shapes. 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 Shapes was 12%.  The countries with the highest tariffs for importing Hat Shapes were Iran (45%), Bahamas (41.8%), Sudan (35%), Fiji (31.1%), and Egypt (30.2%).

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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.