Knitted Hats6505 (Harmonized System 1992 for 4-digit)
World Trade (2019): $5.86B, Rnk 457 / 1217
Top Exporter (2019): $3B, China
Top Importer (2019): $1.61B, United States
Product Complexity (2019): -1.35, Rnk 859 / 961
Export Growth (CAGR)(2018 - 2019): 1.03%, Rnk 327 / 1217
Mean Tariff (2018): 15.8%, Rnk 171 / 1259
Share of World Trade (2019): 0.032%, Rnk 457 / 1217
Overview: This page contains the latest trade data of Knitted Hats. In 2019, Knitted Hats were the world's 457th most traded product, with a total trade of $5.86B. Between 2018 and 2019 the exports of Knitted Hats grew by 1.03%, from $5.8B to $5.86B. Trade in Knitted Hats represent 0.032% of total world trade.
Exports: In 2019 the top exporters of Knitted Hats were China ($3B), Vietnam ($366M), Bangladesh ($331M), Germany ($252M), and Italy ($234M).
Imports: In 2019 the top importers of Knitted Hats were United States ($1.61B), Germany ($452M), Japan ($343M), United Kingdom ($281M), and France ($277M).
Tariffs: In 2018 the average tariff for Knitted Hats was 15.8%, making it the 171st lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Knitted Hats are Syria (46%), Iran (45%), Bahamas (41.3%), Cape Verde (40%), and Zimbabwe (36.5%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Singapore (0%), Switzerland (0%), and Norway (0%).
Ranking: Knitted Hats ranks 859th in the Product Complexity Index (PCI).
Trade By Country
Top Origin (2019): China, $3B
Top Destination (2019): United States, $1.61B
Knitted Hats are the world's 457th most traded product.
In 2019, the top exporters of Knitted Hats were China ($3B), Vietnam ($366M), Bangladesh ($331M), Germany ($252M), and Italy ($234M).
In 2019, the top importers of Knitted Hats were United States ($1.61B), Germany ($452M), Japan ($343M), United Kingdom ($281M), and France ($277M).
Trade by country
Top Origin Growth (2018 - 2019): Vietnam, $40.2M
Top Destination Growth (2018 - 2019): Germany, $23.8M
Between 2018 and 2019, the exports of Knitted Hats grew the fastest in Vietnam ($40.2M), Mexico ($33.4M), Italy ($32.9M), Bangladesh ($25.1M), and Netherlands ($20.1M).
Between 2018 and 2019, the fastest growing importers of Knitted Hats were Germany ($23.8M), Switzerland ($21.2M), Poland ($19.8M), Hungary ($14.2M), and Italy ($12.2M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Knitted Hats.
In 2019, market concentration measured using Shannon Entropy, was 3.31. This means that most of the exports of Knitted Hats are explained by 9 countries.
TOP NET EXPORTER (2019): China, $2.95B
TOP NET IMPORTER (2019): United States, $1.53B
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 2019.
In 2019, the countries that had a largest trade value in exports than in imports of Knitted Hats were China ($2.95B), Vietnam ($342M), Bangladesh ($330M), Italy ($64.5M), and Chinese Taipei ($39.5M).
In 2019, the countries that had a largest trade value in imports than in exports of Knitted Hats were United States ($1.53B), Japan ($335M), Germany ($199M), United Kingdom ($189M), and Canada ($163M).
In 2019, the world most traded Knitted Hats, disaggragated by their HS6 level were Hats and other headgear, knit or... ($5.86B) and Hair-nets of any material ($23.7k)
In 2018, the average tariff for importing Knitted Hats was 15.8%. The countries with the highest tariffs for importing Knitted Hats were Syria (46%), Iran (45%), Bahamas (41.3%), Cape Verde (40%), and Zimbabwe (36.5%).
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.
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