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).
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).
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.
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 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.