Knitted Hats6505 (Harmonized System 1992 for 4-digit)
World Trade (2018): $5.8B, Rnk 466 / 1225
Top Exporter (2018): $3.18B, China
Top Importer (2018): $1.7B, United States
Product Complexity (2018): -2.17, Rnk 1004 / 1018
Export Growth (CAGR)(2017 - 2018): 9.05%, Rnk 816 / 1225
Mean Tariff (2018): 15.8%, Rnk 171 / 1259
Share of World Trade (2018): 0.032%, Rnk 466 / 1225
Overview: This page contains the latest trade data of Knitted Hats. In 2018, Knitted Hats were the world's 466th most traded product, with a total trade of $5.8B. Between 2017 and 2018 the exports of Knitted Hats grew by 9.05%, from $5.32B to $5.8B. Trade in Knitted Hats represent 0.032% of total world trade.
Exports: In 2018 the top exporters of Knitted Hats were China ($3.18B), Vietnam ($357M), Bangladesh ($278M), Germany ($233M), and Italy ($201M).
Imports: In 2018 the top importers of Knitted Hats were United States ($1.7B), Germany ($431M), Japan ($350M), United Kingdom ($296M), and France ($290M).
Tariffs: In 2018 the average tariff for Knitted Hats was 15.8%, been the 171 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 1004th in the Product Complexity Index (PCI).
Trade By Country
Top Origin (2018): China, $3.18B
Top Destination (2018): United States, $1.7B
Knitted Hats are the world's 466th most traded product.
In 2018, the top exporters of Knitted Hats were China ($3.18B), Vietnam ($357M), Bangladesh ($278M), Germany ($233M), and Italy ($201M).
In 2018, the top importers of Knitted Hats were United States ($1.7B), Germany ($431M), Japan ($350M), United Kingdom ($296M), and France ($290M).
Trade by country
Top Origin Growth (2017 - 2018): Netherlands, $90.2M
Top Destination Growth (2017 - 2018): South Korea, $57.5M
Between 2017 and 2018, the exports of Knitted Hats grew the fastest in Netherlands ($90.2M), Germany ($78.7M), Italy ($57.2M), Belgium-Luxembourg ($53.6M), and France ($49.3M).
Between 2017 and 2018, the fastest growing importers of Knitted Hats were South Korea ($57.5M), Germany ($55.5M), France ($52.4M), United Kingdom ($37M), and Poland ($36.9M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Knitted Hats.
In 2018, market concentration measured using Shannon Entropy, was 3.12. This means that most of the exports of Knitted Hats are explained by 8 countries.
TOP NET EXPORTER (2018): China, $3.14B
TOP NET IMPORTER (2018): United States, $1.62B
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 2018.
In 2018, the countries that had a largest trade value in exports than in imports of Knitted Hats were China ($3.14B), Vietnam ($331M), Bangladesh ($277M), Chinese Taipei ($46.1M), and Italy ($42.9M).
In 2018, the countries that had a largest trade value in imports than in exports of Knitted Hats were United States ($1.62B), Japan ($342M), Germany ($199M), United Kingdom ($192M), and France ($171M).
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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