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Exports In 2022, Bulgaria exported $1.08M in Hats, making it the 32nd largest exporter of Hats in the world. At the same year, Hats was the 795th most exported product in Bulgaria. The main destination of Hats exports from Bulgaria are: Italy ($568k), Germany ($131k), United Kingdom ($94.9k), Austria ($70.1k), and Belgium ($33.1k).

The fastest growing export markets for Hats of Bulgaria between 2021 and 2022 were Italy ($124k), United Kingdom ($92.3k), and Norway ($9.44k).

Imports In 2022, Bulgaria imported $730k in Hats, becoming the 59th largest importer of Hats in the world. At the same year, Hats was the 976th most imported product in Bulgaria. Bulgaria imports Hats primarily from: China ($131k), Italy ($108k), Poland ($107k), Turkey ($79.5k), and Romania ($75.1k).

The fastest growing import markets in Hats for Bulgaria between 2021 and 2022 were China ($110k), Romania ($64.1k), and Turkey ($58.4k).

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Hats. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.08M
IMPORTS (2022)$730k
NET TRADE (2022)$345k

In 2022, Bulgaria exported $1.08M in Hats. The main destinations of Bulgaria exports on Hats were Italy ($568k), Germany ($131k), United Kingdom ($94.9k), Austria ($70.1k), and Belgium ($33.1k).

In 2022, Bulgaria imported $730k in Hats, mainly from China ($131k), Italy ($108k), Poland ($107k), Turkey ($79.5k), and Romania ($75.1k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hats EXPORT MARKETS FOR Bulgaria WERE (2021 - 2022):
Italy$124k (27.9%)
United Kingdom$92.3k (3.55k%)
Norway$9.44k (196%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hats BY Bulgaria WERE (2021 - 2022):
Denmark-$153k (-94.8%)
United States-$113k (-78.3%)
Canada-$88.2k (-98%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Bulgaria's main exporting competitors in Hats were:
China $298M
Italy $24.4M
In 2022, Bulgaria's main importing competitors in Hats were:

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Trade Value of Hats by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $58.2k
TOP IMPORT POTENTIALChina+ $72.2k

Hats’s highest export potential is United States. With an export gap of $58.2k.   Hats’s highest import potential is China with an import gap of $72.2k.

See methodology.

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