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Exports In 2022, Iceland exported $3.32k in Hats, making it the 113th largest exporter of Hats in the world. At the same year, Hats was the 688th most exported product in Iceland. The main destination of Hats exports from Iceland are: Israel ($2k), Denmark ($659), Switzerland ($383), Netherlands ($127), and Sweden ($99).

The fastest growing export markets for Hats of Iceland between 2021 and 2022 were Israel ($2k), Denmark ($659), and Netherlands ($38).

Imports In 2022, Iceland imported $184k in Hats, becoming the 105th largest importer of Hats in the world. At the same year, Hats was the 801st most imported product in Iceland. Iceland imports Hats primarily from: China ($59.4k), Netherlands ($31.4k), United Kingdom ($17.5k), Poland ($13.4k), and United States ($10.6k).

The fastest growing import markets in Hats for Iceland between 2021 and 2022 were Netherlands ($30.2k), United Kingdom ($15.9k), and Poland ($4.06k).

Latest Trends

Sep 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)$3.32k
IMPORTS (2022)$184k
NET TRADE (2022)-$180k

In 2022, Iceland exported $3.32k in Hats. The main destinations of Iceland exports on Hats were Israel ($2k), Denmark ($659), Switzerland ($383), Netherlands ($127), and Sweden ($99).

In 2022, Iceland imported $184k in Hats, mainly from China ($59.4k), Netherlands ($31.4k), United Kingdom ($17.5k), Poland ($13.4k), and United States ($10.6k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hats EXPORT MARKETS FOR Iceland WERE (2021 - 2022):
Israel$2k (1%)
Denmark$659 (1%)
Netherlands$38 (42.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hats BY Iceland WERE (2021 - 2022):
Germany-$2.07k (-100%)
Canada-$381 (-100%)
Belgium-$364 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Hats by Exporters

Potential Exports

Potential Exports

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Hats’s highest export potential is N/A. With an export gap of N/A.   Hats’s highest import potential is N/A with an import gap of N/A.

See methodology.

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