2022
Exports
$44MWorld Rnk 22 / 208
Flag Rnk 329 / 1214
2022
PRODUCT COMPLEXITY IN Knitted Hats
-1.26Rnk 897 / 1025
2022
Imports
$67.9MWorld Rnk 21 / 220
Flag Rnk 329 / 1214
2022
ECONOMIC COMPLEXITY of Denmark
1.01Rnk 27 / 133

About

Exports In 2022, Denmark exported $44M in Knitted Hats, making it the 22nd largest exporter of Knitted Hats in the world. At the same year, Knitted Hats was the 329th most exported product in Denmark. The main destination of Knitted Hats exports from Denmark are: Germany ($11.2M), Sweden ($9.33M), Norway ($3.6M), Netherlands ($2.93M), and Poland ($2.59M).

The fastest growing export markets for Knitted Hats of Denmark between 2021 and 2022 were Poland ($1.35M), Germany ($658k), and France ($437k).

Imports In 2022, Denmark imported $67.9M in Knitted Hats, becoming the 21st largest importer of Knitted Hats in the world. At the same year, Knitted Hats was the 329th most imported product in Denmark. Denmark imports Knitted Hats primarily from: China ($28.7M), Germany ($7.95M), Sweden ($4.53M), Lithuania ($4.17M), and Netherlands ($4.04M).

The fastest growing import markets in Knitted Hats for Denmark between 2021 and 2022 were China ($7.37M), Netherlands ($1.92M), and Vietnam ($1.17M).

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 Knitted 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)$44M
IMPORTS (2022)$67.9M
NET TRADE (2022)-$23.9M

In 2022, Denmark exported $44M in Knitted Hats. The main destinations of Denmark exports on Knitted Hats were Germany ($11.2M), Sweden ($9.33M), Norway ($3.6M), Netherlands ($2.93M), and Poland ($2.59M).

In 2022, Denmark imported $67.9M in Knitted Hats, mainly from China ($28.7M), Germany ($7.95M), Sweden ($4.53M), Lithuania ($4.17M), and Netherlands ($4.04M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knitted Hats EXPORT MARKETS FOR Denmark WERE (2021 - 2022):
Poland$1.35M (108%)
Germany$658k (6.27%)
France$437k (38.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knitted Hats BY Denmark WERE (2021 - 2022):
Sweden-$1.22M (-11.6%)
United Kingdom-$785k (-36.3%)
China-$185k (-60.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Denmark's main exporting competitors in Knitted Hats were:
In 2022, Denmark's main importing competitors in Knitted Hats were:

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Trade Value of Knitted Hats by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALGermany+ $3.39M
TOP IMPORT POTENTIALGermany+ $2.2M

Knitted Hats’s highest export potential is Germany. With an export gap of $3.39M.   Knitted Hats’s highest import potential is Germany with an import gap of $2.2M.

See methodology.

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