2022
Exports
$2.59MWorld Rnk 69 / 208
Flag Rnk 238 / 1030
2022
PRODUCT COMPLEXITY IN Knitted Hats
-1.26Rnk 897 / 1025
2022
Imports
$9.2MWorld Rnk 68 / 220
Flag Rnk 383 / 1163
2022
ECONOMIC COMPLEXITY of Dominican Republic
0.052Rnk 62 / 133

About

Exports In 2022, Dominican Republic exported $2.59M in Knitted Hats, making it the 69th largest exporter of Knitted Hats in the world. At the same year, Knitted Hats was the 238th most exported product in Dominican Republic. The main destination of Knitted Hats exports from Dominican Republic are: United States ($2.07M), Netherlands ($278k), Dominican Republic ($93.9k), Germany ($38k), and Barbados ($31.3k).

The fastest growing export markets for Knitted Hats of Dominican Republic between 2021 and 2022 were Netherlands ($275k), Dominican Republic ($92.4k), and Barbados ($20.9k).

Imports In 2022, Dominican Republic imported $9.2M in Knitted Hats, becoming the 68th largest importer of Knitted Hats in the world. At the same year, Knitted Hats was the 383rd most imported product in Dominican Republic. Dominican Republic imports Knitted Hats primarily from: China ($4.07M), Bangladesh ($3.46M), United States ($644k), Vietnam ($203k), and Dominican Republic ($93.9k).

The fastest growing import markets in Knitted Hats for Dominican Republic between 2021 and 2022 were Bangladesh ($2.75M), China ($1.25M), and United States ($116k).

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)$2.59M
IMPORTS (2022)$9.2M
NET TRADE (2022)-$6.61M

In 2022, Dominican Republic exported $2.59M in Knitted Hats. The main destinations of Dominican Republic exports on Knitted Hats were United States ($2.07M), Netherlands ($278k), Dominican Republic ($93.9k), Germany ($38k), and Barbados ($31.3k).

In 2022, Dominican Republic imported $9.2M in Knitted Hats, mainly from China ($4.07M), Bangladesh ($3.46M), United States ($644k), Vietnam ($203k), and Dominican Republic ($93.9k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knitted Hats EXPORT MARKETS FOR Dominican Republic WERE (2021 - 2022):
Netherlands$275k (9.33k%)
Dominican Republic$92.4k (6.15k%)
Barbados$20.9k (201%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knitted Hats BY Dominican Republic WERE (2021 - 2022):
United States-$1.05M (-33.6%)
Costa Rica-$25.3k (-100%)
Saudi Arabia-$15.5k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Dominican Republic's main exporting competitors in Knitted Hats were:
In 2022, Dominican Republic'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 POTENTIALUnited States+ $1.28M
TOP IMPORT POTENTIALChina+ $942k

Knitted Hats’s highest export potential is United States. With an export gap of $1.28M.   Knitted Hats’s highest import potential is China with an import gap of $942k.

See methodology.

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