2022
Exports
$38.3MWorld Rnk 24 / 208
Flag Rnk 642 / 1212
2022
PRODUCT COMPLEXITY IN Knitted Hats
-1.26Rnk 897 / 1025
2022
Imports
$67.3MWorld Rnk 22 / 220
Flag Rnk 552 / 1206
2022
ECONOMIC COMPLEXITY of India
0.64Rnk 40 / 133

About

Exports In 2022, India exported $38.3M in Knitted Hats, making it the 24th largest exporter of Knitted Hats in the world. At the same year, Knitted Hats was the 642nd most exported product in India. The main destination of Knitted Hats exports from India are: United States ($9.9M), Germany ($3.74M), United Kingdom ($3.17M), Poland ($1.75M), and Oman ($1.65M).

The fastest growing export markets for Knitted Hats of India between 2021 and 2022 were Germany ($1.07M), Poland ($597k), and Benin ($594k).

Imports In 2022, India imported $67.3M in Knitted Hats, becoming the 22nd largest importer of Knitted Hats in the world. At the same year, Knitted Hats was the 552nd most imported product in India. India imports Knitted Hats primarily from: China ($57.6M), Bangladesh ($3.94M), Sri Lanka ($1.35M), Philippines ($737k), and Vietnam ($600k).

The fastest growing import markets in Knitted Hats for India between 2021 and 2022 were China ($25.6M), Bangladesh ($767k), and Sri Lanka ($766k).

COMPANIES In 2023, leading companies such as American Eagle Outfitters (3) and JP Boden Services (1) were at the forefront of shipping Knitted Hats from India to the United States.

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)$38.3M
IMPORTS (2022)$67.3M
NET TRADE (2022)-$29M

In 2022, India exported $38.3M in Knitted Hats. The main destinations of India exports on Knitted Hats were United States ($9.9M), Germany ($3.74M), United Kingdom ($3.17M), Poland ($1.75M), and Oman ($1.65M).

In 2022, India imported $67.3M in Knitted Hats, mainly from China ($57.6M), Bangladesh ($3.94M), Sri Lanka ($1.35M), Philippines ($737k), and Vietnam ($600k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knitted Hats EXPORT MARKETS FOR India WERE (2021 - 2022):
Germany$1.07M (40.1%)
Poland$597k (51.7%)
Benin$594k (615%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knitted Hats BY India WERE (2021 - 2022):
United States-$1.51M (-13.2%)
Nigeria-$1.18M (-47.9%)
Oman-$534k (-24.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Knitted Hats by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $9.15M
TOP IMPORT POTENTIALChina+ $23.2M

Knitted Hats’s highest export potential is United States. With an export gap of $9.15M.   Knitted Hats’s highest import potential is China with an import gap of $23.2M.

See methodology.

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