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2022
Exports $411MWorld Rnk 4 / 208
Flag Rnk 275 / 1217
2022
Destination $17.7M France
2021 - 2022
FASTEST GROWING MARKET $17.7MFrance
2022
PRODUCT COMPLEXITY IN Knitted Hats-1.26Rnk 897 / 1025
2022
Imports $264MWorld Rnk 9 / 220
Flag Rnk 372 / 1215
2022
Origin $29.7M China
2021 - 2022
FASTEST GROWING ORIGIN $29.7MChina
2022
ECONOMIC COMPLEXITY of Italy1.29Rnk 17 / 133

About

Exports In 2022, Italy exported $411M in Knitted Hats, making it the 4th largest exporter of Knitted Hats in the world. At the same year, Knitted Hats was the 275th most exported product in Italy. The main destination of Knitted Hats exports from Italy are: France ($62M), Switzerland ($49.4M), United States ($46.7M), Germany ($45.9M), and United Kingdom ($22.1M).

The fastest growing export markets for Knitted Hats of Italy between 2021 and 2022 were France ($17.7M), South Korea ($7.53M), and United States ($6.28M).

Imports In 2022, Italy imported $264M in Knitted Hats, becoming the 9th largest importer of Knitted Hats in the world. At the same year, Knitted Hats was the 372nd most imported product in Italy. Italy imports Knitted Hats primarily from: China ($90.6M), Netherlands ($32.3M), France ($31.7M), Germany ($24M), and Spain ($14.4M).

The fastest growing import markets in Knitted Hats for Italy between 2021 and 2022 were China ($29.7M), Greece ($9.48M), and Netherlands ($8.66M).

Latest Trends

March 2024

About

Overview In March 2024 Italy's Knitted Hats exports accounted up to €29.6M and imports accounted up to €17M, resulting in a positive trade balance of €12.6M. Between March 2023 and March 2024 the exports of Italy's   Knitted Hats have decreased by €-2.06M (-6.51%) from €31.6M to €29.6M, while imports decreased by €-1.5M (-8.13%) from €18.5M to €17M.

Destinations In March 2024, Knitted Hats were exported mostly to France (€5.49M), United States (€3.28M), Germany (€2.67M), China (€2.28M), and Spain (€1.83M), and were imported mostly from China (€5.06M), Netherlands (€2.91M), France (€2.44M), Germany (€1.4M), and Spain (€1.35M).

Growth In March 2024, the decrease in Knitted Hats's year-by-year exports was explained primarily by a decrease in exports to Switzerland (€-1.65M or -33.4%), Romania (€-65.1k or -20.8%), and Croatia (€-25.5k or -24.1%). In March 2024, the decrease in Knitted Hats's year-by-year imports was explained primarily by a decrease in imports from Greece (€-501k or -51.7%), Vietnam (€-172k or -41%), and Cambodia (€-77k or -18.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (March 2023 - March 2024)€-2.06M(-6.51%)
IMPORT GROWTH (March 2023 - March 2024)€-1.5M(-8.13%)
MAIN DESTINATION (March 2024)France€5.49M

This section shows Knitted Hats's exports and imports data at subnational level for Italy. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Knitted Hats over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$411M
IMPORTS (2022)$264M
NET TRADE (2022)$147M

In 2022, Italy exported $411M in Knitted Hats. The main destinations of Italy exports on Knitted Hats were France ($62M), Switzerland ($49.4M), United States ($46.7M), Germany ($45.9M), and United Kingdom ($22.1M).

In 2022, Italy imported $264M in Knitted Hats, mainly from China ($90.6M), Netherlands ($32.3M), France ($31.7M), Germany ($24M), and Spain ($14.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knitted Hats EXPORT MARKETS FOR Italy WERE (2021 - 2022):
France$17.7M (40%)
South Korea$7.53M (74.7%)
United States$6.28M (15.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knitted Hats BY Italy WERE (2021 - 2022):
Switzerland-$6.72M (-12%)
United Kingdom-$2.33M (-9.53%)
Russia-$1.6M (-18.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Italy's main exporting competitors in Knitted Hats were:
China $4.21B
Bangladesh $726M
Vietnam $665M
In 2022, Italy's main importing competitors in Knitted Hats were:
United States $2.59B
Germany $734M
Japan $388M

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Trade Value of Knitted Hats by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $17.6M
TOP IMPORT POTENTIALChina+ $13.2M

Knitted Hats’s highest export potential is United States. With an export gap of $17.6M.   Knitted Hats’s highest import potential is China with an import gap of $13.2M.

See methodology.

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