2023
Exports
$334MWorld Rnk 5 / 212
Flag Rnk 186 / 1189
2023
PRODUCT COMPLEXITY IN Knitted Hats
-1.54Rnk 949 / 1025
2023
Imports
$165MWorld Rnk 12 / 225
Flag Rnk 353 / 1209
2023
ECONOMIC COMPLEXITY of Mexico
1.09Rnk 25 / 132

About

Exports In 2023, Mexico exported $334M in Knitted Hats, making it the 5th largest exporter of Knitted Hats in the world. At the same year, Knitted Hats was the 186th most exported product in Mexico. The main destination of Knitted Hats exports from Mexico are: United States ($302M), Netherlands ($13.1M), Japan ($10.2M), Canada ($2.87M), and Guatemala ($1.04M).

The fastest growing export markets for Knitted Hats of Mexico between 2022 and 2023 were United States ($180M), Netherlands ($13M), and Canada ($869k).

Imports In 2023, Mexico imported $165M in Knitted Hats, becoming the 12th largest importer of Knitted Hats in the world. At the same year, Knitted Hats was the 353rd most imported product in Mexico. Mexico imports Knitted Hats primarily from: China ($91.7M), United States ($44.2M), Vietnam ($9.06M), Bangladesh ($8.55M), and Burma ($2.89M).

The fastest growing import markets in Knitted Hats for Mexico between 2022 and 2023 were United States ($25M), Burma ($1.78M), and Vietnam ($1.01M).

Latest Trends

Jan 2025

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 (2023)$334M
IMPORTS (2023)$165M
NET TRADE (2023)$168M

In 2023, Mexico exported $334M in Knitted Hats. The main destinations of Mexico exports on Knitted Hats were United States ($302M), Netherlands ($13.1M), Japan ($10.2M), Canada ($2.87M), and Guatemala ($1.04M).

In 2023, Mexico imported $165M in Knitted Hats, mainly from China ($91.7M), United States ($44.2M), Vietnam ($9.06M), Bangladesh ($8.55M), and Burma ($2.89M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Knitted Hats EXPORT MARKETS FOR Mexico WERE (2022 - 2023):
United States$180M (147%)
Netherlands$13M (23.5k%)
Canada$869k (43.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knitted Hats BY Mexico WERE (2022 - 2023):
Japan-$1.04M (-9.22%)
Costa Rica-$254k (-72.8%)
South Korea-$125k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Mexico's main exporting competitors in Knitted Hats were:
In 2023, Mexico'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+ $24.7M
TOP IMPORT POTENTIALBangladesh+ $6.15M

Knitted Hats’s highest export potential is United States. With an export gap of $24.7M.   Knitted Hats’s highest import potential is Bangladesh with an import gap of $6.15M.

See methodology.

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