2022
Exports
$62.3kWorld Rnk 119 / 208
Flag Rnk 502 / 918
2022
PRODUCT COMPLEXITY IN Knitted Hats
-1.26Rnk 897 / 1025
2022
Imports
$4.96MWorld Rnk 77 / 220
Flag Rnk 371 / 1152
2022
ECONOMIC COMPLEXITY of Uruguay
0.15Rnk 57 / 133

About

Exports In 2022, Uruguay exported $62.3k in Knitted Hats, making it the 119th largest exporter of Knitted Hats in the world. At the same year, Knitted Hats was the 502nd most exported product in Uruguay. The main destination of Knitted Hats exports from Uruguay are: Italy ($14.2k), United States ($8.72k), Panama ($6.71k), Brazil ($6.15k), and Germany ($5.69k).

The fastest growing export markets for Knitted Hats of Uruguay between 2021 and 2022 were Italy ($14.2k), United States ($7.55k), and Panama ($6.71k).

Imports In 2022, Uruguay imported $4.96M in Knitted Hats, becoming the 77th largest importer of Knitted Hats in the world. At the same year, Knitted Hats was the 371st most imported product in Uruguay. Uruguay imports Knitted Hats primarily from: China ($3.79M), Brazil ($295k), Bangladesh ($125k), Argentina ($123k), and Vietnam ($89.8k).

The fastest growing import markets in Knitted Hats for Uruguay between 2021 and 2022 were China ($796k), Bangladesh ($67.3k), and Brazil ($63.4k).

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)$62.3k
IMPORTS (2022)$4.96M
NET TRADE (2022)-$4.9M

In 2022, Uruguay exported $62.3k in Knitted Hats. The main destinations of Uruguay exports on Knitted Hats were Italy ($14.2k), United States ($8.72k), Panama ($6.71k), Brazil ($6.15k), and Germany ($5.69k).

In 2022, Uruguay imported $4.96M in Knitted Hats, mainly from China ($3.79M), Brazil ($295k), Bangladesh ($125k), Argentina ($123k), and Vietnam ($89.8k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knitted Hats EXPORT MARKETS FOR Uruguay WERE (2021 - 2022):
Italy$14.2k (1%)
United States$7.55k (641%)
Panama$6.71k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knitted Hats BY Uruguay WERE (2021 - 2022):
Chile-$3.12k (-81.2%)
Argentina-$1.73k (-100%)
Paraguay-$983 (-71.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Uruguay's main exporting competitors in Knitted Hats were:
In 2022, Uruguay'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+ $24.2k
TOP IMPORT POTENTIALChina+ $389k

Knitted Hats’s highest export potential is United States. With an export gap of $24.2k.   Knitted Hats’s highest import potential is China with an import gap of $389k.

See methodology.

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