2022
Exports
$665MWorld Rnk 3 / 208
Flag Rnk 96 / 1176
2022
PRODUCT COMPLEXITY IN Knitted Hats
-1.26Rnk 897 / 1025
2022
Imports
$37.6MWorld Rnk 35 / 220
Flag Rnk 609 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $665M in Knitted Hats, making it the 3rd largest exporter of Knitted Hats in the world. At the same year, Knitted Hats was the 96th most exported product in Vietnam. The main destination of Knitted Hats exports from Vietnam are: United States ($428M), Japan ($49.8M), South Korea ($42.8M), Canada ($26.1M), and China ($11.9M).

The fastest growing export markets for Knitted Hats of Vietnam between 2021 and 2022 were United States ($162M), Canada ($18.6M), and Japan ($13.2M).

Imports In 2022, Vietnam imported $37.6M in Knitted Hats, becoming the 35th largest importer of Knitted Hats in the world. At the same year, Knitted Hats was the 609th most imported product in Vietnam. Vietnam imports Knitted Hats primarily from: China ($34M), South Korea ($1.25M), Singapore ($892k), United Arab Emirates ($234k), and Malaysia ($176k).

The fastest growing import markets in Knitted Hats for Vietnam between 2021 and 2022 were Singapore ($743k), South Korea ($527k), and United Arab Emirates ($231k).

COMPANIES In 2023, leading companies such as Gap (80), Callaway Golf (73), and Old Navy (73) were at the forefront of shipping Knitted Hats from Vietnam 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)$665M
IMPORTS (2022)$37.6M
NET TRADE (2022)$628M

In 2022, Vietnam exported $665M in Knitted Hats. The main destinations of Vietnam exports on Knitted Hats were United States ($428M), Japan ($49.8M), South Korea ($42.8M), Canada ($26.1M), and China ($11.9M).

In 2022, Vietnam imported $37.6M in Knitted Hats, mainly from China ($34M), South Korea ($1.25M), Singapore ($892k), United Arab Emirates ($234k), and Malaysia ($176k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knitted Hats EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
United States$162M (60.7%)
Canada$18.6M (249%)
Japan$13.2M (36.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knitted Hats BY Vietnam WERE (2021 - 2022):
China-$4.94M (-29.3%)
Austria-$662k (-75.4%)
Honduras-$175k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Knitted Hats were:
In 2022, Vietnam'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 POTENTIALChina+ $15.1M
TOP IMPORT POTENTIALChina+ $14.3M

Knitted Hats’s highest export potential is China. With an export gap of $15.1M.   Knitted Hats’s highest import potential is China with an import gap of $14.3M.

See methodology.

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