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650500 (Harmonized System 2012 for 6-digit)

2023
World Trade $8.32BRnk 447 / 5198
2023
Top Exporter | Top Importer $3.92B | $2.3BChina | United States
2023
Product Complexity -1.89Rnk 5008 / 5199
2022 - 2023
Export Growth (CAGR) -3.3%Rnk 2179 / 5198
2023
Share of World Trade 0.037%Rnk 447 / 5198

About

Overview This page contains the latest trade data of Hats and other headgear. In 2023, Hats and other headgear were the world's 447th most traded product, with a total trade of $8.32B. Between 2022 and 2023 the exports of Hats and other headgear decreased by -3.3%, from $8.6B to $8.32B. Trade in Hats and other headgear represent 0.037% of total world trade.

Hats and other headgear are a part of Hats and other headgear; knitted or crocheted, or made up from lace,....

Exports In 2023 the top exporters of Hats and other headgear  were China ($3.92B), Vietnam ($761M), Bangladesh ($629M), Italy ($426M), and Mexico ($330M).

Imports In 2023 the top importers of Hats and other headgear were United States ($2.3B), Germany ($559M), Japan ($505M), France ($397M), and Italy ($283M).

Ranking Hats and other headgear ranks 5008th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Hats and other headgear. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)China$3.92B
Top Destination (2023)United States$2.3B

In 2023 Hats and other headgear were the world's 447th most traded product (out of 5,198).

In 2023, the top exporters of Hats and other headgear were China ($3.92B), Vietnam ($761M), Bangladesh ($629M), Italy ($426M), and Mexico ($330M).

In 2023, the top importers of Hats and other headgear were United States ($2.3B), Germany ($559M), Japan ($505M), France ($397M), and Italy ($283M).

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Exporters of Hats and other headgear (2023)
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Importers of Hats and other headgear (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Mexico$191M
Top Destination Growth (2022 -  2023)Japan$61.3M

Between 2022 and 2023, the exports of Hats and other headgear grew the fastest in Mexico ($191M), United States ($48M), France ($32.1M), Netherlands ($31.6M), and Laos ($19.7M).

Between 2022 and 2023, the fastest growing importers of Hats and other headgear were Japan ($61.3M), China ($50.9M), Mexico ($27.6M), Kazakhstan ($24.9M), and Russia ($21.1M).

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Exporters of Hats and other headgear (2022 - 2023)

Importers of Hats and other headgear (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Hats and other headgear.

In 2023, market concentration measured using Shannon Entropy, was 3.39. This means that most of the exports of Hats and other headgear are explained by 10 countries.

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Value of Exports in Hats and other headgear

Net Trade

TOP NET EXPORTER (2023)China$3.78B
TOP NET IMPORTER (2023)United States$2.16B

This map shows which countries export or import more of Hats and other headgear. Each country is colored based on the difference in exports and imports of Hats and other headgear during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Hats and other headgear were China ($3.78B), Vietnam ($702M), Bangladesh ($627M), Mexico ($147M), and Italy ($143M).

In 2023, the countries that had a largest trade value in imports than in exports of Hats and other headgear were United States ($2.16B), Japan ($492M), Canada ($257M), Germany ($242M), and France ($219M).

Net Trade (2023)

Country Comparison

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Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Hats and other headgear.
It is possible to select the main countries that export or import Hats and other headgear in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Hats and other headgear by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2023)

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