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650590 (Harmonized System 1992 for 6-digit)

2022
World Trade $8.73BRnk 469 / 4648
2022
Top Exporter | Top Importer $4.21B | $2.59BChina | United States
2022
Product Complexity -1.52Rnk 4282 / 4653
2021 - 2022
Export Growth (CAGR) 28.3%Rnk 456 / 4648
2022
Share of World Trade 0.037%Rnk 469 / 4648

About

Overview This page contains the latest trade data of Hats and other headgear, knit or crochet, nes. In 2022, Hats and other headgear, knit or crochet, nes were the world's 469th most traded product, with a total trade of $8.73B. Between 2021 and 2022 the exports of Hats and other headgear, knit or crochet, nes grew by 28.3%, from $6.8B to $8.73B. Trade in Hats and other headgear, knit or crochet, nes represent 0.037% of total world trade.

Hats and other headgear, knit or crochet, nes are a part of Knitted Hats.

Exports In 2022 the top exporters of Hats and other headgear, knit or crochet, nes  were China ($4.21B), Bangladesh ($726M), Vietnam ($665M), Italy ($411M), and Germany ($356M).

Imports In 2022 the top importers of Hats and other headgear, knit or crochet, nes were United States ($2.59B), Germany ($734M), Japan ($388M), France ($376M), and United Kingdom ($309M).

Ranking Hats and other headgear, knit or crochet, nes ranks 4282nd in the Product Complexity Index (PCI).

Description -

Latest Trends

Latest Data

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The following visualization shows the latest trends on Hats and other headgear, knit or crochet, nes. 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 (2022)China$4.21B
Top Destination (2022)United States$2.59B

In 2022 Hats and other headgear, knit or crochet, nes were the world's 469th most traded product (out of 4,648).

In 2022, the top exporters of Hats and other headgear, knit or crochet, nes were China ($4.21B), Bangladesh ($726M), Vietnam ($665M), Italy ($411M), and Germany ($356M).

In 2022, the top importers of Hats and other headgear, knit or crochet, nes were United States ($2.59B), Germany ($734M), Japan ($388M), France ($376M), and United Kingdom ($309M).

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Exporters of Hats and other headgear, knit or crochet, nes (2022)
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Importers of Hats and other headgear, knit or crochet, nes (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$994M
Top Destination Growth (2021 -  2022)United States$641M

Between 2021 and 2022, the exports of Hats and other headgear, knit or crochet, nes grew the fastest in China ($994M), Bangladesh ($265M), Vietnam ($237M), Germany ($64M), and Italy ($59.7M).

Between 2021 and 2022, the fastest growing importers of Hats and other headgear, knit or crochet, nes were United States ($641M), Germany ($131M), France ($93.6M), Canada ($93.2M), and Japan ($90.7M).

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Exporters of Hats and other headgear, knit or crochet, nes (2021 - 2022)

Importers of Hats and other headgear, knit or crochet, nes (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Hats and other headgear, knit or crochet, nes.

In 2022, market concentration measured using Shannon Entropy, was 3.39. This means that most of the exports of Hats and other headgear, knit or crochet, nes are explained by 10 countries.

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Value of Exports in Hats and other headgear, knit or crochet, nes

Net Trade

TOP NET EXPORTER (2022)China$4.1B
TOP NET IMPORTER (2022)United States$2.47B

This map shows which countries export or import more of Hats and other headgear, knit or crochet, nes. Each country is colored based on the difference in exports and imports of Hats and other headgear, knit or crochet, nes during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Hats and other headgear, knit or crochet, nes were China ($4.1B), Bangladesh ($724M), Vietnam ($628M), Italy ($147M), and Cambodia ($91.6M).

In 2022, the countries that had a largest trade value in imports than in exports of Hats and other headgear, knit or crochet, nes were United States ($2.47B), Germany ($378M), Japan ($376M), Canada ($259M), and United Kingdom ($246M).

Net Trade (2022)

Country Comparison

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Ranking

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

Top 10 Exporters Countries of Hats and other headgear, knit or crochet, nes 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 (2022)

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