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650400 (Harmonized System 1992 for 6-digit)

2022
World Trade $523MRnk 2887 / 4648
2022
Top Exporter | Top Importer $298M | $175MChina | United States
2022
Product Complexity -1.36Rnk 4145 / 4653
2021 - 2022
Export Growth (CAGR) 35.8%Rnk 299 / 4648
2022
Share of World Trade 0.0022%Rnk 2887 / 4648

About

Overview This page contains the latest trade data of Hats, plaited or made by assembling strips of materia. In 2022, Hats, plaited or made by assembling strips of materia were the world's 2887th most traded product, with a total trade of $523M. Between 2021 and 2022 the exports of Hats, plaited or made by assembling strips of materia grew by 35.8%, from $385M to $523M. Trade in Hats, plaited or made by assembling strips of materia represent 0.0022% of total world trade.

Hats, plaited or made by assembling strips of materia are a part of Hats.

Exports In 2022 the top exporters of Hats, plaited or made by assembling strips of materia  were China ($298M), Mexico ($45M), Italy ($24.4M), United States ($13.5M), and Vietnam ($13.5M).

Imports In 2022 the top importers of Hats, plaited or made by assembling strips of materia were United States ($175M), Germany ($30.9M), United Kingdom ($25.2M), France ($20.2M), and Japan ($18.8M).

Ranking Hats, plaited or made by assembling strips of materia ranks 4145th in the Product Complexity Index (PCI).

Description Hats are used for many purposes such as shielding the wearer's head and face from the sun, rain, and snow. Hats can be constructed of many different materials, such as straw, felt, or wool, depending on what the wearer is seeking to accomplish.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Hats, plaited or made by assembling strips of materia. 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$298M
Top Destination (2022)United States$175M

In 2022 Hats, plaited or made by assembling strips of materia were the world's 2887th most traded product (out of 4,648).

In 2022, the top exporters of Hats, plaited or made by assembling strips of materia were China ($298M), Mexico ($45M), Italy ($24.4M), United States ($13.5M), and Vietnam ($13.5M).

In 2022, the top importers of Hats, plaited or made by assembling strips of materia were United States ($175M), Germany ($30.9M), United Kingdom ($25.2M), France ($20.2M), and Japan ($18.8M).

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Exporters of Hats, plaited or made by assembling strips of materia (2022)
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Importers of Hats, plaited or made by assembling strips of materia (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$89.4M
Top Destination Growth (2021 -  2022)United States$57.9M

Between 2021 and 2022, the exports of Hats, plaited or made by assembling strips of materia grew the fastest in China ($89.4M), Mexico ($14.4M), Ecuador ($4.68M), Italy ($4.26M), and Vietnam ($3.87M).

Between 2021 and 2022, the fastest growing importers of Hats, plaited or made by assembling strips of materia were United States ($57.9M), United Kingdom ($12.3M), Spain ($8.56M), Germany ($6.31M), and Italy ($5.71M).

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Exporters of Hats, plaited or made by assembling strips of materia (2021 - 2022)

Importers of Hats, plaited or made by assembling strips of materia (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Hats, plaited or made by assembling strips of materia.

In 2022, market concentration measured using Shannon Entropy, was 2.99. This means that most of the exports of Hats, plaited or made by assembling strips of materia are explained by 7 countries.

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Value of Exports in Hats, plaited or made by assembling strips of materia

Net Trade

TOP NET EXPORTER (2022)China$293M
TOP NET IMPORTER (2022)United States$161M

This map shows which countries export or import more of Hats, plaited or made by assembling strips of materia. Each country is colored based on the difference in exports and imports of Hats, plaited or made by assembling strips of materia during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Hats, plaited or made by assembling strips of materia were China ($293M), Mexico ($32.8M), Vietnam ($12.3M), Italy ($9.82M), and Ecuador ($9.29M).

In 2022, the countries that had a largest trade value in imports than in exports of Hats, plaited or made by assembling strips of materia were United States ($161M), United Kingdom ($21M), Germany ($20.9M), Japan ($18.2M), and Australia ($15.6M).

Net Trade (2022)

Country Comparison

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Measure
Ranking

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

Top 10 Exporters Countries of Hats, plaited or made by assembling strips of materia 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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