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650400 (Harmonized System 1992 for 6-digit)

2023
World Trade $514MRnk 2823 / 4644
2023
Top Exporter | Top Importer $299M | $140MChina | United States
2023
Product Complexity -1.58Rnk 4323 / 4656
2022 - 2023
Export Growth (CAGR) -0.02%Rnk 1555 / 4644
2023
Share of World Trade 0.0023%Rnk 2823 / 4644

About

Overview This page contains the latest trade data of Hats, plaited or made by assembling strips of materia. In 2023, Hats, plaited or made by assembling strips of materia were the world's 2823rd most traded product, with a total trade of $514M. Between 2022 and 2023 the exports of Hats, plaited or made by assembling strips of materia decreased by -0.02%, from $514M to $514M. Trade in Hats, plaited or made by assembling strips of materia represent 0.0023% of total world trade.

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

Exports In 2023 the top exporters of Hats, plaited or made by assembling strips of materia  were China ($299M), Mexico ($50.4M), Italy ($25.4M), Greece ($11.1M), and United States ($11M).

Imports In 2023 the top importers of Hats, plaited or made by assembling strips of materia were United States ($140M), Germany ($26.5M), Italy ($23.4M), United Kingdom ($21.4M), and Greece ($21.4M).

Ranking Hats, plaited or made by assembling strips of materia ranks 4323rd 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 (2023)China$299M
Top Destination (2023)United States$140M

In 2023 Hats, plaited or made by assembling strips of materia were the world's 2823rd most traded product (out of 4,644).

In 2023, the top exporters of Hats, plaited or made by assembling strips of materia were China ($299M), Mexico ($50.4M), Italy ($25.4M), Greece ($11.1M), and United States ($11M).

In 2023, the top importers of Hats, plaited or made by assembling strips of materia were United States ($140M), Germany ($26.5M), Italy ($23.4M), United Kingdom ($21.4M), and Greece ($21.4M).

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Exporters of Hats, plaited or made by assembling strips of materia (2023)
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Importers of Hats, plaited or made by assembling strips of materia (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Greece$9.01M
Top Destination Growth (2022 -  2023)Greece$15.9M

Between 2022 and 2023, the exports of Hats, plaited or made by assembling strips of materia grew the fastest in Greece ($9.01M), France ($2.71M), Italy ($2.67M), Spain ($2.04M), and Germany ($1.74M).

Between 2022 and 2023, the fastest growing importers of Hats, plaited or made by assembling strips of materia were Greece ($15.9M), Mexico ($12.6M), Italy ($10M), Hungary ($6.57M), and United Arab Emirates ($2.53M).

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Exporters of Hats, plaited or made by assembling strips of materia (2022 - 2023)

Importers of Hats, plaited or made by assembling strips of materia (2022 - 2023)

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 2023, market concentration measured using Shannon Entropy, was 2.87. 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 (2023)China$296M
TOP NET IMPORTER (2023)United States$129M

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 2023.

In 2023, 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 ($296M), Mexico ($30.4M), Ecuador ($9.98M), Vietnam ($7M), and Bangladesh ($4.58M).

In 2023, 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 ($129M), United Kingdom ($16.7M), Japan ($16.2M), Germany ($15.9M), and Australia ($15.5M).

Net Trade (2023)

Country Comparison

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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 (2023)

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