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Headgear and parts thereof

65 (Harmonized System 1992 for 2-digit)

2022
World Trade $15.7BRnk 79 / 96
2022
Top Exporter | Top Importer $7.5B | $3.77BChina | United States
2022
Product Complexity -0.018Rnk 46 / 96
2021 - 2022
Export Growth (CAGR) 23%Rnk 8 / 96
2022
Share of World Trade 0.066%Rnk 79 / 96

About

Overview This page contains the latest trade data of Headgear. In 2022, Headgear were the world's 79th most traded product, with a total trade of $15.7B. Between 2021 and 2022 the exports of Headgear grew by 23%, from $12.7B to $15.7B. Trade in Headgear represent 0.066% of total world trade.

Headgear are a part of Footwear and Headwear. They include Knitted Hats, Other Headwear, Hats, Headbands and Linings, Hat Forms, Hat Shapes, and Felt Hats.

Exports In 2022 the top exporters of Headgear  were China ($7.5B), Vietnam ($879M), Italy ($746M), Bangladesh ($737M), and Germany ($691M).

Imports In 2022 the top importers of Headgear were United States ($3.77B), Germany ($1.32B), France ($817M), United Kingdom ($569M), and Netherlands ($569M).

Ranking Headgear ranks 46th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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Flow
Y-AXIS SCALE

The following visualization shows the latest trends on 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 (2022)China$7.5B
Top Destination (2022)United States$3.77B

In 2022 Headgear were the world's 79th most traded product (out of 96).

In 2022, the top exporters of Headgear were China ($7.5B), Vietnam ($879M), Italy ($746M), Bangladesh ($737M), and Germany ($691M).

In 2022, the top importers of Headgear were United States ($3.77B), Germany ($1.32B), France ($817M), United Kingdom ($569M), and Netherlands ($569M).

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Exporters of Headgear (2022)
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Importers of Headgear (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$1.59B
Top Destination Growth (2021 -  2022)United States$832M

Between 2021 and 2022, the exports of Headgear grew the fastest in China ($1.59B), Vietnam ($272M), Bangladesh ($267M), United States ($109M), and Germany ($71M).

Between 2021 and 2022, the fastest growing importers of Headgear were United States ($832M), Germany ($167M), Canada ($156M), France ($152M), and Netherlands ($139M).

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Exporters of Headgear (2021 - 2022)

Importers of Headgear (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Headgear.

In 2022, market concentration measured using Shannon Entropy, was 3.58. This means that most of the exports of Headgear are explained by 11 countries.

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Value of Exports in Headgear

Net Trade

TOP NET EXPORTER (2022)China$7.31B
TOP NET IMPORTER (2022)United States$3.33B

This map shows which countries export or import more of Headgear. Each country is colored based on the difference in exports and imports of Headgear during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Headgear were China ($7.31B), Vietnam ($742M), Bangladesh ($702M), Italy ($192M), and Chinese Taipei ($146M).

In 2022, the countries that had a largest trade value in imports than in exports of Headgear were United States ($3.33B), Germany ($629M), Canada ($467M), United Kingdom ($433M), and France ($329M).

Net Trade (2022)

Disaggregation

Value
Disaggregation

In 2022, the world most traded Headgear, disaggragated by their HS6 level were Knitted Hats ($8.73B), Other Headwear ($5.78B), Hats ($523M), Headbands and Linings ($446M), and Hat Forms ($133M)

HS6 Disaggregation for Headgear (2022)
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Country Comparison

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Measure
Ranking

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

Top 10 Exporters Countries of Headgear by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALRussia+ $58.2M
TOP IMPORT POTENTIALVietnam+ $19.3M

Headgear’s highest export potential is Russia. With an export gap of $58.2M.  Headgear’s highest import potential is Vietnam with an import gap of $19.3M.

See methodology.

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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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