2022
Exports
$46.9MWorld Rnk 20 / 208
Flag Rnk 503 / 1210
2022
PRODUCT COMPLEXITY IN Knitted Hats
-1.26Rnk 897 / 1025
2022
Imports
$306MWorld Rnk 6 / 220
Flag Rnk 325 / 1213
2022
ECONOMIC COMPLEXITY of Canada
0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $46.9M in Knitted Hats, making it the 20th largest exporter of Knitted Hats in the world. At the same year, Knitted Hats was the 503rd most exported product in Canada. The main destination of Knitted Hats exports from Canada are: United States ($37.8M), Canada ($3.24M), United Kingdom ($2.02M), Netherlands ($1.55M), and Australia ($265k).

The fastest growing export markets for Knitted Hats of Canada between 2021 and 2022 were Canada ($1.25M), United States ($810k), and Netherlands ($370k).

Imports In 2022, Canada imported $306M in Knitted Hats, becoming the 6th largest importer of Knitted Hats in the world. At the same year, Knitted Hats was the 325th most imported product in Canada. Canada imports Knitted Hats primarily from: China ($142M), United States ($57.3M), Bangladesh ($37.2M), Vietnam ($26.1M), and Italy ($8.12M).

The fastest growing import markets in Knitted Hats for Canada between 2021 and 2022 were China ($33.6M), Vietnam ($18.6M), and Bangladesh ($17.2M).

Latest Trends

June 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)C$-171k(-7.71%)
IMPORT GROWTH (June 2023 - June 2024)C$-6.7M(-19.4%)
MAIN EXPORTER (June 2024)QuebecC$1.59M
MAIN DESTINATION (June 2024)United StatesC$1.66M

This section shows Knitted Hats's exports and imports data at subnational level for Canada. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Knitted Hats over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$46.9M
IMPORTS (2022)$306M
NET TRADE (2022)-$259M

In 2022, Canada exported $46.9M in Knitted Hats. The main destinations of Canada exports on Knitted Hats were United States ($37.8M), Canada ($3.24M), United Kingdom ($2.02M), Netherlands ($1.55M), and Australia ($265k).

In 2022, Canada imported $306M in Knitted Hats, mainly from China ($142M), United States ($57.3M), Bangladesh ($37.2M), Vietnam ($26.1M), and Italy ($8.12M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knitted Hats EXPORT MARKETS FOR Canada WERE (2021 - 2022):
Canada$1.25M (62.3%)
United States$810k (2.19%)
Netherlands$370k (31.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knitted Hats BY Canada WERE (2021 - 2022):
Sweden-$134k (-78.1%)
China-$125k (-36.1%)
Russia-$79.4k (-94.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Knitted Hats were:
In 2022, Canada's main importing competitors in Knitted Hats were:

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Trade Value of Knitted Hats by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $20.1M
TOP IMPORT POTENTIALBangladesh+ $6.9M

Knitted Hats’s highest export potential is United States. With an export gap of $20.1M.   Knitted Hats’s highest import potential is Bangladesh with an import gap of $6.9M.

See methodology.

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