Hats in China | The Observatory of Economic Complexity

About

Exports In 2022, China exported $298M in Hats, making it the 1st largest exporter of Hats in the world. At the same year, Hats was the 682nd most exported product in China. The main destination of Hats exports from China are: United States ($107M), United Kingdom ($19.8M), Japan ($13.5M), Australia ($13.4M), and Germany ($13M).

The fastest growing export markets for Hats of China between 2021 and 2022 were United States ($35.5M), United Kingdom ($11.5M), and Spain ($5.07M).

Imports In 2022, China imported $4.61M in Hats, becoming the 19th largest importer of Hats in the world. At the same year, Hats was the 1084th most imported product in China. China imports Hats primarily from: France ($857k), Italy ($812k), United States ($478k), South Korea ($454k), and United Arab Emirates ($371k).

The fastest growing import markets in Hats for China between 2021 and 2022 were France ($475k), South Korea ($440k), and Italy ($393k).

COMPANIES In 2023, leading companies such as Old Navy (27), Banana Republic (11), and Gap (6) were at the forefront of shipping Hats from China to the United States.

Latest Trends

July 2024

About

Overview In July 2024 China's Hats exports accounted up to $9.89M and imports accounted up to $483k, resulting in a positive trade balance of $9.4M. Between July 2023 and July 2024 the exports of China's Hats have decreased by $-2.15M (-17.9%) from $12M to $9.89M, while imports increased by $183k (60.9%) from $301k to $483k.

Destinations In July 2024, Hats were exported mostly to United States ($2.11M), South Africa ($1.6M), Australia ($1.4M), Mexico ($990k), and Brazil ($479k), and were imported mostly from Italy ($322k), France ($48.3k), Sri Lanka ($38.5k), China ($32.8k), and Ecuador ($26.1k).

Growth In July 2024, the decrease in Hats's year-by-year exports was explained primarily by a decrease in exports to Russia ($-683k or -65.1%), Spain ($-333k or -14.6%), and Hungary ($-241k or -99.5%). In July 2024, the increase in Hats's year-by-year imports was explained primarily by an increase in imports from France ($51k or 181%), Madagascar ($42.8k or 4.01k%), and Ukraine ($3.21k or 144%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (July 2023 - July 2024)$-2.15M(-17.9%)

IMPORT GROWTH (July 2023 - July 2024)$183k(60.9%)

MAIN EXPORTER (July 2024)Zhejiang Province$28.6M

MAIN DESTINATION (July 2024)United States$2.11M

This section shows Hats's exports and imports data at subnational level for China. 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 Hats over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$298M

IMPORTS (2022)$4.61M

NET TRADE (2022)$293M

In 2022, China exported $298M in Hats. The main destinations of China exports on Hats were United States ($107M), United Kingdom ($19.8M), Japan ($13.5M), Australia ($13.4M), and Germany ($13M).

In 2022, China imported $4.61M in Hats, mainly from France ($857k), Italy ($812k), United States ($478k), South Korea ($454k), and United Arab Emirates ($371k).

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