Hats in United States | The Observatory of Economic Complexity

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Exports In 2022, United States exported $13.5M in Hats, making it the 4th largest exporter of Hats in the world. At the same year, Hats was the 1038th most exported product in United States. The main destination of Hats exports from United States are: Canada ($3.06M), Japan ($1.59M), Mexico ($1.17M), Australia ($999k), and United Kingdom ($753k).

The fastest growing export markets for Hats of United States between 2021 and 2022 were Mexico ($587k), United Kingdom ($434k), and Japan ($407k).

Imports In 2022, United States imported $175M in Hats, becoming the 1st largest importer of Hats in the world. At the same year, Hats was the 779th most imported product in United States. United States imports Hats primarily from: China ($107M), Mexico ($42.2M), Vietnam ($8.24M), Ecuador ($3.36M), and Italy ($2.78M).

The fastest growing import markets in Hats for United States between 2021 and 2022 were China ($35.5M), Mexico ($13.6M), and Vietnam ($2.8M).

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

Latest Trends

June 2024

About

Overview In June 2024 United States' Hats exports accounted up to $1.77M and imports accounted up to $6.92M, resulting in a negative trade balance of $5.16M. Between June 2023 and June 2024 the exports of United States' Hats have increased by $436k (32.7%) from $1.33M to $1.77M, while imports decreased by $-1.26M (-15.4%) from $8.18M to $6.92M.

Destinations In June 2024, Hats were exported mostly to Mexico ($537k), Canada ($423k), Japan ($215k), Barbados ($100k), and South Korea ($98.8k), and were imported mostly from Mexico ($3.29M), China ($2.64M), Italy ($353k), Ecuador ($173k), and Guatemala ($109k).

Growth In June 2024, the increase in Hats's year-by-year exports was explained primarily by an increase in exports to Canada ($166k or 87.3%), Singapore ($161k or 2.52k%), and Peru ($80.3k or 1.02k%). In June 2024, the decrease in Hats's year-by-year imports was explained primarily by a decrease in imports from Spain ($-84k or -58.1%), Italy ($-34.9k or -17.8%), and Germany ($-23.6k or -63.6%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (June 2023 - June 2024)$436k(32.7%)

IMPORT GROWTH (June 2023 - June 2024)$-1.26M(-15.4%)

MAIN EXPORTER (June 2024)Texas$681k

MAIN DESTINATION (June 2024)Mexico$537k

This section shows Hats's exports and imports data at subnational level for United States. 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)$13.5M

IMPORTS (2022)$175M

NET TRADE (2022)-$161M

In 2022, United States exported $13.5M in Hats. The main destinations of United States exports on Hats were Canada ($3.06M), Japan ($1.59M), Mexico ($1.17M), Australia ($999k), and United Kingdom ($753k).

In 2022, United States imported $175M in Hats, mainly from China ($107M), Mexico ($42.2M), Vietnam ($8.24M), Ecuador ($3.36M), and Italy ($2.78M).

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