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Exports In 2022, Nepal exported $3.6M in Knitted Hats, making it the 63rd largest exporter of Knitted Hats in the world. At the same year, Knitted Hats was the 54th most exported product in Nepal. The main destination of Knitted Hats exports from Nepal are: United States ($856k), Germany ($777k), Austria ($540k), United Kingdom ($444k), and Switzerland ($120k).

The fastest growing export markets for Knitted Hats of Nepal between 2021 and 2022 were Germany ($571k), Austria ($509k), and Netherlands ($66k).

Imports In 2022, Nepal imported $5.5M in Knitted Hats, becoming the 75th largest importer of Knitted Hats in the world. At the same year, Knitted Hats was the 309th most imported product in Nepal. Nepal imports Knitted Hats primarily from: China ($5.28M), India ($83.1k), Bangladesh ($53.6k), Italy ($38.2k), and Thailand ($11.7k).

The fastest growing import markets in Knitted Hats for Nepal between 2021 and 2022 were Bangladesh ($49.6k), South Korea ($5.5k), and Philippines ($1.55k).

Latest Trends

Sep 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Knitted Hats. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$3.6M
IMPORTS (2022)$5.5M
NET TRADE (2022)-$1.9M

In 2022, Nepal exported $3.6M in Knitted Hats. The main destinations of Nepal exports on Knitted Hats were United States ($856k), Germany ($777k), Austria ($540k), United Kingdom ($444k), and Switzerland ($120k).

In 2022, Nepal imported $5.5M in Knitted Hats, mainly from China ($5.28M), India ($83.1k), Bangladesh ($53.6k), Italy ($38.2k), and Thailand ($11.7k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knitted Hats EXPORT MARKETS FOR Nepal WERE (2021 - 2022):
Germany$571k (277%)
Austria$509k (1.64k%)
Netherlands$66k (320%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knitted Hats BY Nepal WERE (2021 - 2022):
China-$93.1k (-92.6%)
New Zealand-$18.9k (-37.4%)
Canada-$18.6k (-17.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Knitted Hats by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $1.66M
TOP IMPORT POTENTIALChina+ $2.29M

Knitted Hats’s highest export potential is United States. With an export gap of $1.66M.   Knitted Hats’s highest import potential is China with an import gap of $2.29M.

See methodology.

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