2022
Exports
$9.24MWorld Rnk 45 / 208
Flag Rnk 586 / 1198
2022
PRODUCT COMPLEXITY IN Knitted Hats
-1.26Rnk 897 / 1025
2022
Imports
$41MWorld Rnk 34 / 220
Flag Rnk 503 / 1213
2022
ECONOMIC COMPLEXITY of Singapore
1.68Rnk 6 / 133

About

Exports In 2022, Singapore exported $9.24M in Knitted Hats, making it the 45th largest exporter of Knitted Hats in the world. At the same year, Knitted Hats was the 586th most exported product in Singapore. The main destination of Knitted Hats exports from Singapore are: Hong Kong ($1.64M), Malaysia ($1.26M), Vietnam ($892k), Japan ($863k), and India ($496k).

The fastest growing export markets for Knitted Hats of Singapore between 2021 and 2022 were Vietnam ($743k), Hong Kong ($623k), and Malaysia ($298k).

Imports In 2022, Singapore imported $41M in Knitted Hats, becoming the 34th largest importer of Knitted Hats in the world. At the same year, Knitted Hats was the 503rd most imported product in Singapore. Singapore imports Knitted Hats primarily from: China ($16.4M), France ($10.9M), Italy ($2.4M), Vietnam ($2.06M), and Malaysia ($1.43M).

The fastest growing import markets in Knitted Hats for Singapore between 2021 and 2022 were China ($7.61M), France ($6.02M), and Italy ($1.4M).

COMPANIES In 2023, leading companies such as David Peyser Sportswear (2) were at the forefront of shipping Knitted Hats from Singapore to the United States.

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)$9.24M
IMPORTS (2022)$41M
NET TRADE (2022)-$31.8M

In 2022, Singapore exported $9.24M in Knitted Hats. The main destinations of Singapore exports on Knitted Hats were Hong Kong ($1.64M), Malaysia ($1.26M), Vietnam ($892k), Japan ($863k), and India ($496k).

In 2022, Singapore imported $41M in Knitted Hats, mainly from China ($16.4M), France ($10.9M), Italy ($2.4M), Vietnam ($2.06M), and Malaysia ($1.43M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knitted Hats EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
Vietnam$743k (498%)
Hong Kong$623k (61.3%)
Malaysia$298k (30.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knitted Hats BY Singapore WERE (2021 - 2022):
Japan-$4.27M (-83.2%)
United Kingdom-$59.8k (-43.8%)
Russia-$58.7k (-65.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Singapore's main exporting competitors in Knitted Hats were:
In 2022, Singapore'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+ $388k
TOP IMPORT POTENTIALChina+ $5.41M

Knitted Hats’s highest export potential is United States. With an export gap of $388k.   Knitted Hats’s highest import potential is China with an import gap of $5.41M.

See methodology.

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