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2022
Exports $4.21BWorld Rnk 1 / 208
Flag Rnk 167 / 1216
2022
Destination $231M United States
2021 - 2022
FASTEST GROWING MARKET $231MUnited States
2022
PRODUCT COMPLEXITY IN Knitted Hats-1.26Rnk 897 / 1025
2022
Imports $103MWorld Rnk 17 / 220
Flag Rnk 647 / 1212
2022
Origin $4.45M South Korea
2021 - 2022
FASTEST GROWING ORIGIN $4.45MItaly
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $4.21B in Knitted Hats, making it the 1st largest exporter of Knitted Hats in the world. At the same year, Knitted Hats was the 167th most exported product in China. The main destination of Knitted Hats exports from China are: United States ($1.12B), Germany ($343M), Japan ($247M), United Kingdom ($185M), and South Korea ($150M).

The fastest growing export markets for Knitted Hats of China between 2021 and 2022 were United States ($231M), Germany ($78.3M), and Japan ($63.9M).

Imports In 2022, China imported $103M in Knitted Hats, becoming the 17th largest importer of Knitted Hats in the world. At the same year, Knitted Hats was the 647th most imported product in China. China imports Knitted Hats primarily from: South Korea ($20.7M), Italy ($17.5M), France ($14.3M), China ($12.6M), and Vietnam ($11.9M).

The fastest growing import markets in Knitted Hats for China between 2021 and 2022 were Italy ($4.45M), France ($3.46M), and Germany ($980k).

COMPANIES In 2023, leading companies such as Gap (32), Euromarket Designs (23), and At Home Procurement (22) were at the forefront of shipping Knitted Hats from China to the United States.

Latest Trends

July 2024

About

Overview In July 2024 China's Knitted Hats exports accounted up to $368M and imports accounted up to $15.8M, resulting in a positive trade balance of $352M. Between July 2023 and July 2024 the exports of China's   Knitted Hats have decreased by $-10.7M (-2.83%) from $379M to $368M, while imports increased by $618k (4.07%) from $15.2M to $15.8M.

Destinations In July 2024, Knitted Hats were exported mostly to United States ($99.7M), Japan ($21.3M), Germany ($19.7M), United Kingdom ($18.4M), and Mexico ($14.4M), and were imported mostly from Vietnam ($5.36M), Italy ($3.63M), China ($1.07M), Bangladesh ($895k), and Chinese Taipei ($879k).

Growth In July 2024, the decrease in Knitted Hats's year-by-year exports was explained primarily by a decrease in exports to Egypt ($-2.19M or -81.4%), Kyrgyzstan ($-1.11M or -25.5%), and Macau ($-582k or -44.1%). In July 2024, the increase in Knitted Hats's year-by-year imports was explained primarily by an increase in imports from Bangladesh ($409k or 140%), France ($282k or 74.5%), and Philippines ($31.4k or 51.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-10.7M(-2.83%)
IMPORT GROWTH (July 2023 - July 2024)$618k(4.07%)
MAIN EXPORTER (July 2024)Zhejiang Province$114M
MAIN DESTINATION (July 2024)United States$99.7M

This section shows Knitted 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 Knitted Hats over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$4.21B
IMPORTS (2022)$103M
NET TRADE (2022)$4.1B

In 2022, China exported $4.21B in Knitted Hats. The main destinations of China exports on Knitted Hats were United States ($1.12B), Germany ($343M), Japan ($247M), United Kingdom ($185M), and South Korea ($150M).

In 2022, China imported $103M in Knitted Hats, mainly from South Korea ($20.7M), Italy ($17.5M), France ($14.3M), China ($12.6M), and Vietnam ($11.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knitted Hats EXPORT MARKETS FOR China WERE (2021 - 2022):
United States$231M (26%)
Germany$78.3M (29.6%)
Japan$63.9M (34.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knitted Hats BY China WERE (2021 - 2022):
Austria-$17.3M (-72.3%)
Kazakhstan-$3.75M (-22%)
Hong Kong-$2.8M (-17.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Knitted Hats were:
Bangladesh $726M
Vietnam $665M
In 2022, China's main importing competitors in Knitted Hats were:
United States $2.59B
Germany $734M
Japan $388M

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Trade Value of Knitted Hats by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALRussia+ $32.3M
TOP IMPORT POTENTIALVietnam+ $15.1M

Knitted Hats’s highest export potential is Russia. With an export gap of $32.3M.   Knitted Hats’s highest import potential is Vietnam with an import gap of $15.1M.

See methodology.

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