2023
Exports
$39.1MWorld Rnk 28 / 205
Flag Rnk 22 / 973
2023
PRODUCT COMPLEXITY IN Felt or Coated Fabric Garments
-1.59Rnk 960 / 1025
2023
Imports
$6.03MWorld Rnk 84 / 221
Flag Rnk 277 / 1135
2023
ECONOMIC COMPLEXITY of Armenia
0.094Rnk 57 / 132

About

Exports In 2023, Armenia exported $39.1M in Felt or Coated Fabric Garments, making it the 28th largest exporter of Felt or Coated Fabric Garments in the world. At the same year, Felt or Coated Fabric Garments was the 22nd most exported product in Armenia. The main destination of Felt or Coated Fabric Garments exports from Armenia are: Slovakia ($31.7M), Kyrgyzstan ($3.29M), Russia ($2.52M), Germany ($1.1M), and Italy ($151k).

The fastest growing export markets for Felt or Coated Fabric Garments of Armenia between 2022 and 2023 were Slovakia ($16.2M), Kyrgyzstan ($3.29M), and Russia ($1.43M).

Imports In 2023, Armenia imported $6.03M in Felt or Coated Fabric Garments, becoming the 84th largest importer of Felt or Coated Fabric Garments in the world. At the same year, Felt or Coated Fabric Garments was the 277th most imported product in Armenia. Armenia imports Felt or Coated Fabric Garments primarily from: China ($2.5M), Russia ($1.12M), Netherlands ($347k), Burma ($271k), and Germany ($223k).

The fastest growing import markets in Felt or Coated Fabric Garments for Armenia between 2022 and 2023 were Russia ($904k), China ($386k), and Netherlands ($228k).

Latest Trends

Dec 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 Felt or Coated Fabric Garments. 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 (2023)$39.1M
IMPORTS (2023)$6.03M
NET TRADE (2023)$33.1M

In 2023, Armenia exported $39.1M in Felt or Coated Fabric Garments. The main destinations of Armenia exports on Felt or Coated Fabric Garments were Slovakia ($31.7M), Kyrgyzstan ($3.29M), Russia ($2.52M), Germany ($1.1M), and Italy ($151k).

In 2023, Armenia imported $6.03M in Felt or Coated Fabric Garments, mainly from China ($2.5M), Russia ($1.12M), Netherlands ($347k), Burma ($271k), and Germany ($223k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Felt or Coated Fabric Garments EXPORT MARKETS FOR Armenia WERE (2022 - 2023):
Slovakia$16.2M (105%)
Kyrgyzstan$3.29M (1%)
Russia$1.43M (131%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Felt or Coated Fabric Garments BY Armenia WERE (2022 - 2023):
United States-$51.9k (-100%)
Saudi Arabia-$15.6k (-38.6%)
United Arab Emirates-$15.1k (-93.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Armenia's main exporting competitors in Felt or Coated Fabric Garments were:
In 2023, Armenia's main importing competitors in Felt or Coated Fabric Garments were:

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Trade Value of Felt or Coated Fabric Garments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $957k
TOP IMPORT POTENTIALChina+ $704k

Felt or Coated Fabric Garments’s highest export potential is Germany. With an export gap of $957k.   Felt or Coated Fabric Garments’s highest import potential is China with an import gap of $704k.

See methodology.

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