2022
Exports
$1.98MWorld Rnk 58 / 185
Flag Rnk 186 / 945
2022
PRODUCT COMPLEXITY IN Knit Gloves
-0.99Rnk 839 / 1025
2022
Imports
$895kWorld Rnk 123 / 218
Flag Rnk 579 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $1.98M in Knit Gloves, making it the 58th largest exporter of Knit Gloves in the world. At the same year, Knit Gloves was the 186th most exported product in Armenia. The main destination of Knit Gloves exports from Armenia are: Russia ($1.96M), Belarus ($23.5k), United States ($560), Tajikistan ($267), and Georgia ($142).

The fastest growing export markets for Knit Gloves of Armenia between 2021 and 2022 were Belarus ($19.5k), Georgia ($130), and China ($104).

Imports In 2022, Armenia imported $895k in Knit Gloves, becoming the 123rd largest importer of Knit Gloves in the world. At the same year, Knit Gloves was the 579th most imported product in Armenia. Armenia imports Knit Gloves primarily from: China ($577k), Georgia ($114k), Netherlands ($41.2k), Russia ($39.3k), and Sri Lanka ($35.9k).

The fastest growing import markets in Knit Gloves for Armenia between 2021 and 2022 were China ($197k), Netherlands ($41.1k), and Sri Lanka ($35.8k).

Latest Trends

Jul 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 Knit Gloves. 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)$1.98M
IMPORTS (2022)$895k
NET TRADE (2022)$1.09M

In 2022, Armenia exported $1.98M in Knit Gloves. The main destinations of Armenia exports on Knit Gloves were Russia ($1.96M), Belarus ($23.5k), United States ($560), Tajikistan ($267), and Georgia ($142).

In 2022, Armenia imported $895k in Knit Gloves, mainly from China ($577k), Georgia ($114k), Netherlands ($41.2k), Russia ($39.3k), and Sri Lanka ($35.9k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Gloves EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
Belarus$19.5k (495%)
Georgia$130 (1.08k%)
China$104 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Gloves BY Armenia WERE (2021 - 2022):
Russia-$10M (-83.6%)
Ukraine-$63.3k (-100%)
Kazakhstan-$2.16k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Armenia's main exporting competitors in Knit Gloves were:
In 2022, Armenia's main importing competitors in Knit Gloves were:

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Trade Value of Knit Gloves by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $8.18k
TOP IMPORT POTENTIALChina+ $251k

Knit Gloves’s highest export potential is United States. With an export gap of $8.18k.   Knit Gloves’s highest import potential is China with an import gap of $251k.

See methodology.

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