2023
Exports
$2.92MWorld Rnk 77 / 208
Flag Rnk 170 / 973
2023
PRODUCT COMPLEXITY IN Knit Men's Shirts
-1.58Rnk 956 / 1025
2023
Imports
$7.32MWorld Rnk 75 / 222
Flag Rnk 254 / 1135
2023
ECONOMIC COMPLEXITY of Armenia
0.094Rnk 57 / 132

About

Exports In 2023, Armenia exported $2.92M in Knit Men's Shirts, making it the 77th largest exporter of Knit Men's Shirts in the world. At the same year, Knit Men's Shirts was the 170th most exported product in Armenia. The main destination of Knit Men's Shirts exports from Armenia are: Russia ($2.68M), Germany ($185k), Poland ($21.6k), Singapore ($13.7k), and Switzerland ($4.34k).

The fastest growing export markets for Knit Men's Shirts of Armenia between 2022 and 2023 were Russia ($1.57M), Singapore ($6.98k), and Switzerland ($2.85k).

Imports In 2023, Armenia imported $7.32M in Knit Men's Shirts, becoming the 75th largest importer of Knit Men's Shirts in the world. At the same year, Knit Men's Shirts was the 254th most imported product in Armenia. Armenia imports Knit Men's Shirts primarily from: China ($1.51M), Turkey ($1.4M), Bangladesh ($1.03M), Italy ($611k), and Vietnam ($513k).

The fastest growing import markets in Knit Men's Shirts for Armenia between 2022 and 2023 were Turkey ($772k), Bangladesh ($453k), and Vietnam ($403k).

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 Knit Men's Shirts. 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)$2.92M
IMPORTS (2023)$7.32M
NET TRADE (2023)-$4.4M

In 2023, Armenia exported $2.92M in Knit Men's Shirts. The main destinations of Armenia exports on Knit Men's Shirts were Russia ($2.68M), Germany ($185k), Poland ($21.6k), Singapore ($13.7k), and Switzerland ($4.34k).

In 2023, Armenia imported $7.32M in Knit Men's Shirts, mainly from China ($1.51M), Turkey ($1.4M), Bangladesh ($1.03M), Italy ($611k), and Vietnam ($513k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Knit Men's Shirts EXPORT MARKETS FOR Armenia WERE (2022 - 2023):
Russia$1.57M (141%)
Singapore$6.98k (103%)
Switzerland$2.85k (191%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Men's Shirts BY Armenia WERE (2022 - 2023):
Germany-$223k (-54.7%)
Poland-$42.9k (-66.5%)
Netherlands-$11k (-97.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Armenia's main exporting competitors in Knit Men's Shirts were:
In 2023, Armenia's main importing competitors in Knit Men's Shirts were:

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Trade Value of Knit Men's Shirts by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALGermany+ $289k
TOP IMPORT POTENTIALBangladesh+ $531k

Knit Men's Shirts’s highest export potential is Germany. With an export gap of $289k.   Knit Men's Shirts’s highest import potential is Bangladesh with an import gap of $531k.

See methodology.

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