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2022
Exports $1.62MWorld Rnk 82 / 200
Flag Rnk 206 / 945
2022
Destination $262k Russia
2021 - 2022
FASTEST GROWING MARKET $262kGermany
2022
PRODUCT COMPLEXITY IN Knit Men's Shirts-1.58Rnk 957 / 1025
2022
Imports $4.16MWorld Rnk 97 / 222
Flag Rnk 312 / 1142
2022
Origin $352k Bangladesh
2021 - 2022
FASTEST GROWING ORIGIN $352kTurkey
2022
ECONOMIC COMPLEXITY of Armenia0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $1.62M in Knit Men's Shirts, making it the 82nd largest exporter of Knit Men's Shirts in the world. At the same year, Knit Men's Shirts was the 206th most exported product in Armenia. The main destination of Knit Men's Shirts exports from Armenia are: Russia ($1.11M), Germany ($408k), Poland ($64.5k), Netherlands ($11.4k), and Singapore ($6.76k).

The fastest growing export markets for Knit Men's Shirts of Armenia between 2021 and 2022 were Germany ($262k), Netherlands ($11.4k), and Singapore ($6.76k).

Imports In 2022, Armenia imported $4.16M in Knit Men's Shirts, becoming the 97th largest importer of Knit Men's Shirts in the world. At the same year, Knit Men's Shirts was the 312th most imported product in Armenia. Armenia imports Knit Men's Shirts primarily from: Bangladesh ($570k), China ($542k), Italy ($482k), Turkey ($357k), and France ($317k).

The fastest growing import markets in Knit Men's Shirts for Armenia between 2021 and 2022 were Turkey ($352k), United Arab Emirates ($298k), and Georgia ($154k).

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 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 (2022)$1.62M
IMPORTS (2022)$4.16M
NET TRADE (2022)-$2.54M

In 2022, Armenia exported $1.62M in Knit Men's Shirts. The main destinations of Armenia exports on Knit Men's Shirts were Russia ($1.11M), Germany ($408k), Poland ($64.5k), Netherlands ($11.4k), and Singapore ($6.76k).

In 2022, Armenia imported $4.16M in Knit Men's Shirts, mainly from Bangladesh ($570k), China ($542k), Italy ($482k), Turkey ($357k), and France ($317k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Men's Shirts EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
Germany$262k (179%)
Netherlands$11.4k (1%)
Singapore$6.76k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Men's Shirts BY Armenia WERE (2021 - 2022):
Poland-$63.4k (-49.6%)
Russia-$44k (-3.8%)
Iraq-$8.93k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Armenia's main exporting competitors in Knit Men's Shirts were:
Bangladesh $1.44B
China $1.42B
Vietnam $920M
In 2022, Armenia's main importing competitors in Knit Men's Shirts were:
United States $2.7B
Germany $804M
United Kingdom $512M

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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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