2023
Exports
$16.9MWorld Rnk 76 / 225
Flag Rnk 52 / 973
2023
PRODUCT COMPLEXITY IN Knit T-shirts
-1.53Rnk 948 / 1025
2023
Imports
$22.2MWorld Rnk 100 / 225
Flag Rnk 109 / 1135
2023
ECONOMIC COMPLEXITY of Armenia
0.094Rnk 57 / 132

About

Exports In 2023, Armenia exported $16.9M in Knit T-shirts, making it the 76th largest exporter of Knit T-shirts in the world. At the same year, Knit T-shirts was the 52nd most exported product in Armenia. The main destination of Knit T-shirts exports from Armenia are: Russia ($16.3M), Germany ($395k), Curaçao ($46.2k), Poland ($40.7k), and Switzerland ($29.5k).

The fastest growing export markets for Knit T-shirts of Armenia between 2022 and 2023 were Russia ($11.3M), Singapore ($15.4k), and Saudi Arabia ($9.33k).

Imports In 2023, Armenia imported $22.2M in Knit T-shirts, becoming the 100th largest importer of Knit T-shirts in the world. At the same year, Knit T-shirts was the 109th most imported product in Armenia. Armenia imports Knit T-shirts primarily from: Bangladesh ($4.43M), China ($3.89M), Turkey ($3.88M), Vietnam ($1.26M), and Cambodia ($1.16M).

The fastest growing import markets in Knit T-shirts for Armenia between 2022 and 2023 were Bangladesh ($1.41M), Turkey ($1.32M), and China ($1.04M).

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 T-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)$16.9M
IMPORTS (2023)$22.2M
NET TRADE (2023)-$5.22M

In 2023, Armenia exported $16.9M in Knit T-shirts. The main destinations of Armenia exports on Knit T-shirts were Russia ($16.3M), Germany ($395k), Curaçao ($46.2k), Poland ($40.7k), and Switzerland ($29.5k).

In 2023, Armenia imported $22.2M in Knit T-shirts, mainly from Bangladesh ($4.43M), China ($3.89M), Turkey ($3.88M), Vietnam ($1.26M), and Cambodia ($1.16M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Knit T-shirts EXPORT MARKETS FOR Armenia WERE (2022 - 2023):
Russia$11.3M (225%)
Singapore$15.4k (192%)
Saudi Arabia$9.33k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit T-shirts BY Armenia WERE (2022 - 2023):
Germany-$536k (-57.6%)
Switzerland-$66k (-69.1%)
Curaçao-$35k (-43.1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Armenia's main exporting competitors in Knit T-shirts were:
China $8.58B
Turkey $2.98B
In 2023, Armenia's main importing competitors in Knit T-shirts were:

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Trade Value of Knit T-shirts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $1.14M
TOP IMPORT POTENTIALBangladesh+ $2.49M

Knit T-shirts’s highest export potential is Germany. With an export gap of $1.14M.   Knit T-shirts’s highest import potential is Bangladesh with an import gap of $2.49M.

See methodology.

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