2023
Exports
$11.2MWorld Rnk 77 / 217
Flag Rnk 75 / 973
2023
PRODUCT COMPLEXITY IN Knit Women's Suits
-1.25Rnk 890 / 1025
2023
Imports
$28.8MWorld Rnk 82 / 221
Flag Rnk 81 / 1135
2023
ECONOMIC COMPLEXITY of Armenia
0.094Rnk 57 / 132

About

Exports In 2023, Armenia exported $11.2M in Knit Women's Suits, making it the 77th largest exporter of Knit Women's Suits in the world. At the same year, Knit Women's Suits was the 75th most exported product in Armenia. The main destination of Knit Women's Suits exports from Armenia are: Russia ($9.83M), Lithuania ($229k), Netherlands ($200k), Germany ($198k), and Bulgaria ($96.6k).

The fastest growing export markets for Knit Women's Suits of Armenia between 2022 and 2023 were Russia ($7.01M), Lithuania ($102k), and Netherlands ($98.3k).

Imports In 2023, Armenia imported $28.8M in Knit Women's Suits, becoming the 82nd largest importer of Knit Women's Suits in the world. At the same year, Knit Women's Suits was the 81st most imported product in Armenia. Armenia imports Knit Women's Suits primarily from: Russia ($12.6M), China ($5.4M), Turkey ($2.91M), Bangladesh ($1.43M), and Cambodia ($956k).

The fastest growing import markets in Knit Women's Suits for Armenia between 2022 and 2023 were Russia ($11.5M), China ($1.57M), and Turkey ($1.32M).

Latest Trends

Jan 2025

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 Women's Suits. 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)$11.2M
IMPORTS (2023)$28.8M
NET TRADE (2023)-$17.6M

In 2023, Armenia exported $11.2M in Knit Women's Suits. The main destinations of Armenia exports on Knit Women's Suits were Russia ($9.83M), Lithuania ($229k), Netherlands ($200k), Germany ($198k), and Bulgaria ($96.6k).

In 2023, Armenia imported $28.8M in Knit Women's Suits, mainly from Russia ($12.6M), China ($5.4M), Turkey ($2.91M), Bangladesh ($1.43M), and Cambodia ($956k).

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Export Destinations (NaN)

Import Origins (NaN)

Market Growth

Flow
THE FASTEST GROWING Knit Women's Suits EXPORT MARKETS FOR Armenia WERE (2022 - 2023):
Russia$7.01M (248%)
Lithuania$102k (79.6%)
Netherlands$98.3k (96.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Women's Suits BY Armenia WERE (2022 - 2023):
Germany-$412k (-67.5%)
Estonia-$347k (-94%)
Switzerland-$325k (-87.3%)

Change in Exports by Market (undefined - undefined)

Market Concentration

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

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Trade Value of Knit Women's Suits by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $860k
TOP IMPORT POTENTIALChina+ $2.05M

Knit Women's Suits’s highest export potential is Germany. With an export gap of $860k.   Knit Women's Suits’s highest import potential is China with an import gap of $2.05M.

See methodology.

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