2022
Exports
$984kWorld Rnk 85 / 208
Flag Rnk 258 / 945
2022
PRODUCT COMPLEXITY IN Knitted Hats
-1.26Rnk 897 / 1025
2022
Imports
$2.2MWorld Rnk 102 / 220
Flag Rnk 425 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $984k in Knitted Hats, making it the 85th largest exporter of Knitted Hats in the world. At the same year, Knitted Hats was the 258th most exported product in Armenia. The main destination of Knitted Hats exports from Armenia are: Russia ($890k), Germany ($45.7k), China ($12.4k), United Kingdom ($11.2k), and United States ($8.64k).

The fastest growing export markets for Knitted Hats of Armenia between 2021 and 2022 were Russia ($67.4k), United Kingdom ($11.2k), and China ($10.8k).

Imports In 2022, Armenia imported $2.2M in Knitted Hats, becoming the 102nd largest importer of Knitted Hats in the world. At the same year, Knitted Hats was the 425th most imported product in Armenia. Armenia imports Knitted Hats primarily from: China ($1.01M), Russia ($268k), Bulgaria ($232k), Georgia ($144k), and Italy ($142k).

The fastest growing import markets in Knitted Hats for Armenia between 2021 and 2022 were China ($278k), Bulgaria ($231k), and Georgia ($79.4k).

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 Knitted Hats. 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)$984k
IMPORTS (2022)$2.2M
NET TRADE (2022)-$1.21M

In 2022, Armenia exported $984k in Knitted Hats. The main destinations of Armenia exports on Knitted Hats were Russia ($890k), Germany ($45.7k), China ($12.4k), United Kingdom ($11.2k), and United States ($8.64k).

In 2022, Armenia imported $2.2M in Knitted Hats, mainly from China ($1.01M), Russia ($268k), Bulgaria ($232k), Georgia ($144k), and Italy ($142k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knitted Hats EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
Russia$67.4k (8.19%)
United Kingdom$11.2k (1%)
China$10.8k (650%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knitted Hats BY Armenia WERE (2021 - 2022):
Germany-$9.7k (-17.5%)
Macau-$4.61k (-90.6%)
Belarus-$4.24k (-68.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Armenia's main exporting competitors in Knitted Hats were:
In 2022, Armenia's main importing competitors in Knitted Hats were:

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Trade Value of Knitted Hats by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $86.4k
TOP IMPORT POTENTIALChina+ $510k

Knitted Hats’s highest export potential is Germany. With an export gap of $86.4k.   Knitted Hats’s highest import potential is China with an import gap of $510k.

See methodology.

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