2022
Exports
$530kWorld Rnk 97 / 210
Flag Rnk 330 / 945
2022
PRODUCT COMPLEXITY IN Other Knit Garments
-1.33Rnk 917 / 1025
2022
Imports
$2.46MWorld Rnk 105 / 217
Flag Rnk 404 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $530k in Other Knit Garments, making it the 97th largest exporter of Other Knit Garments in the world. At the same year, Other Knit Garments was the 330th most exported product in Armenia. The main destination of Other Knit Garments exports from Armenia are: South Korea ($122k), Andorra ($99.1k), Kuwait ($71.3k), France ($65.3k), and United Arab Emirates ($49.3k).

The fastest growing export markets for Other Knit Garments of Armenia between 2021 and 2022 were Andorra ($99.1k), South Korea ($65k), and Kuwait ($55.2k).

Imports In 2022, Armenia imported $2.46M in Other Knit Garments, becoming the 105th largest importer of Other Knit Garments in the world. At the same year, Other Knit Garments was the 404th most imported product in Armenia. Armenia imports Other Knit Garments primarily from: Spain ($421k), Bangladesh ($407k), China ($375k), Turkey ($288k), and France ($236k).

The fastest growing import markets in Other Knit Garments for Armenia between 2021 and 2022 were Turkey ($284k), Spain ($265k), and Bangladesh ($157k).

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 Other Knit Garments. 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)$530k
IMPORTS (2022)$2.46M
NET TRADE (2022)-$1.93M

In 2022, Armenia exported $530k in Other Knit Garments. The main destinations of Armenia exports on Other Knit Garments were South Korea ($122k), Andorra ($99.1k), Kuwait ($71.3k), France ($65.3k), and United Arab Emirates ($49.3k).

In 2022, Armenia imported $2.46M in Other Knit Garments, mainly from Spain ($421k), Bangladesh ($407k), China ($375k), Turkey ($288k), and France ($236k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Knit Garments EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
Andorra$99.1k (1%)
South Korea$65k (113%)
Kuwait$55.2k (341%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Knit Garments BY Armenia WERE (2021 - 2022):
Bulgaria-$36.6k (-100%)
Russia-$23.3k (-89.6%)
Hungary-$3.08k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Armenia's main exporting competitors in Other Knit Garments were:
In 2022, Armenia's main importing competitors in Other Knit Garments were:

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Trade Value of Other Knit Garments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $80.7k
TOP IMPORT POTENTIALChina+ $383k

Other Knit Garments’s highest export potential is Germany. With an export gap of $80.7k.   Other Knit Garments’s highest import potential is China with an import gap of $383k.

See methodology.

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