2022
Exports
$2.52MWorld Rnk 93 / 207
Flag Rnk 160 / 945
2022
PRODUCT COMPLEXITY IN Knit Men's Suits
-1.32Rnk 915 / 1025
2022
Imports
$7.05MWorld Rnk 114 / 221
Flag Rnk 217 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $2.52M in Knit Men's Suits, making it the 93rd largest exporter of Knit Men's Suits in the world. At the same year, Knit Men's Suits was the 160th most exported product in Armenia. The main destination of Knit Men's Suits exports from Armenia are: Russia ($1.91M), Germany ($284k), Austria ($120k), Netherlands ($56.8k), and Kuwait ($28.7k).

The fastest growing export markets for Knit Men's Suits of Armenia between 2021 and 2022 were Russia ($355k), Germany ($152k), and Austria ($120k).

Imports In 2022, Armenia imported $7.05M in Knit Men's Suits, becoming the 114th largest importer of Knit Men's Suits in the world. At the same year, Knit Men's Suits was the 217th most imported product in Armenia. Armenia imports Knit Men's Suits primarily from: China ($1.62M), Russia ($637k), Bangladesh ($632k), Hong Kong ($582k), and Turkey ($548k).

The fastest growing import markets in Knit Men's Suits for Armenia between 2021 and 2022 were Turkey ($496k), China ($426k), and Hong Kong ($377k).

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 Knit Men'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 (2022)$2.52M
IMPORTS (2022)$7.05M
NET TRADE (2022)-$4.53M

In 2022, Armenia exported $2.52M in Knit Men's Suits. The main destinations of Armenia exports on Knit Men's Suits were Russia ($1.91M), Germany ($284k), Austria ($120k), Netherlands ($56.8k), and Kuwait ($28.7k).

In 2022, Armenia imported $7.05M in Knit Men's Suits, mainly from China ($1.62M), Russia ($637k), Bangladesh ($632k), Hong Kong ($582k), and Turkey ($548k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Men's Suits EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
Russia$355k (22.8%)
Germany$152k (115%)
Austria$120k (462k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Men's Suits BY Armenia WERE (2021 - 2022):
Kuwait-$49k (-63%)
China-$37.7k (-93.6%)
United Arab Emirates-$30.7k (-95.3%)

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 Suits were:
In 2022, Armenia's main importing competitors in Knit Men's Suits were:

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Trade Value of Knit Men's Suits by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALGermany+ $299k
TOP IMPORT POTENTIALChina+ $872k

Knit Men's Suits’s highest export potential is Germany. With an export gap of $299k.   Knit Men's Suits’s highest import potential is China with an import gap of $872k.

See methodology.

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