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2022
Exports $2.29MWorld Rnk 74 / 190
Flag Rnk 166 / 945
2022
Destination $682k Russia
2021 - 2022
FASTEST GROWING MARKET $682kRussia
2022
PRODUCT COMPLEXITY IN Knit Men's Undergarments-1.37Rnk 926 / 1025
2022
Imports $2.02MWorld Rnk 114 / 217
Flag Rnk 442 / 1142
2022
Origin $198k China
2021 - 2022
FASTEST GROWING ORIGIN $198kTurkey
2022
ECONOMIC COMPLEXITY of Armenia0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $2.29M in Knit Men's Undergarments, making it the 74th largest exporter of Knit Men's Undergarments in the world. At the same year, Knit Men's Undergarments was the 166th most exported product in Armenia. The main destination of Knit Men's Undergarments exports from Armenia are: Russia ($2.06M), Canada ($221k), United Kingdom ($9.47k), Netherlands ($473), and United States ($240).

The fastest growing export markets for Knit Men's Undergarments of Armenia between 2021 and 2022 were Russia ($682k), Canada ($17.6k), and United Kingdom ($9.47k).

Imports In 2022, Armenia imported $2.02M in Knit Men's Undergarments, becoming the 114th largest importer of Knit Men's Undergarments in the world. At the same year, Knit Men's Undergarments was the 442nd most imported product in Armenia. Armenia imports Knit Men's Undergarments primarily from: China ($365k), Russia ($253k), Georgia ($249k), Bangladesh ($217k), and Turkey ($199k).

The fastest growing import markets in Knit Men's Undergarments for Armenia between 2021 and 2022 were Turkey ($198k), Georgia ($183k), and Laos ($61.1k).

Latest Trends

Nov 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 Undergarments. 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)$2.29M
IMPORTS (2022)$2.02M
NET TRADE (2022)$277k

In 2022, Armenia exported $2.29M in Knit Men's Undergarments. The main destinations of Armenia exports on Knit Men's Undergarments were Russia ($2.06M), Canada ($221k), United Kingdom ($9.47k), Netherlands ($473), and United States ($240).

In 2022, Armenia imported $2.02M in Knit Men's Undergarments, mainly from China ($365k), Russia ($253k), Georgia ($249k), Bangladesh ($217k), and Turkey ($199k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Men's Undergarments EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
Russia$682k (49.5%)
Canada$17.6k (8.66%)
United Kingdom$9.47k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Men's Undergarments BY Armenia WERE (2021 - 2022):
Belarus-$8.34k (-100%)
Georgia-$5.23k (-100%)
France-$281 (-100%)
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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 Undergarments were:
China $3.23B
Bangladesh $1.2B
Vietnam $715M
In 2022, Armenia's main importing competitors in Knit Men's Undergarments were:
United States $2.31B
Germany $772M
United Kingdom $503M

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Trade Value of Knit Men's Undergarments by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALCanada+ $129k
TOP IMPORT POTENTIALChina+ $262k

Knit Men's Undergarments’s highest export potential is Canada. With an export gap of $129k.   Knit Men's Undergarments’s highest import potential is China with an import gap of $262k.

See methodology.

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