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2022
Exports $7.01MWorld Rnk 70 / 203
Flag Rnk 81 / 945
2022
Destination $496k Russia
2021 - 2022
FASTEST GROWING MARKET $496kRussia
2022
PRODUCT COMPLEXITY IN Knit Socks and Hosiery-0.71Rnk 761 / 1025
2022
Imports $7.98MWorld Rnk 93 / 218
Flag Rnk 197 / 1142
2022
Origin $972kN/A
2021 - 2022
FASTEST GROWING ORIGIN $972kTurkey
2022
ECONOMIC COMPLEXITY of Armenia0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $7.01M in Knit Socks and Hosiery, making it the 70th largest exporter of Knit Socks and Hosiery in the world. At the same year, Knit Socks and Hosiery was the 81st most exported product in Armenia. The main destination of Knit Socks and Hosiery exports from Armenia are: Russia ($6.8M), United Kingdom ($137k), Belarus ($22.5k), Georgia ($19.5k), and Germany ($16.1k).

The fastest growing export markets for Knit Socks and Hosiery of Armenia between 2021 and 2022 were Russia ($496k), United Kingdom ($128k), and Georgia ($10.9k).

Imports In 2022, Armenia imported $7.98M in Knit Socks and Hosiery, becoming the 93rd largest importer of Knit Socks and Hosiery in the world. At the same year, Knit Socks and Hosiery was the 197th most imported product in Armenia. Armenia imports Knit Socks and Hosiery primarily from: N/A.

The fastest growing import markets in Knit Socks and Hosiery for Armenia between 2021 and 2022 were Turkey ($972k), Georgia ($766k), and Sri Lanka ($265k).

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 Socks and Hosiery. 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)$7.01M
IMPORTS (2022)$7.98M
NET TRADE (2022)-$972k

In 2022, Armenia exported $7.01M in Knit Socks and Hosiery. The main destinations of Armenia exports on Knit Socks and Hosiery were Russia ($6.8M), United Kingdom ($137k), Belarus ($22.5k), Georgia ($19.5k), and Germany ($16.1k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Socks and Hosiery EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
Russia$496k (7.86%)
United Kingdom$128k (1.49k%)
Georgia$10.9k (126%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Socks and Hosiery BY Armenia WERE (2021 - 2022):
Belarus-$44.9k (-66.6%)
United States-$5.76k (-45.4%)
Australia-$519 (-75.8%)
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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 Socks and Hosiery were:
China $7.01B
Turkey $1.38B
Germany $779M
In 2022, Armenia's main importing competitors in Knit Socks and Hosiery were:
United States $2.93B
Germany $1.51B
Japan $866M

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Trade Value of Knit Socks and Hosiery by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited Kingdom+ $251k
TOP IMPORT POTENTIALChina+ $980k

Knit Socks and Hosiery’s highest export potential is United Kingdom. With an export gap of $251k.   Knit Socks and Hosiery’s highest import potential is China with an import gap of $980k.

See methodology.

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