2023
Exports
$28.6MWorld Rnk 69 / 219
Flag Rnk 29 / 973
2023
PRODUCT COMPLEXITY IN Knit Sweaters
-1.3Rnk 900 / 1025
2023
Imports
$40.8MWorld Rnk 73 / 220
Flag Rnk 46 / 1135
2023
ECONOMIC COMPLEXITY of Armenia
0.094Rnk 57 / 132

About

Exports In 2023, Armenia exported $28.6M in Knit Sweaters, making it the 69th largest exporter of Knit Sweaters in the world. At the same year, Knit Sweaters was the 29th most exported product in Armenia. The main destination of Knit Sweaters exports from Armenia are: Russia ($27.4M), Bulgaria ($423k), Germany ($347k), Italy ($153k), and Romania ($86.3k).

The fastest growing export markets for Knit Sweaters of Armenia between 2022 and 2023 were Russia ($18.8M), Romania ($86.3k), and Singapore ($25.7k).

Imports In 2023, Armenia imported $40.8M in Knit Sweaters, becoming the 73rd largest importer of Knit Sweaters in the world. At the same year, Knit Sweaters was the 46th most imported product in Armenia. Armenia imports Knit Sweaters primarily from: China ($15.6M), Bangladesh ($4.33M), Turkey ($4.3M), Russia ($3.91M), and Italy ($3.68M).

The fastest growing import markets in Knit Sweaters for Armenia between 2022 and 2023 were China ($5.21M), Russia ($3.04M), and Italy ($1.58M).

Latest Trends

Jan 2025

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 Sweaters. 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 (2023)$28.6M
IMPORTS (2023)$40.8M
NET TRADE (2023)-$12.2M

In 2023, Armenia exported $28.6M in Knit Sweaters. The main destinations of Armenia exports on Knit Sweaters were Russia ($27.4M), Bulgaria ($423k), Germany ($347k), Italy ($153k), and Romania ($86.3k).

In 2023, Armenia imported $40.8M in Knit Sweaters, mainly from China ($15.6M), Bangladesh ($4.33M), Turkey ($4.3M), Russia ($3.91M), and Italy ($3.68M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Knit Sweaters EXPORT MARKETS FOR Armenia WERE (2022 - 2023):
Russia$18.8M (218%)
Romania$86.3k (1%)
Singapore$25.7k (210%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Sweaters BY Armenia WERE (2022 - 2023):
South Korea-$432k (-100%)
Switzerland-$228k (-95.2%)
Germany-$216k (-38.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Armenia's main exporting competitors in Knit Sweaters were:
In 2023, Armenia's main importing competitors in Knit Sweaters were:

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Trade Value of Knit Sweaters by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALGermany+ $1.12M
TOP IMPORT POTENTIALChina+ $3.74M

Knit Sweaters’s highest export potential is Germany. With an export gap of $1.12M.   Knit Sweaters’s highest import potential is China with an import gap of $3.74M.

See methodology.

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