2022
Exports
$10.9MWorld Rnk 85 / 221
Flag Rnk 63 / 945
2022
PRODUCT COMPLEXITY IN Knit Sweaters
-1.3Rnk 909 / 1025
2022
Imports
$23.7MWorld Rnk 89 / 218
Flag Rnk 81 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $10.9M in Knit Sweaters, making it the 85th largest exporter of Knit Sweaters in the world. At the same year, Knit Sweaters was the 63rd most exported product in Armenia. The main destination of Knit Sweaters exports from Armenia are: Russia ($8.62M), Germany ($562k), South Korea ($432k), Bulgaria ($322k), and Italy ($263k).

The fastest growing export markets for Knit Sweaters of Armenia between 2021 and 2022 were Germany ($261k), Switzerland ($222k), and Bulgaria ($182k).

Imports In 2022, Armenia imported $23.7M in Knit Sweaters, becoming the 89th largest importer of Knit Sweaters in the world. At the same year, Knit Sweaters was the 81st most imported product in Armenia. Armenia imports Knit Sweaters primarily from: China ($6.76M), Bangladesh ($3.52M), Georgia ($2.22M), Italy ($1.87M), and Spain ($1.58M).

The fastest growing import markets in Knit Sweaters for Armenia between 2021 and 2022 were Georgia ($1.61M), Bangladesh ($689k), and Turkey ($663k).

Latest Trends

Oct 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 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 (2022)$10.9M
IMPORTS (2022)$23.7M
NET TRADE (2022)-$12.8M

In 2022, Armenia exported $10.9M in Knit Sweaters. The main destinations of Armenia exports on Knit Sweaters were Russia ($8.62M), Germany ($562k), South Korea ($432k), Bulgaria ($322k), and Italy ($263k).

In 2022, Armenia imported $23.7M in Knit Sweaters, mainly from China ($6.76M), Bangladesh ($3.52M), Georgia ($2.22M), Italy ($1.87M), and Spain ($1.58M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Sweaters EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
Germany$261k (86.9%)
Switzerland$222k (1.27k%)
Bulgaria$182k (129%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Sweaters BY Armenia WERE (2021 - 2022):
Russia-$803k (-8.52%)
Spain-$95.3k (-97.1%)
France-$86.5k (-53.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Armenia's main exporting competitors in Knit Sweaters were:
In 2022, 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
View
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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