2022
Exports
$6.29MWorld Rnk 89 / 226
Flag Rnk 87 / 945
2022
PRODUCT COMPLEXITY IN Knit T-shirts
-1.34Rnk 921 / 1025
2022
Imports
$14.8MWorld Rnk 114 / 223
Flag Rnk 128 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $6.29M in Knit T-shirts, making it the 89th largest exporter of Knit T-shirts in the world. At the same year, Knit T-shirts was the 87th most exported product in Armenia. The main destination of Knit T-shirts exports from Armenia are: Russia ($5.02M), Germany ($922k), Switzerland ($95.4k), United States ($43k), and Poland ($34k).

The fastest growing export markets for Knit T-shirts of Armenia between 2021 and 2022 were Russia ($1.18M), Germany ($537k), and Switzerland ($79.5k).

Imports In 2022, Armenia imported $14.8M in Knit T-shirts, becoming the 114th largest importer of Knit T-shirts in the world. At the same year, Knit T-shirts was the 128th most imported product in Armenia. Armenia imports Knit T-shirts primarily from: Bangladesh ($2.97M), China ($1.84M), Turkey ($1.41M), Spain ($1.24M), and Georgia ($1.08M).

The fastest growing import markets in Knit T-shirts for Armenia between 2021 and 2022 were Turkey ($1.37M), Spain ($630k), and Georgia ($491k).

Latest Trends

Sep 2024

Subnational Monthly Trade

View
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 T-shirts. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2022)$6.29M
IMPORTS (2022)$14.8M
NET TRADE (2022)-$8.48M

In 2022, Armenia exported $6.29M in Knit T-shirts. The main destinations of Armenia exports on Knit T-shirts were Russia ($5.02M), Germany ($922k), Switzerland ($95.4k), United States ($43k), and Poland ($34k).

In 2022, Armenia imported $14.8M in Knit T-shirts, mainly from Bangladesh ($2.97M), China ($1.84M), Turkey ($1.41M), Spain ($1.24M), and Georgia ($1.08M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit T-shirts EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
Russia$1.18M (30.7%)
Germany$537k (140%)
Switzerland$79.5k (499%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit T-shirts BY Armenia WERE (2021 - 2022):
Lithuania-$46.9k (-96.8%)
Poland-$44.9k (-56.9%)
Belarus-$4.02k (-98.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Armenia's main exporting competitors in Knit T-shirts were:
In 2022, Armenia's main importing competitors in Knit T-shirts were:

Explore Visualizations

Trade Value of Knit T-shirts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $1.14M
TOP IMPORT POTENTIALBangladesh+ $2.49M

Knit T-shirts’s highest export potential is Germany. With an export gap of $1.14M.   Knit T-shirts’s highest import potential is Bangladesh with an import gap of $2.49M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with