2022
Exports
$5.12MWorld Rnk 89 / 215
Flag Rnk 98 / 945
2022
PRODUCT COMPLEXITY IN Knit Women's Suits
-1.27Rnk 900 / 1025
2022
Imports
$12.6MWorld Rnk 114 / 220
Flag Rnk 145 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $5.12M in Knit Women's Suits, making it the 89th largest exporter of Knit Women's Suits in the world. At the same year, Knit Women's Suits was the 98th most exported product in Armenia. The main destination of Knit Women's Suits exports from Armenia are: Russia ($2.81M), Germany ($604k), Switzerland ($372k), Estonia ($369k), and Bulgaria ($255k).

The fastest growing export markets for Knit Women's Suits of Armenia between 2021 and 2022 were Germany ($423k), Estonia ($369k), and Russia ($326k).

Imports In 2022, Armenia imported $12.6M in Knit Women's Suits, becoming the 114th largest importer of Knit Women's Suits in the world. At the same year, Knit Women's Suits was the 145th most imported product in Armenia. Armenia imports Knit Women's Suits primarily from: China ($2.76M), Turkey ($1.59M), Russia ($1.16M), Bangladesh ($1.02M), and Germany ($926k).

The fastest growing import markets in Knit Women's Suits for Armenia between 2021 and 2022 were Turkey ($1.57M), Georgia ($638k), and Italy ($477k).

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 Women's Suits. 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)$5.12M
IMPORTS (2022)$12.6M
NET TRADE (2022)-$7.45M

In 2022, Armenia exported $5.12M in Knit Women's Suits. The main destinations of Armenia exports on Knit Women's Suits were Russia ($2.81M), Germany ($604k), Switzerland ($372k), Estonia ($369k), and Bulgaria ($255k).

In 2022, Armenia imported $12.6M in Knit Women's Suits, mainly from China ($2.76M), Turkey ($1.59M), Russia ($1.16M), Bangladesh ($1.02M), and Germany ($926k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Women's Suits EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
Germany$423k (233%)
Estonia$369k (1%)
Russia$326k (13.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Women's Suits BY Armenia WERE (2021 - 2022):
Czechia-$9.29k (-76.5%)
South Korea-$7.27k (-40.1%)
Norway-$4.53k (-57.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Armenia's main exporting competitors in Knit Women's Suits were:
In 2022, Armenia's main importing competitors in Knit Women's Suits were:

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Trade Value of Knit Women's Suits by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALGermany+ $860k
TOP IMPORT POTENTIALChina+ $2.05M

Knit Women's Suits’s highest export potential is Germany. With an export gap of $860k.   Knit Women's Suits’s highest import potential is China with an import gap of $2.05M.

See methodology.

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