2022
Exports
$246MWorld Rnk 60 / 226
Flag Rnk 8 / 96
2022
PRODUCT COMPLEXITY IN Non-knitted clothing accesories
-0.62Rnk 737 / 1025
2022
Imports
$127MWorld Rnk 95 / 226
Flag Rnk 14 / 96
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $246M in Non-knitted clothing accesories, making it the 60th largest exporter of Non-knitted clothing accesories in the world. At the same year, Non-knitted clothing accesories was the 8th most exported product in Armenia. The main destination of Non-knitted clothing accesories exports from Armenia are: Italy ($43.6M), Russia ($41.5M), China ($41.1M), Germany ($32.1M), and Japan ($20M).

The fastest growing export markets for Non-knitted clothing accesories of Armenia between 2021 and 2022 were United Kingdom ($7.07M), Slovakia ($3.99M), and Germany ($1.8M).

Imports In 2022, Armenia imported $127M in Non-knitted clothing accesories, becoming the 95th largest importer of Non-knitted clothing accesories in the world. At the same year, Non-knitted clothing accesories was the 14th most imported product in Armenia. Armenia imports Non-knitted clothing accesories primarily from: China ($25.7M), Italy ($19.8M), Russia ($10.4M), Bangladesh ($8.12M), and Germany ($8.02M).

The fastest growing import markets in Non-knitted clothing accesories for Armenia between 2021 and 2022 were Turkey ($7.89M), Italy ($7.1M), and Georgia ($2.87M).

Latest Trends

Nov 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 Non-knitted clothing accesories. 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)$246M
IMPORTS (2022)$127M
NET TRADE (2022)$119M

In 2022, Armenia exported $246M in Non-knitted clothing accesories. The main destinations of Armenia exports on Non-knitted clothing accesories were Italy ($43.6M), Russia ($41.5M), China ($41.1M), Germany ($32.1M), and Japan ($20M).

In 2022, Armenia imported $127M in Non-knitted clothing accesories, mainly from China ($25.7M), Italy ($19.8M), Russia ($10.4M), Bangladesh ($8.12M), and Germany ($8.02M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Non-knitted clothing accesories EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
United Kingdom$7.07M (10.6k%)
Slovakia$3.99M (34.3%)
Germany$1.8M (5.95%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Non-knitted clothing accesories BY Armenia WERE (2021 - 2022):
United States-$6.48M (-81.7%)
China-$5.51M (-11.8%)
South Korea-$2.73M (-13.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Armenia's main exporting competitors in Non-knitted clothing accesories were:
In 2022, Armenia's main importing competitors in Non-knitted clothing accesories were:

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Trade Value of Non-knitted clothing accesories by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $9.07M
TOP IMPORT POTENTIALChina+ $12.6M

Non-knitted clothing accesories’s highest export potential is Germany. With an export gap of $9.07M.   Non-knitted clothing accesories’s highest import potential is China with an import gap of $12.6M.

See methodology.

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