2022
Exports
$258kWorld Rnk 86 / 197
Flag Rnk 405 / 945
2022
PRODUCT COMPLEXITY IN Other Headwear
0.5Rnk 367 / 1025
2022
Imports
$1MWorld Rnk 127 / 225
Flag Rnk 560 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $258k in Other Headwear, making it the 86th largest exporter of Other Headwear in the world. At the same year, Other Headwear was the 405th most exported product in Armenia. The main destination of Other Headwear exports from Armenia are: Italy ($150k), United States ($44.4k), Belarus ($35.7k), Russia ($25.8k), and South Korea ($540).

The fastest growing export markets for Other Headwear of Armenia between 2021 and 2022 were Italy ($150k), United States ($44.4k), and Belarus ($24.9k).

Imports In 2022, Armenia imported $1M in Other Headwear, becoming the 127th largest importer of Other Headwear in the world. At the same year, Other Headwear was the 560th most imported product in Armenia. Armenia imports Other Headwear primarily from: China ($397k), India ($180k), Russia ($131k), Lithuania ($89.6k), and Italy ($45.8k).

The fastest growing import markets in Other Headwear for Armenia between 2021 and 2022 were China ($195k), India ($180k), and Lithuania ($89.5k).

Latest Trends

Sep 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 Other Headwear. 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)$258k
IMPORTS (2022)$1M
NET TRADE (2022)-$746k

In 2022, Armenia exported $258k in Other Headwear. The main destinations of Armenia exports on Other Headwear were Italy ($150k), United States ($44.4k), Belarus ($35.7k), Russia ($25.8k), and South Korea ($540).

In 2022, Armenia imported $1M in Other Headwear, mainly from China ($397k), India ($180k), Russia ($131k), Lithuania ($89.6k), and Italy ($45.8k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Headwear EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
Italy$150k (1%)
United States$44.4k (1%)
Belarus$24.9k (231%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Headwear BY Armenia WERE (2021 - 2022):
Iran-$11.2k (-97.4%)
Luxembourg-$653 (-100%)
Iraq-$120 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Armenia's main exporting competitors in Other Headwear were:
China $2.77B
Italy $287M
In 2022, Armenia's main importing competitors in Other Headwear were:

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Trade Value of Other Headwear by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $70.5k
TOP IMPORT POTENTIALChina+ $220k

Other Headwear’s highest export potential is United States. With an export gap of $70.5k.   Other Headwear’s highest import potential is China with an import gap of $220k.

See methodology.

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