2022
Exports
$325MWorld Rnk 93 / 226
Flag Rnk 7 / 21
2022
PRODUCT COMPLEXITY IN Textiles
1.5Rnk 52 / 1025
2022
Imports
$469MWorld Rnk 119 / 226
Flag Rnk 9 / 21
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $325M in Textiles, making it the 93rd largest exporter of Textiles in the world. At the same year, Textiles was the 7th most exported product in Armenia. The main destination of Textiles exports from Armenia are: Russia ($106M), Italy ($44.4M), China ($41.6M), Germany ($35.3M), and Japan ($20M).

The fastest growing export markets for Textiles of Armenia between 2021 and 2022 were Russia ($14M), United Kingdom ($7.36M), and Slovakia ($5.68M).

Imports In 2022, Armenia imported $469M in Textiles, becoming the 119th largest importer of Textiles in the world. At the same year, Textiles was the 9th most imported product in Armenia. Armenia imports Textiles primarily from: China ($76.6M), Turkey ($55.3M), Italy ($47.7M), Germany ($39.3M), and Russia ($34.4M).

The fastest growing import markets in Textiles for Armenia between 2021 and 2022 were Turkey ($36.1M), Georgia ($23.1M), and India ($8.31M).

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 Textiles. 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)$325M
IMPORTS (2022)$469M
NET TRADE (2022)-$143M

In 2022, Armenia exported $325M in Textiles. The main destinations of Armenia exports on Textiles were Russia ($106M), Italy ($44.4M), China ($41.6M), Germany ($35.3M), and Japan ($20M).

In 2022, Armenia imported $469M in Textiles, mainly from China ($76.6M), Turkey ($55.3M), Italy ($47.7M), Germany ($39.3M), and Russia ($34.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Textiles EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
Russia$14M (15.1%)
United Kingdom$7.36M (8.65k%)
Slovakia$5.68M (48.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Textiles BY Armenia WERE (2021 - 2022):
United States-$6.17M (-75.6%)
China-$5.26M (-11.2%)
South Korea-$2.69M (-12.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Armenia's main exporting competitors in Textiles were:
In 2022, Armenia's main importing competitors in Textiles were:

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Trade Value of Textiles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $13.5M
TOP IMPORT POTENTIALChina+ $41.7M

Textiles’s highest export potential is Germany. With an export gap of $13.5M.   Textiles’s highest import potential is China with an import gap of $41.7M.

See methodology.

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