2022
Exports
$40.4MWorld Rnk 63 / 221
Flag Rnk 22 / 945
2022
PRODUCT COMPLEXITY IN Non-Knit Men's Suits
-1.17Rnk 874 / 1025
2022
Imports
$25.7MWorld Rnk 96 / 225
Flag Rnk 74 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $40.4M in Non-Knit Men's Suits, making it the 63rd largest exporter of Non-Knit Men's Suits in the world. At the same year, Non-Knit Men's Suits was the 22nd most exported product in Armenia. The main destination of Non-Knit Men's Suits exports from Armenia are: Germany ($26.5M), Russia ($8.8M), Italy ($1.14M), Poland ($1.1M), and South Korea ($679k).

The fastest growing export markets for Non-Knit Men's Suits of Armenia between 2021 and 2022 were Germany ($1.94M), Poland ($649k), and Spain ($228k).

Imports In 2022, Armenia imported $25.7M in Non-Knit Men's Suits, becoming the 96th largest importer of Non-Knit Men's Suits in the world. At the same year, Non-Knit Men's Suits was the 74th most imported product in Armenia. Armenia imports Non-Knit Men's Suits primarily from: China ($3.82M), Germany ($3.3M), Bangladesh ($2.57M), Italy ($2.5M), and Turkey ($1.74M).

The fastest growing import markets in Non-Knit Men's Suits for Armenia between 2021 and 2022 were Germany ($1.86M), Turkey ($1.7M), and Italy ($955k).

Historical Data

Trade Balance

Color
EXPORTS (2022)$40.4M
IMPORTS (2022)$25.7M
NET TRADE (2022)$14.7M

In 2022, Armenia exported $40.4M in Non-Knit Men's Suits. The main destinations of Armenia exports on Non-Knit Men's Suits were Germany ($26.5M), Russia ($8.8M), Italy ($1.14M), Poland ($1.1M), and South Korea ($679k).

In 2022, Armenia imported $25.7M in Non-Knit Men's Suits, mainly from China ($3.82M), Germany ($3.3M), Bangladesh ($2.57M), Italy ($2.5M), and Turkey ($1.74M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Non-Knit Men's Suits EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
Germany$1.94M (7.91%)
Poland$649k (144%)
Spain$228k (1.2k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Non-Knit Men's Suits BY Armenia WERE (2021 - 2022):
Austria-$944k (-100%)
Italy-$505k (-30.7%)
Czechia-$285k (-54.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Armenia's main exporting competitors in Non-Knit Men's Suits were:
In 2022, Armenia's main importing competitors in Non-Knit Men's Suits were:

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Trade Value of Non-Knit Men's Suits by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $1.93M
TOP IMPORT POTENTIALBangladesh+ $2.74M

Non-Knit Men's Suits’s highest export potential is Germany. With an export gap of $1.93M.   Non-Knit Men's Suits’s highest import potential is Bangladesh with an import gap of $2.74M.

See methodology.

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