2022
Exports
$17.6MWorld Rnk 85 / 223
Flag Rnk 40 / 945
2022
PRODUCT COMPLEXITY IN Non-Knit Women's Suits
-1.24Rnk 889 / 1025
2022
Imports
$36MWorld Rnk 90 / 223
Flag Rnk 37 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $17.6M in Non-Knit Women's Suits, making it the 85th largest exporter of Non-Knit Women's Suits in the world. At the same year, Non-Knit Women's Suits was the 40th most exported product in Armenia. The main destination of Non-Knit Women's Suits exports from Armenia are: Russia ($7.32M), Italy ($1.46M), Lithuania ($1.26M), South Korea ($1.22M), and Germany ($1.06M).

The fastest growing export markets for Non-Knit Women's Suits of Armenia between 2021 and 2022 were Lithuania ($1.14M), Italy ($796k), and United States ($588k).

Imports In 2022, Armenia imported $36M in Non-Knit Women's Suits, becoming the 90th largest importer of Non-Knit Women's Suits in the world. At the same year, Non-Knit Women's Suits was the 37th most imported product in Armenia. Armenia imports Non-Knit Women's Suits primarily from: Italy ($4.75M), Russia ($4.03M), China ($3.92M), Spain ($3.54M), and Bangladesh ($2.54M).

The fastest growing import markets in Non-Knit Women's Suits for Armenia between 2021 and 2022 were Italy ($3.72M), Turkey ($2.33M), and Russia ($1.91M).

Historical Data

Trade Balance

Color
EXPORTS (2022)$17.6M
IMPORTS (2022)$36M
NET TRADE (2022)-$18.3M

In 2022, Armenia exported $17.6M in Non-Knit Women's Suits. The main destinations of Armenia exports on Non-Knit Women's Suits were Russia ($7.32M), Italy ($1.46M), Lithuania ($1.26M), South Korea ($1.22M), and Germany ($1.06M).

In 2022, Armenia imported $36M in Non-Knit Women's Suits, mainly from Italy ($4.75M), Russia ($4.03M), China ($3.92M), Spain ($3.54M), and Bangladesh ($2.54M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Non-Knit Women's Suits EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
Lithuania$1.14M (892%)
Italy$796k (120%)
United States$588k (414%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Non-Knit Women's Suits BY Armenia WERE (2021 - 2022):
Russia-$1.01M (-12.2%)
Austria-$375k (-99.8%)
Poland-$91.9k (-68.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $1.76M
TOP IMPORT POTENTIALChina+ $3.81M

Non-Knit Women's Suits’s highest export potential is Germany. With an export gap of $1.76M.   Non-Knit Women's Suits’s highest import potential is China with an import gap of $3.81M.

See methodology.

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