2022
Exports
$199kWorld Rnk 104 / 152
Flag Rnk 452 / 945
2022
PRODUCT COMPLEXITY IN Buses
0.074Rnk 528 / 1025
2022
Imports
$35.4MWorld Rnk 76 / 217
Flag Rnk 39 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $199k in Buses, making it the 104th largest exporter of Buses in the world. At the same year, Buses was the 452nd most exported product in Armenia. The main destination of Buses exports from Armenia are: Russia ($187k) and Georgia ($11.8k).

The fastest growing export markets for Buses of Armenia between N/A and 2022 were Russia ($187k) and Georgia ($11.8k).

Imports In 2022, Armenia imported $35.4M in Buses, becoming the 76th largest importer of Buses in the world. At the same year, Buses was the 39th most imported product in Armenia. Armenia imports Buses primarily from: China ($19.7M), Georgia ($8.8M), Russia ($4.68M), Japan ($1.49M), and United Arab Emirates ($544k).

The fastest growing import markets in Buses for Armenia between 2021 and 2022 were Georgia ($8.8M), China ($1.65M), and Japan ($1.49M).

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 Buses. 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)$199k
IMPORTS (2022)$35.4M
NET TRADE (2022)-$35.2M

In 2022, Armenia exported $199k in Buses. The main destinations of Armenia exports on Buses were Russia ($187k) and Georgia ($11.8k).

In 2022, Armenia imported $35.4M in Buses, mainly from China ($19.7M), Georgia ($8.8M), Russia ($4.68M), Japan ($1.49M), and United Arab Emirates ($544k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Buses EXPORT MARKETS FOR Armenia WERE (N/A - 2022):
Russia$187k (1%)
Georgia$11.8k (1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Armenia's main exporting competitors in Buses were:
China $2.64B
Japan $1.95B
Turkey $1.52B
In 2022, Armenia's main importing competitors in Buses were:

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Trade Value of Buses by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALRussia+ $36.4k
TOP IMPORT POTENTIALJapan+ $637k

Buses’s highest export potential is Russia. With an export gap of $36.4k.   Buses’s highest import potential is Japan with an import gap of $637k.

See methodology.

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