2023
Exports
$450MWorld Rnk 41 / 210
Flag Rnk 6 / 973
2023
PRODUCT COMPLEXITY IN Cars
0.9Rnk 206 / 1025
2023
Imports
$1.52BWorld Rnk 70 / 225
Flag Rnk 1 / 1135
2023
ECONOMIC COMPLEXITY of Armenia
0.094Rnk 57 / 132

About

Exports In 2023, Armenia exported $450M in Cars, making it the 41st largest exporter of Cars in the world. At the same year, Cars was the 6th most exported product in Armenia. The main destination of Cars exports from Armenia are: Russia ($379M), Kazakhstan ($42.4M), Kyrgyzstan ($16.7M), Georgia ($5.26M), and Belgium ($2.79M).

The fastest growing export markets for Cars of Armenia between 2022 and 2023 were Russia ($132M), Kazakhstan ($38.2M), and Kyrgyzstan ($16.2M).

Imports In 2023, Armenia imported $1.52B in Cars, becoming the 70th largest importer of Cars in the world. At the same year, Cars was the 1st most imported product in Armenia. Armenia imports Cars primarily from: N/A.

The fastest growing import markets in Cars for Armenia between 2022 and 2023 were Georgia ($218M), United States ($132M), and Japan ($111M).

Latest Trends

Dec 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 Cars. 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 (2023)$450M
IMPORTS (2023)$1.52B
NET TRADE (2023)-$1.07B

In 2023, Armenia exported $450M in Cars. The main destinations of Armenia exports on Cars were Russia ($379M), Kazakhstan ($42.4M), Kyrgyzstan ($16.7M), Georgia ($5.26M), and Belgium ($2.79M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cars EXPORT MARKETS FOR Armenia WERE (2022 - 2023):
Russia$132M (53.8%)
Kazakhstan$38.2M (893%)
Kyrgyzstan$16.2M (3.04k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars BY Armenia WERE (2022 - 2023):
Germany-$1.54M (-91.6%)
United Arab Emirates-$316k (-10.8%)
Austria-$235k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Armenia's main exporting competitors in Cars were:
Japan $119B
China $74.5B
In 2023, Armenia's main importing competitors in Cars were:

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Trade Value of Cars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $6.45M
TOP IMPORT POTENTIALGermany+ $37.9M

Cars’s highest export potential is Germany. With an export gap of $6.45M.   Cars’s highest import potential is Germany with an import gap of $37.9M.

See methodology.

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