2022
Exports | Imports
$252M | $721MWorld Rnk 50 / 210
Flag Rnk 8 / 945
World Rnk 81 / 224
Flag Rnk 2 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
-0.24Rnk 74 / 124
2022
PRODUCT COMPLEXITY IN Cars
0.97Rnk 182 / 1025

About

Exports In 2022, Armenia exported $252M in Cars, making it the 50th largest exporter of Cars in the world. At the same year, Cars was the 8th most exported product in Armenia. The main destination of Cars exports from Armenia are: Russia ($237M), Kazakhstan ($4.07M), United Arab Emirates ($2.91M), Belgium ($2.87M), and Georgia ($2.33M).

The fastest growing export markets for Cars of Armenia between 2021 and 2022 were Russia ($233M), Kazakhstan ($4.04M), and United Arab Emirates ($2.47M).

Imports In 2022, Armenia imported $721M in Cars, becoming the 81st largest importer of Cars in the world. At the same year, Cars was the 2nd most imported product in Armenia. Armenia imports Cars primarily from: United Arab Emirates ($149M), Georgia ($135M), United States ($129M), Germany ($92.3M), and Japan ($52.8M).

The fastest growing import markets in Cars for Armenia between 2021 and 2022 were United Arab Emirates ($145M), Georgia ($129M), and United States ($109M).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Cars from Armenia to the United States.

Latest Trends

Jan 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 (2022)$252M
IMPORTS (2022)$721M
NET TRADE (2022)-$469M

In 2022, Armenia exported $252M in Cars. The main destinations of Armenia exports on Cars were Russia ($237M), Kazakhstan ($4.07M), United Arab Emirates ($2.91M), Belgium ($2.87M), and Georgia ($2.33M).

In 2022, Armenia imported $721M in Cars, mainly from United Arab Emirates ($149M), Georgia ($135M), United States ($129M), Germany ($92.3M), and Japan ($52.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cars EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
Russia$233M (6.72k%)
Kazakhstan$4.04M (17.4k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars BY Armenia WERE (2021 - 2022):
Saudi Arabia-$470k (-100%)
Kyrgyzstan-$421k (-44.1%)
Belgium-$244k (-7.81%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Cars by Exporters

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