2022
Exports
$11.5MWorld Rnk 69 / 223
Flag Rnk 61 / 945
2022
PRODUCT COMPLEXITY IN Centrifuges
1.1Rnk 136 / 1025
2022
Imports
$30.7MWorld Rnk 119 / 226
Flag Rnk 51 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $11.5M in Centrifuges, making it the 69th largest exporter of Centrifuges in the world. At the same year, Centrifuges was the 61st most exported product in Armenia. The main destination of Centrifuges exports from Armenia are: Russia ($10.6M), Colombia ($400k), Belarus ($158k), Georgia ($91.2k), and Lithuania ($63.2k).

The fastest growing export markets for Centrifuges of Armenia between 2021 and 2022 were Russia ($8.17M), Colombia ($400k), and Belarus ($158k).

Imports In 2022, Armenia imported $30.7M in Centrifuges, becoming the 119th largest importer of Centrifuges in the world. At the same year, Centrifuges was the 51st most imported product in Armenia. Armenia imports Centrifuges primarily from: Germany ($5.67M), China ($4.4M), Poland ($2.19M), Lithuania ($1.92M), and Georgia ($1.89M).

The fastest growing import markets in Centrifuges for Armenia between 2021 and 2022 were Germany ($2.35M), China ($2.19M), and Poland ($1.92M).

Latest Trends

Jul 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 Centrifuges. 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)$11.5M
IMPORTS (2022)$30.7M
NET TRADE (2022)-$19.2M

In 2022, Armenia exported $11.5M in Centrifuges. The main destinations of Armenia exports on Centrifuges were Russia ($10.6M), Colombia ($400k), Belarus ($158k), Georgia ($91.2k), and Lithuania ($63.2k).

In 2022, Armenia imported $30.7M in Centrifuges, mainly from Germany ($5.67M), China ($4.4M), Poland ($2.19M), Lithuania ($1.92M), and Georgia ($1.89M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Centrifuges EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
Russia$8.17M (344%)
Colombia$400k (1%)
Belarus$158k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Centrifuges BY Armenia WERE (2021 - 2022):
Iran-$195k (-95.3%)
Georgia-$68.6k (-42.9%)
Hong Kong-$47.6k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Centrifuges by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALColombia+ $186k
TOP IMPORT POTENTIALGermany+ $2.72M

Centrifuges’s highest export potential is Colombia. With an export gap of $186k.   Centrifuges’s highest import potential is Germany with an import gap of $2.72M.

See methodology.

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