2022
Exports
$5.54MWorld Rnk 63 / 214
Flag Rnk 94 / 945
2022
PRODUCT COMPLEXITY IN Chemical Analysis Instruments
1.69Rnk 26 / 1025
2022
Imports
$15.4MWorld Rnk 99 / 225
Flag Rnk 125 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $5.54M in Chemical Analysis Instruments, making it the 63rd largest exporter of Chemical Analysis Instruments in the world. At the same year, Chemical Analysis Instruments was the 94th most exported product in Armenia. The main destination of Chemical Analysis Instruments exports from Armenia are: Russia ($3.63M), Belarus ($747k), Italy ($403k), Netherlands ($334k), and Sudan ($126k).

The fastest growing export markets for Chemical Analysis Instruments of Armenia between 2021 and 2022 were Russia ($3.43M), Belarus ($654k), and Italy ($398k).

Imports In 2022, Armenia imported $15.4M in Chemical Analysis Instruments, becoming the 99th largest importer of Chemical Analysis Instruments in the world. At the same year, Chemical Analysis Instruments was the 125th most imported product in Armenia. Armenia imports Chemical Analysis Instruments primarily from: Germany ($5.1M), China ($1.18M), Japan ($853k), United States ($788k), and Lithuania ($780k).

The fastest growing import markets in Chemical Analysis Instruments for Armenia between 2021 and 2022 were Germany ($3.21M), Lithuania ($775k), and Hong Kong ($541k).

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 Chemical Analysis Instruments. 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)$5.54M
IMPORTS (2022)$15.4M
NET TRADE (2022)-$9.83M

In 2022, Armenia exported $5.54M in Chemical Analysis Instruments. The main destinations of Armenia exports on Chemical Analysis Instruments were Russia ($3.63M), Belarus ($747k), Italy ($403k), Netherlands ($334k), and Sudan ($126k).

In 2022, Armenia imported $15.4M in Chemical Analysis Instruments, mainly from Germany ($5.1M), China ($1.18M), Japan ($853k), United States ($788k), and Lithuania ($780k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Chemical Analysis Instruments EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
Russia$3.43M (1.75k%)
Belarus$654k (709%)
Italy$398k (8.13k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Chemical Analysis Instruments BY Armenia WERE (2021 - 2022):
United States-$91.2k (-69.7%)
Germany-$14.7k (-68%)
China-$10.6k (-64.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Armenia's main exporting competitors in Chemical Analysis Instruments were:
In 2022, Armenia's main importing competitors in Chemical Analysis Instruments were:

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Trade Value of Chemical Analysis Instruments by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALItaly+ $412k
TOP IMPORT POTENTIALGermany+ $1.31M

Chemical Analysis Instruments’s highest export potential is Italy. With an export gap of $412k.   Chemical Analysis Instruments’s highest import potential is Germany with an import gap of $1.31M.

See methodology.

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