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2023
Exports $700MWorld Rnk 18 / 111
Flag Rnk 3 / 973
falsefalse China
2022 - 2023
FASTEST GROWING MARKETfalseChina
2023
PRODUCT COMPLEXITY IN Copper Ore-1.95Rnk 994 / 1025
2023
Imports $11.4kWorld Rnk 0 / 0
Flag Rnk 0 / 0
2022 - 2023
FASTEST GROWING ORIGINfalsefalse
2023
ECONOMIC COMPLEXITY of Armenia0.094Rnk 57 / 132

About

Exports In 2023, Armenia exported $700M in Copper Ore, making it the 18th largest exporter of Copper Ore in the world. At the same year, Copper Ore was the 3rd most exported product in Armenia. The main destination of Copper Ore exports from Armenia are: China ($344M), Georgia ($160M), Bulgaria ($91.8M), Spain ($61.3M), and Switzerland ($16.6M).

The fastest growing export markets for Copper Ore of Armenia between 2022 and 2023 were China ($66.9M), Iran ($6.35M), and Montenegro ($3.71M).

Imports In 2022, Armenia imported $11.4k in Copper Ore, becoming the 0th largest importer of Copper Ore in the world. At the same year, Copper Ore was the 0th most imported product in Armenia. Armenia imports Copper Ore primarily from: N/A.

Latest Trends

Jan 2025

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 Copper Ore. 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)$700M
IMPORTS (2022)$11.4k
NET TRADE (2023)$700M

In 2023, Armenia exported $700M in Copper Ore. The main destinations of Armenia exports on Copper Ore were China ($344M), Georgia ($160M), Bulgaria ($91.8M), Spain ($61.3M), and Switzerland ($16.6M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Copper Ore EXPORT MARKETS FOR Armenia WERE (2022 - 2023):
China$66.9M (24.1%)
Iran$6.35M (138%)
Montenegro$3.71M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Copper Ore BY Armenia WERE (2022 - 2023):
Georgia-$217M (-57.5%)
Switzerland-$145M (-89.7%)
Bulgaria-$114M (-55.5%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Armenia's main exporting competitors in Copper Ore were:
Chile $24.2B
Peru $19.9B
Indonesia $8.55B
In 2023, Armenia's main importing competitors in Copper Ore were:
China $57.3B
Japan $11B
South Korea $4.95B

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Trade Value of Copper Ore by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $101M
TOP IMPORT POTENTIALChile+ $8.45k

Copper Ore’s highest export potential is China. With an export gap of $101M.   Copper Ore’s highest import potential is Chile with an import gap of $8.45k.

See methodology.

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