2022
Exports
$88.8MWorld Rnk 63 / 98
Flag Rnk 14 / 945
2022
PRODUCT COMPLEXITY IN Electricity
-0.67Rnk 750 / 1025
2022
Imports
$5.56MWorld Rnk 96 / 128
Flag Rnk 257 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $88.8M in Electricity, making it the 63rd largest exporter of Electricity in the world. At the same year, Electricity was the 14th most exported product in Armenia. The main destination of Electricity exports from Armenia are: Iran ($66.2M), Georgia ($21.3M), and Azerbaijan ($1.27M).

The fastest growing export markets for Electricity of Armenia between 2021 and 2022 were Iran ($21.6M) and Georgia ($21.3M).

Imports In 2022, Armenia imported $5.56M in Electricity, becoming the 96th largest importer of Electricity in the world. At the same year, Electricity was the 257th most imported product in Armenia. Armenia imports Electricity primarily from: Georgia ($4.41M) and Iran ($1.15M).

The fastest growing import markets in Electricity for Armenia between 2021 and 2022 were Iran ($650k).

Historical Data

Trade Balance

Color
EXPORTS (2022)$88.8M
IMPORTS (2022)$5.56M
NET TRADE (2022)$83.2M

In 2022, Armenia exported $88.8M in Electricity. The main destinations of Armenia exports on Electricity were Iran ($66.2M), Georgia ($21.3M), and Azerbaijan ($1.27M).

In 2022, Armenia imported $5.56M in Electricity, mainly from Georgia ($4.41M) and Iran ($1.15M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electricity EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
Iran$21.6M (48.5%)
Georgia$21.3M (118M%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electricity BY Armenia WERE (2021 - 2022):Azerbaijan-$5.05M (-80%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Armenia's main exporting competitors in Electricity were:
In 2022, Armenia's main importing competitors in Electricity were:
France $14.6B
Germany $12.9B
Italy $11.9B

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Trade Value of Electricity by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALAzerbaijan+ $103k
TOP IMPORT POTENTIALIran+ $124k

Electricity’s highest export potential is Azerbaijan. With an export gap of $103k.   Electricity’s highest import potential is Iran with an import gap of $124k.

See methodology.

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