2022
Exports
$3.12MWorld Rnk 72 / 223
Flag Rnk 140 / 945
2022
PRODUCT COMPLEXITY IN Engine Parts
0.92Rnk 203 / 1025
2022
Imports
$15.5MWorld Rnk 116 / 224
Flag Rnk 124 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $3.12M in Engine Parts, making it the 72nd largest exporter of Engine Parts in the world. At the same year, Engine Parts was the 140th most exported product in Armenia. The main destination of Engine Parts exports from Armenia are: Russia ($2.79M), Georgia ($150k), United Arab Emirates ($60.8k), Belgium ($32.4k), and Argentina ($17.6k).

The fastest growing export markets for Engine Parts of Armenia between 2021 and 2022 were Russia ($1.58M), United Arab Emirates ($60.8k), and Argentina ($17.5k).

Imports In 2022, Armenia imported $15.5M in Engine Parts, becoming the 116th largest importer of Engine Parts in the world. At the same year, Engine Parts was the 124th most imported product in Armenia. Armenia imports Engine Parts primarily from: Germany ($3.39M), Lithuania ($2.22M), Russia ($1.47M), China ($1.12M), and Poland ($1.12M).

The fastest growing import markets in Engine Parts for Armenia between 2021 and 2022 were Germany ($3.01M), Lithuania ($2.22M), and Poland ($1.11M).

Latest Trends

Jul 2024

Subnational Monthly Trade

View
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 Engine Parts. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2022)$3.12M
IMPORTS (2022)$15.5M
NET TRADE (2022)-$12.4M

In 2022, Armenia exported $3.12M in Engine Parts. The main destinations of Armenia exports on Engine Parts were Russia ($2.79M), Georgia ($150k), United Arab Emirates ($60.8k), Belgium ($32.4k), and Argentina ($17.6k).

In 2022, Armenia imported $15.5M in Engine Parts, mainly from Germany ($3.39M), Lithuania ($2.22M), Russia ($1.47M), China ($1.12M), and Poland ($1.12M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Engine Parts EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
Russia$1.58M (130%)
Argentina$17.5k (47.4k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Engine Parts BY Armenia WERE (2021 - 2022):
Georgia-$25.3k (-14.5%)
Belgium-$8.48k (-20.8%)
Norway-$7.5k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Armenia's main exporting competitors in Engine Parts were:
China $7.96B
Japan $6.08B
In 2022, Armenia's main importing competitors in Engine Parts were:

Explore Visualizations

Trade Value of Engine Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Arab Emirates+ $96k
TOP IMPORT POTENTIALGermany+ $1.74M

Engine Parts’s highest export potential is United Arab Emirates. With an export gap of $96k.   Engine Parts’s highest import potential is Germany with an import gap of $1.74M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with