2022
Exports
$311MWorld Rnk 35 / 129
Flag Rnk 5 / 945
2022
PRODUCT COMPLEXITY IN Ferroalloys
-1.24Rnk 892 / 1025
2022
Imports
$12.9MWorld Rnk 82 / 172
Flag Rnk 142 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $311M in Ferroalloys, making it the 35th largest exporter of Ferroalloys in the world. At the same year, Ferroalloys was the 5th most exported product in Armenia. The main destination of Ferroalloys exports from Armenia are: Netherlands ($198M), Russia ($51.9M), Germany ($26.8M), Slovenia ($11.4M), and Poland ($7.84M).

The fastest growing export markets for Ferroalloys of Armenia between 2021 and 2022 were Russia ($41M), Netherlands ($23M), and Czechia ($5.99M).

Imports In 2022, Armenia imported $12.9M in Ferroalloys, becoming the 82nd largest importer of Ferroalloys in the world. At the same year, Ferroalloys was the 142nd most imported product in Armenia. Armenia imports Ferroalloys primarily from: Iran ($10.7M), Georgia ($1.47M), Russia ($755k), China ($3.92k), and Italy ($1.16k).

The fastest growing import markets in Ferroalloys for Armenia between 2021 and 2022 were Iran ($3.09M), Russia ($533k), and China ($3.92k).

Latest Trends

Oct 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 Ferroalloys. 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)$311M
IMPORTS (2022)$12.9M
NET TRADE (2022)$298M

In 2022, Armenia exported $311M in Ferroalloys. The main destinations of Armenia exports on Ferroalloys were Netherlands ($198M), Russia ($51.9M), Germany ($26.8M), Slovenia ($11.4M), and Poland ($7.84M).

In 2022, Armenia imported $12.9M in Ferroalloys, mainly from Iran ($10.7M), Georgia ($1.47M), Russia ($755k), China ($3.92k), and Italy ($1.16k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Ferroalloys EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
Russia$41M (378%)
Netherlands$23M (13.1%)
Czechia$5.99M (3.96k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ferroalloys BY Armenia WERE (2021 - 2022):
Germany-$14.3M (-34.8%)
Austria-$7.59M (-100%)
Ukraine-$906k (-84.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Ferroalloys by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $6.96M
TOP IMPORT POTENTIALGeorgia+ $655k

Ferroalloys’s highest export potential is Germany. With an export gap of $6.96M.   Ferroalloys’s highest import potential is Georgia with an import gap of $655k.

See methodology.

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