2023
Exports
$402MWorld Rnk 20 / 126
Flag Rnk 7 / 973
2023
PRODUCT COMPLEXITY IN Ferroalloys
-1.33Rnk 905 / 1025
2023
Imports
$9.81MWorld Rnk 80 / 171
Flag Rnk 200 / 1135
2023
ECONOMIC COMPLEXITY of Armenia
0.094Rnk 57 / 132

About

Exports In 2023, Armenia exported $402M in Ferroalloys, making it the 20th largest exporter of Ferroalloys in the world. At the same year, Ferroalloys was the 7th most exported product in Armenia. The main destination of Ferroalloys exports from Armenia are: Netherlands ($206M), Russia ($73M), Germany ($58.5M), Slovenia ($22.7M), and Poland ($11.4M).

The fastest growing export markets for Ferroalloys of Armenia between 2022 and 2023 were Germany ($31.8M), Russia ($21.1M), and Slovenia ($11.3M).

Imports In 2023, Armenia imported $9.81M in Ferroalloys, becoming the 80th largest importer of Ferroalloys in the world. At the same year, Ferroalloys was the 200th most imported product in Armenia. Armenia imports Ferroalloys primarily from: Iran ($7.6M), Russia ($1.98M), and Georgia ($239k).

The fastest growing import markets in Ferroalloys for Armenia between 2022 and 2023 were Russia ($1.16M).

Latest Trends

Dec 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 (2023)$402M
IMPORTS (2023)$9.81M
NET TRADE (2023)$392M

In 2023, Armenia exported $402M in Ferroalloys. The main destinations of Armenia exports on Ferroalloys were Netherlands ($206M), Russia ($73M), Germany ($58.5M), Slovenia ($22.7M), and Poland ($11.4M).

In 2023, Armenia imported $9.81M in Ferroalloys, mainly from Iran ($7.6M), Russia ($1.98M), and Georgia ($239k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Ferroalloys EXPORT MARKETS FOR Armenia WERE (2022 - 2023):
Germany$31.8M (119%)
Russia$21.1M (40.6%)
Slovenia$11.3M (99%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ferroalloys BY Armenia WERE (2022 - 2023):
Austria-$3.76M (-50%)
Czechia-$2.03M (-33.1%)
Turkey-$2.03M (-83.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Armenia's main exporting competitors in Ferroalloys were:
In 2023, 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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