2022
Exports
$1.29MWorld Rnk 61 / 213
Flag Rnk 222 / 945
2022
PRODUCT COMPLEXITY IN Gaskets
1.44Rnk 64 / 1025
2022
Imports
$2.2MWorld Rnk 117 / 220
Flag Rnk 424 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $1.29M in Gaskets, making it the 61st largest exporter of Gaskets in the world. At the same year, Gaskets was the 222nd most exported product in Armenia. The main destination of Gaskets exports from Armenia are: Russia ($856k), Kyrgyzstan ($225k), Belarus ($151k), Kazakhstan ($18.4k), and Italy ($13.8k).

The fastest growing export markets for Gaskets of Armenia between 2021 and 2022 were Russia ($493k), Kyrgyzstan ($225k), and Belarus ($151k).

Imports In 2022, Armenia imported $2.2M in Gaskets, becoming the 117th largest importer of Gaskets in the world. At the same year, Gaskets was the 424th most imported product in Armenia. Armenia imports Gaskets primarily from: Germany ($492k), Japan ($398k), Czechia ($178k), Lithuania ($166k), and China ($164k).

The fastest growing import markets in Gaskets for Armenia between 2021 and 2022 were Germany ($262k), Czechia ($177k), and Lithuania ($166k).

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 Gaskets. 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)$1.29M
IMPORTS (2022)$2.2M
NET TRADE (2022)-$909k

In 2022, Armenia exported $1.29M in Gaskets. The main destinations of Armenia exports on Gaskets were Russia ($856k), Kyrgyzstan ($225k), Belarus ($151k), Kazakhstan ($18.4k), and Italy ($13.8k).

In 2022, Armenia imported $2.2M in Gaskets, mainly from Germany ($492k), Japan ($398k), Czechia ($178k), Lithuania ($166k), and China ($164k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Gaskets EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
Russia$493k (136%)
Kyrgyzstan$225k (1%)
Belarus$151k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gaskets BY Armenia WERE (2021 - 2022):
Uzbekistan-$6.76k (-100%)
Georgia-$2.46k (-23.8%)
Slovakia-$1.24k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Gaskets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALItaly+ $34.3k
TOP IMPORT POTENTIALGermany+ $214k

Gaskets’s highest export potential is Italy. With an export gap of $34.3k.   Gaskets’s highest import potential is Germany with an import gap of $214k.

See methodology.

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