2022
Exports
$512MWorld Rnk 69 / 176
Flag Rnk 2 / 945
2022
PRODUCT COMPLEXITY IN Gold
-2.43Rnk 1016 / 1025
2022
Imports
$234MWorld Rnk 45 / 178
Flag Rnk 7 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $512M in Gold, making it the 69th largest exporter of Gold in the world. At the same year, Gold was the 2nd most exported product in Armenia. The main destination of Gold exports from Armenia are: United Arab Emirates ($256M), India ($195M), Turkey ($57.8M), Italy ($1.46M), and Russia ($1.22M).

The fastest growing export markets for Gold of Armenia between 2021 and 2022 were United Arab Emirates ($251M), Turkey ($57.8M), and Russia ($1.11M).

Imports In 2022, Armenia imported $234M in Gold, becoming the 45th largest importer of Gold in the world. At the same year, Gold was the 7th most imported product in Armenia. Armenia imports Gold primarily from: Russia ($209M), United Arab Emirates ($18.4M), United States ($7.02M), Thailand ($140k), and Switzerland ($130k).

The fastest growing import markets in Gold for Armenia between 2021 and 2022 were Russia ($151M), United States ($5.69M), and United Arab Emirates ($665k).

Latest Trends

Apr 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 Gold. 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)$512M
IMPORTS (2022)$234M
NET TRADE (2022)$278M

In 2022, Armenia exported $512M in Gold. The main destinations of Armenia exports on Gold were United Arab Emirates ($256M), India ($195M), Turkey ($57.8M), Italy ($1.46M), and Russia ($1.22M).

In 2022, Armenia imported $234M in Gold, mainly from Russia ($209M), United Arab Emirates ($18.4M), United States ($7.02M), Thailand ($140k), and Switzerland ($130k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Gold EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
United Arab Emirates$251M (4.78k%)
Turkey$57.8M (1%)
Russia$1.11M (942%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gold BY Armenia WERE (2021 - 2022):
India-$52.6M (-21.2%)
Italy-$810k (-35.8%)
Hong Kong-$120k (-86.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Gold by Exporters

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