2022
Exports
$199kWorld Rnk 67 / 126
Flag Rnk 451 / 945
falsefalse Iran
2022
PRODUCT COMPLEXITY IN Iron Railway Products
0.37Rnk 418 / 1025
2022
Imports
$18.3kWorld Rnk 175 / 203
Flag Rnk 1009 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $199k in Iron Railway Products, making it the 67th largest exporter of Iron Railway Products in the world. At the same year, Iron Railway Products was the 451st most exported product in Armenia. The main destination of Iron Railway Products exports from Armenia are: Iran ($173k) and Russia ($25.9k).

Imports In 2022, Armenia imported $18.3k in Iron Railway Products, becoming the 175th largest importer of Iron Railway Products in the world. At the same year, Iron Railway Products was the 1009th most imported product in Armenia. Armenia imports Iron Railway Products primarily from: Russia ($9.27k), Iran ($4.45k), Germany ($2.35k), and India ($2.19k).

The fastest growing import markets in Iron Railway Products for Armenia between 2021 and 2022 were Iran ($4.45k), Germany ($2.35k), and India ($2.19k).

Latest Trends

Nov 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 Iron Railway Products. 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)$199k
IMPORTS (2022)$18.3k
NET TRADE (2022)$181k

In 2022, Armenia exported $199k in Iron Railway Products. The main destinations of Armenia exports on Iron Railway Products were Iran ($173k) and Russia ($25.9k).

In 2022, Armenia imported $18.3k in Iron Railway Products, mainly from Russia ($9.27k), Iran ($4.45k), Germany ($2.35k), and India ($2.19k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Railway Products BY Armenia WERE (2021 - 2022):
Russia-$99.3k (-79.3%)
Iran-$68.9k (-28.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Armenia's main exporting competitors in Iron Railway Products were:
In 2022, Armenia's main importing competitors in Iron Railway Products were:

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Trade Value of Iron Railway Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALRussia+ $10.3k
TOP IMPORT POTENTIALGermany+ $3.53k

Iron Railway Products’s highest export potential is Russia. With an export gap of $10.3k.   Iron Railway Products’s highest import potential is Germany with an import gap of $3.53k.

See methodology.

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