2022
Exports
$8.63kWorld Rnk 130 / 156
Flag Rnk 765 / 945
2022
PRODUCT COMPLEXITY IN Iron Wire
-0.35Rnk 661 / 1025
2022
Imports
$8.08MWorld Rnk 116 / 216
Flag Rnk 194 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

The fastest growing export markets for Iron Wire of Armenia between N/A and 2022 were Russia ($8.63k).

Imports In 2022, Armenia imported $8.08M in Iron Wire, becoming the 116th largest importer of Iron Wire in the world. At the same year, Iron Wire was the 194th most imported product in Armenia. Armenia imports Iron Wire primarily from: Iran ($3.69M), Russia ($2.66M), Turkey ($896k), Italy ($394k), and China ($210k).

The fastest growing import markets in Iron Wire for Armenia between 2021 and 2022 were Iran ($833k), Turkey ($428k), and Italy ($361k).

Latest Trends

Jul 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 Wire. 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)$8.63k
IMPORTS (2022)$8.08M
NET TRADE (2022)-$8.07M

In 2022, Armenia imported $8.08M in Iron Wire, mainly from Iran ($3.69M), Russia ($2.66M), Turkey ($896k), Italy ($394k), and China ($210k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Wire EXPORT MARKETS FOR Armenia WERE (N/A - 2022):Russia$8.63k (1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Iron Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALRussia+ $3.34k
TOP IMPORT POTENTIALChina+ $388k

Iron Wire’s highest export potential is Russia. With an export gap of $3.34k.   Iron Wire’s highest import potential is China with an import gap of $388k.

See methodology.

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