2023
Exports
$493MWorld Rnk 23 / 212
Flag Rnk 5 / 973
2023
PRODUCT COMPLEXITY IN Jewellery
-0.47Rnk 685 / 1025
2023
Imports
$73.2MWorld Rnk 64 / 216
Flag Rnk 19 / 1135
2023
ECONOMIC COMPLEXITY of Armenia
0.094Rnk 57 / 132

About

Exports In 2023, Armenia exported $493M in Jewellery, making it the 23rd largest exporter of Jewellery in the world. At the same year, Jewellery was the 5th most exported product in Armenia. The main destination of Jewellery exports from Armenia are: United Arab Emirates ($407M), Russia ($49.7M), Turkmenistan ($17.7M), United States ($8.23M), and Kazakhstan ($2.74M).

The fastest growing export markets for Jewellery of Armenia between 2022 and 2023 were United Arab Emirates ($361M), Russia ($33.9M), and Turkmenistan ($5.13M).

Imports In 2023, Armenia imported $73.2M in Jewellery, becoming the 64th largest importer of Jewellery in the world. At the same year, Jewellery was the 19th most imported product in Armenia. Armenia imports Jewellery primarily from: China ($21.2M), India ($9.84M), Italy ($9.67M), Turkey ($9.03M), and United Arab Emirates ($6.13M).

The fastest growing import markets in Jewellery for Armenia between 2022 and 2023 were China ($17.7M), India ($8.85M), and Turkey ($8.09M).

Latest Trends

Jan 2025

Subnational Monthly Trade

View
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 Jewellery. 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)$493M
IMPORTS (2023)$73.2M
NET TRADE (2023)$419M

In 2023, Armenia exported $493M in Jewellery. The main destinations of Armenia exports on Jewellery were United Arab Emirates ($407M), Russia ($49.7M), Turkmenistan ($17.7M), United States ($8.23M), and Kazakhstan ($2.74M).

In 2023, Armenia imported $73.2M in Jewellery, mainly from China ($21.2M), India ($9.84M), Italy ($9.67M), Turkey ($9.03M), and United Arab Emirates ($6.13M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Jewellery EXPORT MARKETS FOR Armenia WERE (2022 - 2023):
Russia$33.9M (215%)
Turkmenistan$5.13M (40.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Jewellery BY Armenia WERE (2022 - 2023):
United States-$20.5M (-71.3%)
Germany-$530k (-83.4%)
Turkey-$162k (-97.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Armenia's main exporting competitors in Jewellery were:
India $13.1B
Italy $12.4B
China $11.6B
In 2023, Armenia's main importing competitors in Jewellery were:

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Trade Value of Jewellery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $15.8M
TOP IMPORT POTENTIALChina+ $2.23M

Jewellery’s highest export potential is United States. With an export gap of $15.8M.   Jewellery’s highest import potential is China with an import gap of $2.23M.

See methodology.

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