2022
Exports
$6.06MWorld Rnk 75 / 221
Flag Rnk 88 / 945
2022
PRODUCT COMPLEXITY IN Liquid Pumps
1.19Rnk 105 / 1025
2022
Imports
$26.7MWorld Rnk 123 / 225
Flag Rnk 70 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $6.06M in Liquid Pumps, making it the 75th largest exporter of Liquid Pumps in the world. At the same year, Liquid Pumps was the 88th most exported product in Armenia. The main destination of Liquid Pumps exports from Armenia are: Russia ($4.48M), Iran ($966k), United States ($177k), Belarus ($172k), and Georgia ($90k).

The fastest growing export markets for Liquid Pumps of Armenia between 2021 and 2022 were Russia ($3.61M), United States ($176k), and Belarus ($172k).

Imports In 2022, Armenia imported $26.7M in Liquid Pumps, becoming the 123rd largest importer of Liquid Pumps in the world. At the same year, Liquid Pumps was the 70th most imported product in Armenia. Armenia imports Liquid Pumps primarily from: China ($5.05M), Germany ($3.48M), Italy ($3.24M), Russia ($2.42M), and Georgia ($1.68M).

The fastest growing import markets in Liquid Pumps for Armenia between 2021 and 2022 were Italy ($2.21M), Germany ($1.61M), and China ($1.53M).

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 Liquid Pumps. 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)$6.06M
IMPORTS (2022)$26.7M
NET TRADE (2022)-$20.6M

In 2022, Armenia exported $6.06M in Liquid Pumps. The main destinations of Armenia exports on Liquid Pumps were Russia ($4.48M), Iran ($966k), United States ($177k), Belarus ($172k), and Georgia ($90k).

In 2022, Armenia imported $26.7M in Liquid Pumps, mainly from China ($5.05M), Germany ($3.48M), Italy ($3.24M), Russia ($2.42M), and Georgia ($1.68M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Liquid Pumps EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
Russia$3.61M (413%)
United States$176k (30.1k%)
Belarus$172k (176k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Liquid Pumps BY Armenia WERE (2021 - 2022):
Iran-$205k (-17.5%)
Uzbekistan-$50.6k (-100%)
Belgium-$27.6k (-63.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Liquid Pumps by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALIran+ $607k
TOP IMPORT POTENTIALChina+ $3.18M

Liquid Pumps’s highest export potential is Iran. With an export gap of $607k.   Liquid Pumps’s highest import potential is China with an import gap of $3.18M.

See methodology.

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