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2023
Exports $251MWorld Rnk 7 / 70
Flag Rnk 10 / 973
2023
Destination $31.1M China
2022 - 2023
FASTEST GROWING MARKET $31.1MBelgium
2023
PRODUCT COMPLEXITY IN Molybdenum Ore-0.81Rnk 785 / 1025
2023
Imports $19.5MWorld Rnk 24 / 71
Flag Rnk 126 / 1135
2023
Origin $17.6M Iran
2022 - 2023
FASTEST GROWING ORIGIN $17.6MIran
2023
ECONOMIC COMPLEXITY of Armenia0.094Rnk 57 / 132

About

Exports In 2023, Armenia exported $251M in Molybdenum Ore, making it the 7th largest exporter of Molybdenum Ore in the world. At the same year, Molybdenum Ore was the 10th most exported product in Armenia. The main destination of Molybdenum Ore exports from Armenia are: China ($59.3M), Russia ($58M), Belgium ($50.8M), South Korea ($41.4M), and Chile ($14M).

The fastest growing export markets for Molybdenum Ore of Armenia between 2022 and 2023 were Belgium ($31.1M), South Korea ($29.6M), and Russia ($27.4M).

Imports In 2023, Armenia imported $19.5M in Molybdenum Ore, becoming the 24th largest importer of Molybdenum Ore in the world. At the same year, Molybdenum Ore was the 126th most imported product in Armenia. Armenia imports Molybdenum Ore primarily from: Iran ($18.9M) and Russia ($593k).

The fastest growing import markets in Molybdenum Ore for Armenia between 2022 and 2023 were Iran ($17.6M) and Russia ($593k).

Latest Trends

Dec 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 Molybdenum Ore. 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)$251M
IMPORTS (2023)$19.5M
NET TRADE (2023)$231M

In 2023, Armenia exported $251M in Molybdenum Ore. The main destinations of Armenia exports on Molybdenum Ore were China ($59.3M), Russia ($58M), Belgium ($50.8M), South Korea ($41.4M), and Chile ($14M).

In 2023, Armenia imported $19.5M in Molybdenum Ore, mainly from Iran ($18.9M) and Russia ($593k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Molybdenum Ore EXPORT MARKETS FOR Armenia WERE (2022 - 2023):
Belgium$31.1M (157%)
South Korea$29.6M (250%)
Russia$27.4M (89.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Molybdenum Ore BY Armenia WERE (2022 - 2023):
China-$21.6M (-26.7%)
Turkey-$4.31M (-100%)
Georgia-$3.97M (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Armenia's main exporting competitors in Molybdenum Ore were:
Chile $2.38B
Peru $1.47B
United States $1.19B
In 2023, Armenia's main importing competitors in Molybdenum Ore were:
South Korea $981M
China $962M
Japan $960M

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Trade Value of Molybdenum Ore by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALSouth Korea+ $715k
TOP IMPORT POTENTIALUnited States+ $1.42k

Molybdenum Ore’s highest export potential is South Korea. With an export gap of $715k.   Molybdenum Ore’s highest import potential is United States with an import gap of $1.42k.

See methodology.

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