2022
Exports
$281kWorld Rnk 102 / 218
Flag Rnk 399 / 945
2022
PRODUCT COMPLEXITY IN Other Hand Tools
1.51Rnk 50 / 1025
2022
Imports
$2.4MWorld Rnk 146 / 224
Flag Rnk 407 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $281k in Other Hand Tools, making it the 102nd largest exporter of Other Hand Tools in the world. At the same year, Other Hand Tools was the 399th most exported product in Armenia. The main destination of Other Hand Tools exports from Armenia are: Russia ($215k), Belarus ($17.1k), Iran ($10.1k), United Kingdom ($9.44k), and Germany ($7.97k).

The fastest growing export markets for Other Hand Tools of Armenia between 2021 and 2022 were Russia ($182k), Iran ($9.38k), and Germany ($5.4k).

Imports In 2022, Armenia imported $2.4M in Other Hand Tools, becoming the 146th largest importer of Other Hand Tools in the world. At the same year, Other Hand Tools was the 407th most imported product in Armenia. Armenia imports Other Hand Tools primarily from: China ($1.12M), Russia ($231k), United Arab Emirates ($183k), Germany ($117k), and Lithuania ($90.1k).

The fastest growing import markets in Other Hand Tools for Armenia between 2021 and 2022 were China ($98.9k), Lithuania ($88.9k), and Latvia ($74k).

Latest Trends

Sep 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 Other Hand Tools. 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)$281k
IMPORTS (2022)$2.4M
NET TRADE (2022)-$2.12M

In 2022, Armenia exported $281k in Other Hand Tools. The main destinations of Armenia exports on Other Hand Tools were Russia ($215k), Belarus ($17.1k), Iran ($10.1k), United Kingdom ($9.44k), and Germany ($7.97k).

In 2022, Armenia imported $2.4M in Other Hand Tools, mainly from China ($1.12M), Russia ($231k), United Arab Emirates ($183k), Germany ($117k), and Lithuania ($90.1k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Hand Tools EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
Russia$182k (550%)
Iran$9.38k (1.26k%)
Germany$5.4k (210%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Hand Tools BY Armenia WERE (2021 - 2022):
France-$48.5k (-100%)
United Kingdom-$36.9k (-79.6%)
Ukraine-$10.5k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Armenia's main exporting competitors in Other Hand Tools were:
In 2022, Armenia's main importing competitors in Other Hand Tools were:

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Trade Value of Other Hand Tools by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALRussia+ $31.6k
TOP IMPORT POTENTIALChina+ $484k

Other Hand Tools’s highest export potential is Russia. With an export gap of $31.6k.   Other Hand Tools’s highest import potential is China with an import gap of $484k.

See methodology.

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