2022
Exports
$3.62MWorld Rnk 50 / 181
Flag Rnk 128 / 945
2022
PRODUCT COMPLEXITY IN Other Mineral
-1.21Rnk 881 / 1025
2022
Imports
$555kWorld Rnk 99 / 203
Flag Rnk 667 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $3.62M in Other Mineral, making it the 50th largest exporter of Other Mineral in the world. At the same year, Other Mineral was the 128th most exported product in Armenia. The main destination of Other Mineral exports from Armenia are: Russia ($3.17M), United Arab Emirates ($372k), Belgium ($35k), United States ($19k), and Hong Kong ($8.17k).

The fastest growing export markets for Other Mineral of Armenia between 2021 and 2022 were United Arab Emirates ($243k), Belgium ($32.9k), and United States ($8.85k).

Imports In 2022, Armenia imported $555k in Other Mineral, becoming the 99th largest importer of Other Mineral in the world. At the same year, Other Mineral was the 667th most imported product in Armenia. Armenia imports Other Mineral primarily from: Germany ($362k), Poland ($136k), Russia ($39.2k), Turkey ($5.16k), and Netherlands ($3.83k).

The fastest growing import markets in Other Mineral for Armenia between 2021 and 2022 were Germany ($362k), Poland ($136k), and Russia ($23.1k).

Latest Trends

Oct 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 Mineral. 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)$3.62M
IMPORTS (2022)$555k
NET TRADE (2022)$3.06M

In 2022, Armenia exported $3.62M in Other Mineral. The main destinations of Armenia exports on Other Mineral were Russia ($3.17M), United Arab Emirates ($372k), Belgium ($35k), United States ($19k), and Hong Kong ($8.17k).

In 2022, Armenia imported $555k in Other Mineral, mainly from Germany ($362k), Poland ($136k), Russia ($39.2k), Turkey ($5.16k), and Netherlands ($3.83k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Mineral EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
Belgium$32.9k (1.52k%)
United States$8.85k (87.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Mineral BY Armenia WERE (2021 - 2022):
Russia-$46.2k (-1.44%)
Japan-$8.83k (-100%)
Lithuania-$2.39k (-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 Mineral were:
In 2022, Armenia's main importing competitors in Other Mineral were:

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Trade Value of Other Mineral by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $53.1k
TOP IMPORT POTENTIALRussia+ $18.7k

Other Mineral’s highest export potential is United States. With an export gap of $53.1k.   Other Mineral’s highest import potential is Russia with an import gap of $18.7k.

See methodology.

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