2023
Exports
$668kWorld Rnk 51 / 137
Flag Rnk 311 / 973
2023
PRODUCT COMPLEXITY IN Other Non-Metal Removal Machinery
0.92Rnk 199 / 1025
2023
Imports
$2.39MWorld Rnk 83 / 202
Flag Rnk 434 / 1135
2023
ECONOMIC COMPLEXITY of Armenia
0.094Rnk 57 / 132

About

Exports In 2023, Armenia exported $668k in Other Non-Metal Removal Machinery, making it the 51st largest exporter of Other Non-Metal Removal Machinery in the world. At the same year, Other Non-Metal Removal Machinery was the 311th most exported product in Armenia. The main destination of Other Non-Metal Removal Machinery exports from Armenia are: Russia ($659k) and Iran ($8.68k).

The fastest growing export markets for Other Non-Metal Removal Machinery of Armenia between 2022 and 2023 were Iran ($6.68k).

Imports In 2023, Armenia imported $2.39M in Other Non-Metal Removal Machinery, becoming the 83rd largest importer of Other Non-Metal Removal Machinery in the world. At the same year, Other Non-Metal Removal Machinery was the 434th most imported product in Armenia. Armenia imports Other Non-Metal Removal Machinery primarily from: China ($661k), Denmark ($355k), Germany ($334k), Italy ($312k), and Romania ($266k).

The fastest growing import markets in Other Non-Metal Removal Machinery for Armenia between 2022 and 2023 were Denmark ($355k), Germany ($334k), and China ($303k).

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 Other Non-Metal Removal Machinery. 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)$668k
IMPORTS (2023)$2.39M
NET TRADE (2023)-$1.72M

In 2023, Armenia exported $668k in Other Non-Metal Removal Machinery. The main destinations of Armenia exports on Other Non-Metal Removal Machinery were Russia ($659k) and Iran ($8.68k).

In 2023, Armenia imported $2.39M in Other Non-Metal Removal Machinery, mainly from China ($661k), Denmark ($355k), Germany ($334k), Italy ($312k), and Romania ($266k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Other Non-Metal Removal Machinery EXPORT MARKETS FOR Armenia WERE (2022 - 2023):Iran$6.68k (334%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Non-Metal Removal Machinery BY Armenia WERE (2022 - 2023):Russia-$206k (-23.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Armenia's main exporting competitors in Other Non-Metal Removal Machinery were:
In 2023, Armenia's main importing competitors in Other Non-Metal Removal Machinery were:

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Trade Value of Other Non-Metal Removal Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALRussia+ $5.98k
TOP IMPORT POTENTIALItaly+ $47.9k

Other Non-Metal Removal Machinery’s highest export potential is Russia. With an export gap of $5.98k.   Other Non-Metal Removal Machinery’s highest import potential is Italy with an import gap of $47.9k.

See methodology.

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