2022
Exports
$867kWorld Rnk 50 / 134
Flag Rnk 272 / 945
2022
PRODUCT COMPLEXITY IN Other Non-Metal Removal Machinery
0.93Rnk 200 / 1025
2022
Imports
$1.25MWorld Rnk 101 / 200
Flag Rnk 518 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $867k in Other Non-Metal Removal Machinery, making it the 50th largest exporter of Other Non-Metal Removal Machinery in the world. At the same year, Other Non-Metal Removal Machinery was the 272nd most exported product in Armenia. The main destination of Other Non-Metal Removal Machinery exports from Armenia are: Russia ($865k) and Iran ($2k).

The fastest growing export markets for Other Non-Metal Removal Machinery of Armenia between 2021 and 2022 were Russia ($865k).

Imports In 2022, Armenia imported $1.25M in Other Non-Metal Removal Machinery, becoming the 101st largest importer of Other Non-Metal Removal Machinery in the world. At the same year, Other Non-Metal Removal Machinery was the 518th most imported product in Armenia. Armenia imports Other Non-Metal Removal Machinery primarily from: Belgium ($502k), China ($477k), Italy ($124k), Netherlands ($50.7k), and United States ($48.3k).

The fastest growing import markets in Other Non-Metal Removal Machinery for Armenia between 2021 and 2022 were Belgium ($502k), China ($336k), and Netherlands ($50.7k).

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 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 (2022)$867k
IMPORTS (2022)$1.25M
NET TRADE (2022)-$386k

In 2022, Armenia exported $867k in Other Non-Metal Removal Machinery. The main destinations of Armenia exports on Other Non-Metal Removal Machinery were Russia ($865k) and Iran ($2k).

In 2022, Armenia imported $1.25M in Other Non-Metal Removal Machinery, mainly from Belgium ($502k), China ($477k), Italy ($124k), Netherlands ($50.7k), and United States ($48.3k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Non-Metal Removal Machinery EXPORT MARKETS FOR Armenia WERE (2021 - 2022):Russia$865k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Non-Metal Removal Machinery BY Armenia WERE (2021 - 2022):
United States-$18.4k (-100%)
Iran-$8.78k (-81.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Armenia's main exporting competitors in Other Non-Metal Removal Machinery were:
In 2022, 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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