2022
Exports
$45.1kWorld Rnk 121 / 203
Flag Rnk 632 / 945
2022
PRODUCT COMPLEXITY IN Other Wood Articles
-0.26Rnk 632 / 1025
2022
Imports
$1.17MWorld Rnk 118 / 225
Flag Rnk 526 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $45.1k in Other Wood Articles, making it the 121st largest exporter of Other Wood Articles in the world. At the same year, Other Wood Articles was the 632nd most exported product in Armenia. The main destination of Other Wood Articles exports from Armenia are: Spain ($21.2k), Austria ($11.6k), Russia ($4.94k), Georgia ($1.93k), and Canada ($1.23k).

The fastest growing export markets for Other Wood Articles of Armenia between 2021 and 2022 were Spain ($15.8k), Canada ($1.23k), and Switzerland ($1.1k).

Imports In 2022, Armenia imported $1.17M in Other Wood Articles, becoming the 118th largest importer of Other Wood Articles in the world. At the same year, Other Wood Articles was the 526th most imported product in Armenia. Armenia imports Other Wood Articles primarily from: Russia ($312k), China ($229k), Germany ($177k), Lithuania ($166k), and Ukraine ($53.3k).

The fastest growing import markets in Other Wood Articles for Armenia between 2021 and 2022 were Russia ($182k), Germany ($161k), and Lithuania ($32.2k).

Latest Trends

Jul 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 Wood Articles. 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)$45.1k
IMPORTS (2022)$1.17M
NET TRADE (2022)-$1.13M

In 2022, Armenia exported $45.1k in Other Wood Articles. The main destinations of Armenia exports on Other Wood Articles were Spain ($21.2k), Austria ($11.6k), Russia ($4.94k), Georgia ($1.93k), and Canada ($1.23k).

In 2022, Armenia imported $1.17M in Other Wood Articles, mainly from Russia ($312k), China ($229k), Germany ($177k), Lithuania ($166k), and Ukraine ($53.3k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Wood Articles EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
Spain$15.8k (293%)
Canada$1.23k (1%)
Switzerland$1.1k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Wood Articles BY Armenia WERE (2021 - 2022):
Austria-$36.1k (-75.7%)
Russia-$11.7k (-70.3%)
Georgia-$2.84k (-59.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Armenia's main exporting competitors in Other Wood Articles were:
China $4.03B
In 2022, Armenia's main importing competitors in Other Wood Articles were:

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Trade Value of Other Wood Articles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSpain+ $15.7k
TOP IMPORT POTENTIALChina+ $297k

Other Wood Articles’s highest export potential is Spain. With an export gap of $15.7k.   Other Wood Articles’s highest import potential is China with an import gap of $297k.

See methodology.

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