2023
Exports
$127MWorld Rnk 25 / 108
Flag Rnk 13 / 973
2023
PRODUCT COMPLEXITY IN Precious Metal Ore
-1.75Rnk 979 / 1025
2023
Imports
$217World Rnk 97 / 107
Flag Rnk 1124 / 1135
2023
ECONOMIC COMPLEXITY of Armenia
0.094Rnk 57 / 132

About

Exports In 2023, Armenia exported $127M in Precious Metal Ore, making it the 25th largest exporter of Precious Metal Ore in the world. At the same year, Precious Metal Ore was the 13th most exported product in Armenia. The main destination of Precious Metal Ore exports from Armenia are: Switzerland ($56.6M), Georgia ($50.7M), Malaysia ($16.7M), Bulgaria ($2.67M), and Netherlands ($216).

The fastest growing export markets for Precious Metal Ore of Armenia between 2022 and 2023 were Malaysia ($13.6M), Bulgaria ($2.67M), and Netherlands ($157).

Imports In 2023, Armenia imported $217 in Precious Metal Ore, becoming the 97th largest importer of Precious Metal Ore in the world. At the same year, Precious Metal Ore was the 1124th most imported product in Armenia. Armenia imports Precious Metal Ore primarily from: Curaçao ($207) and Russia ($10).

The fastest growing import markets in Precious Metal Ore for Armenia between N/A and 2023 were Curaçao ($207) and Russia ($10).

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 Precious Metal Ore. 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)$127M
IMPORTS (2023)$217
NET TRADE (2023)$127M

In 2023, Armenia exported $127M in Precious Metal Ore. The main destinations of Armenia exports on Precious Metal Ore were Switzerland ($56.6M), Georgia ($50.7M), Malaysia ($16.7M), Bulgaria ($2.67M), and Netherlands ($216).

In 2023, Armenia imported $217 in Precious Metal Ore, mainly from Curaçao ($207) and Russia ($10).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Precious Metal Ore EXPORT MARKETS FOR Armenia WERE (2022 - 2023):
Malaysia$13.6M (436%)
Bulgaria$2.67M (1%)
Netherlands$157 (266%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Metal Ore BY Armenia WERE (2022 - 2023):
Georgia-$35.6M (-41.2%)
Switzerland-$25.7M (-31.3%)
China-$48 (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Armenia's main exporting competitors in Precious Metal Ore were:
In 2023, Armenia's main importing competitors in Precious Metal Ore were:

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Trade Value of Precious Metal Ore by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $9.23k
TOP IMPORT POTENTIALSouth Africa+ $395

Precious Metal Ore’s highest export potential is China. With an export gap of $9.23k.   Precious Metal Ore’s highest import potential is South Africa with an import gap of $395.

See methodology.

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