2022
Exports
$493kWorld Rnk 80 / 178
Flag Rnk 335 / 945
2022
PRODUCT COMPLEXITY IN Precious Metal Watches
0.4Rnk 410 / 1025
2022
Imports
$6.92MWorld Rnk 77 / 208
Flag Rnk 219 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $493k in Precious Metal Watches, making it the 80th largest exporter of Precious Metal Watches in the world. At the same year, Precious Metal Watches was the 335th most exported product in Armenia. The main destination of Precious Metal Watches exports from Armenia are: Tajikistan ($181k), Switzerland ($104k), Turkmenistan ($95.5k), Kazakhstan ($58.5k), and Israel ($25.8k).

The fastest growing export markets for Precious Metal Watches of Armenia between 2021 and 2022 were Switzerland ($55.4k), Turkmenistan ($53.2k), and Tajikistan ($50.5k).

Imports In 2022, Armenia imported $6.92M in Precious Metal Watches, becoming the 77th largest importer of Precious Metal Watches in the world. At the same year, Precious Metal Watches was the 219th most imported product in Armenia. Armenia imports Precious Metal Watches primarily from: United Arab Emirates ($2.93M), Switzerland ($2.83M), France ($659k), Italy ($215k), and Austria ($120k).

The fastest growing import markets in Precious Metal Watches for Armenia between 2021 and 2022 were United Arab Emirates ($2.86M), France ($659k), and Italy ($157k).

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 Precious Metal Watches. 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)$493k
IMPORTS (2022)$6.92M
NET TRADE (2022)-$6.43M

In 2022, Armenia exported $493k in Precious Metal Watches. The main destinations of Armenia exports on Precious Metal Watches were Tajikistan ($181k), Switzerland ($104k), Turkmenistan ($95.5k), Kazakhstan ($58.5k), and Israel ($25.8k).

In 2022, Armenia imported $6.92M in Precious Metal Watches, mainly from United Arab Emirates ($2.93M), Switzerland ($2.83M), France ($659k), Italy ($215k), and Austria ($120k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Precious Metal Watches EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
Switzerland$55.4k (114%)
Turkmenistan$53.2k (126%)
Tajikistan$50.5k (38.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Metal Watches BY Armenia WERE (2021 - 2022):
Hong Kong-$198k (-100%)
Turkey-$141k (-100%)
United Kingdom-$108k (-89.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Armenia's main exporting competitors in Precious Metal Watches were:
In 2022, Armenia's main importing competitors in Precious Metal Watches were:

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Trade Value of Precious Metal Watches by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALSwitzerland+ $78.7k
TOP IMPORT POTENTIALSwitzerland+ $431k

Precious Metal Watches’s highest export potential is Switzerland. With an export gap of $78.7k.   Precious Metal Watches’s highest import potential is Switzerland with an import gap of $431k.

See methodology.

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