2022
Exports
$23.2MWorld Rnk 28 / 162
Flag Rnk 27 / 945
2022
PRODUCT COMPLEXITY IN Precious Stones
-1.14Rnk 866 / 1025
2022
Imports
$17.3MWorld Rnk 26 / 185
Flag Rnk 110 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $23.2M in Precious Stones, making it the 28th largest exporter of Precious Stones in the world. At the same year, Precious Stones was the 27th most exported product in Armenia. The main destination of Precious Stones exports from Armenia are: Russia ($20.2M), United States ($727k), Belarus ($629k), China ($575k), and United Arab Emirates ($309k).

The fastest growing export markets for Precious Stones of Armenia between 2021 and 2022 were Russia ($12.4M), Belarus ($629k), and United States ($565k).

Imports In 2022, Armenia imported $17.3M in Precious Stones, becoming the 26th largest importer of Precious Stones in the world. At the same year, Precious Stones was the 110th most imported product in Armenia. Armenia imports Precious Stones primarily from: Thailand ($6.91M), China ($4.5M), India ($4.42M), United Arab Emirates ($309k), and United States ($285k).

The fastest growing import markets in Precious Stones for Armenia between 2021 and 2022 were China ($4.47M), Thailand ($2.44M), and India ($1.14M).

Latest Trends

Sep 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 Stones. 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)$23.2M
IMPORTS (2022)$17.3M
NET TRADE (2022)$5.9M

In 2022, Armenia exported $23.2M in Precious Stones. The main destinations of Armenia exports on Precious Stones were Russia ($20.2M), United States ($727k), Belarus ($629k), China ($575k), and United Arab Emirates ($309k).

In 2022, Armenia imported $17.3M in Precious Stones, mainly from Thailand ($6.91M), China ($4.5M), India ($4.42M), United Arab Emirates ($309k), and United States ($285k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Precious Stones EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
Russia$12.4M (159%)
Belarus$629k (147k%)
United States$565k (349%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Stones BY Armenia WERE (2021 - 2022):Canada-$100 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Precious Stones by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.45M
TOP IMPORT POTENTIALIndia+ $509k

Precious Stones’s highest export potential is China. With an export gap of $1.45M.   Precious Stones’s highest import potential is India with an import gap of $509k.

See methodology.

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