2023
Exports
$10.8MWorld Rnk 78 / 156
Flag Rnk 79 / 973
2023
PRODUCT COMPLEXITY IN Raw Aluminium
-1.28Rnk 895 / 1025
2023
Imports
$64.8MWorld Rnk 53 / 186
Flag Rnk 24 / 1135
2023
ECONOMIC COMPLEXITY of Armenia
0.094Rnk 57 / 132

About

Exports In 2023, Armenia exported $10.8M in Raw Aluminium, making it the 78th largest exporter of Raw Aluminium in the world. At the same year, Raw Aluminium was the 79th most exported product in Armenia. The main destination of Raw Aluminium exports from Armenia are: Cyprus ($6.03M), Japan ($1.61M), Iran ($1.1M), Lithuania ($741k), and Georgia ($622k).

The fastest growing export markets for Raw Aluminium of Armenia between 2022 and 2023 were Cyprus ($921k), Russia ($6.59k), and Lithuania ($5.3k).

Imports In 2023, Armenia imported $64.8M in Raw Aluminium, becoming the 53rd largest importer of Raw Aluminium in the world. At the same year, Raw Aluminium was the 24th most imported product in Armenia. Armenia imports Raw Aluminium primarily from: Russia ($63.8M), Kazakhstan ($813k), United Arab Emirates ($178k), and Turkey ($49).

The fastest growing import markets in Raw Aluminium for Armenia between 2022 and 2023 were Kazakhstan ($813k), United Arab Emirates ($178k), and Turkey ($28).

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 Raw Aluminium. 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)$10.8M
IMPORTS (2023)$64.8M
NET TRADE (2023)-$54M

In 2023, Armenia exported $10.8M in Raw Aluminium. The main destinations of Armenia exports on Raw Aluminium were Cyprus ($6.03M), Japan ($1.61M), Iran ($1.1M), Lithuania ($741k), and Georgia ($622k).

In 2023, Armenia imported $64.8M in Raw Aluminium, mainly from Russia ($63.8M), Kazakhstan ($813k), United Arab Emirates ($178k), and Turkey ($49).

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Export Destinations (NaN)

Import Origins (NaN)

Market Growth

Flow
THE FASTEST GROWING Raw Aluminium EXPORT MARKETS FOR Armenia WERE (2022 - 2023):
Cyprus$921k (18%)
Russia$6.59k (1%)
Lithuania$5.3k (0.72%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Raw Aluminium BY Armenia WERE (2022 - 2023):
Hong Kong-$1.62M (-93.2%)
Slovakia-$1.28M (-100%)
Thailand-$992k (-70.9%)

Change in Exports by Market (undefined - undefined)

Market Concentration

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Flow
Type
In 2023, Armenia's main exporting competitors in Raw Aluminium were:
In 2023, Armenia's main importing competitors in Raw Aluminium were:

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Trade Value of Raw Aluminium by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALJapan+ $1.62M
TOP IMPORT POTENTIALIndia+ $71.3k

Raw Aluminium’s highest export potential is Japan. With an export gap of $1.62M.   Raw Aluminium’s highest import potential is India with an import gap of $71.3k.

See methodology.

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