2022
Exports
$4.05MWorld Rnk 80 / 213
Flag Rnk 114 / 945
2022
PRODUCT COMPLEXITY IN Refrigerators
0.56Rnk 339 / 1025
2022
Imports
$41.3MWorld Rnk 106 / 224
Flag Rnk 28 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $4.05M in Refrigerators, making it the 80th largest exporter of Refrigerators in the world. At the same year, Refrigerators was the 114th most exported product in Armenia. The main destination of Refrigerators exports from Armenia are: Russia ($3.01M), Kazakhstan ($701k), China ($176k), Georgia ($73.7k), and Belarus ($63.7k).

The fastest growing export markets for Refrigerators of Armenia between 2021 and 2022 were Russia ($2.8M), Kazakhstan ($701k), and China ($176k).

Imports In 2022, Armenia imported $41.3M in Refrigerators, becoming the 106th largest importer of Refrigerators in the world. At the same year, Refrigerators was the 28th most imported product in Armenia. Armenia imports Refrigerators primarily from: China ($11.6M), Russia ($5.5M), Italy ($4.03M), Turkey ($3.25M), and Georgia ($3.09M).

The fastest growing import markets in Refrigerators for Armenia between 2021 and 2022 were Turkey ($3.06M), Italy ($2.11M), and Georgia ($1.76M).

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 Refrigerators. 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)$4.05M
IMPORTS (2022)$41.3M
NET TRADE (2022)-$37.2M

In 2022, Armenia exported $4.05M in Refrigerators. The main destinations of Armenia exports on Refrigerators were Russia ($3.01M), Kazakhstan ($701k), China ($176k), Georgia ($73.7k), and Belarus ($63.7k).

In 2022, Armenia imported $41.3M in Refrigerators, mainly from China ($11.6M), Russia ($5.5M), Italy ($4.03M), Turkey ($3.25M), and Georgia ($3.09M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Refrigerators EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
Russia$2.8M (1.31k%)
Kazakhstan$701k (1%)
China$176k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refrigerators BY Armenia WERE (2021 - 2022):
Iran-$8.08k (-100%)
France-$370 (-100%)
Germany-$25 (-19.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Armenia's main exporting competitors in Refrigerators were:
China $16.7B
Mexico $7.06B
Italy $4.21B
In 2022, Armenia's main importing competitors in Refrigerators were:

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Trade Value of Refrigerators by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $353k
TOP IMPORT POTENTIALChina+ $5.05M

Refrigerators’s highest export potential is China. With an export gap of $353k.   Refrigerators’s highest import potential is China with an import gap of $5.05M.

See methodology.

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