2022
Exports
$393kWorld Rnk 70 / 148
Flag Rnk 359 / 945
2022
PRODUCT COMPLEXITY IN Rock Wool
0.63Rnk 307 / 1025
2022
Imports
$3.48MWorld Rnk 90 / 215
Flag Rnk 339 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $393k in Rock Wool, making it the 70th largest exporter of Rock Wool in the world. At the same year, Rock Wool was the 359th most exported product in Armenia. The main destination of Rock Wool exports from Armenia are: Russia ($387k), Italy ($6.32k), and Jordan ($100).

The fastest growing export markets for Rock Wool of Armenia between 2021 and 2022 were Russia ($383k), Italy ($2.31k), and Jordan ($100).

Imports In 2022, Armenia imported $3.48M in Rock Wool, becoming the 90th largest importer of Rock Wool in the world. At the same year, Rock Wool was the 339th most imported product in Armenia. Armenia imports Rock Wool primarily from: Russia ($2.31M), Netherlands ($628k), Turkey ($282k), Poland ($110k), and Iran ($58.1k).

The fastest growing import markets in Rock Wool for Armenia between 2021 and 2022 were Netherlands ($623k), Russia ($592k), and Turkey ($39.9k).

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 Rock Wool. 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)$393k
IMPORTS (2022)$3.48M
NET TRADE (2022)-$3.09M

In 2022, Armenia exported $393k in Rock Wool. The main destinations of Armenia exports on Rock Wool were Russia ($387k), Italy ($6.32k), and Jordan ($100).

In 2022, Armenia imported $3.48M in Rock Wool, mainly from Russia ($2.31M), Netherlands ($628k), Turkey ($282k), Poland ($110k), and Iran ($58.1k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rock Wool EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
Russia$383k (11.3k%)
Italy$2.31k (57.6%)
Jordan$100 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rock Wool BY Armenia WERE (2021 - 2022):Georgia-$4.16k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Armenia's main exporting competitors in Rock Wool were:
In 2022, Armenia's main importing competitors in Rock Wool were:

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Trade Value of Rock Wool by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALItaly+ $19.5k
TOP IMPORT POTENTIALTurkey+ $120k

Rock Wool’s highest export potential is Italy. With an export gap of $19.5k.   Rock Wool’s highest import potential is Turkey with an import gap of $120k.

See methodology.

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