2023
Exports
$598kWorld Rnk 49 / 161
Flag Rnk 331 / 973
2023
PRODUCT COMPLEXITY IN Soldering and Welding Machinery
1.42Rnk 59 / 1025
2023
Imports
$406kWorld Rnk 125 / 218
Flag Rnk 736 / 1135
2023
ECONOMIC COMPLEXITY of Armenia
0.094Rnk 57 / 132

About

Exports In 2023, Armenia exported $598k in Soldering and Welding Machinery, making it the 49th largest exporter of Soldering and Welding Machinery in the world. At the same year, Soldering and Welding Machinery was the 331st most exported product in Armenia. The main destination of Soldering and Welding Machinery exports from Armenia are: Russia ($598k), Canada ($80), and France ($70).

The fastest growing export markets for Soldering and Welding Machinery of Armenia between 2022 and 2023 were Russia ($274k), Canada ($80), and France ($70).

Imports In 2023, Armenia imported $406k in Soldering and Welding Machinery, becoming the 125th largest importer of Soldering and Welding Machinery in the world. At the same year, Soldering and Welding Machinery was the 736th most imported product in Armenia. Armenia imports Soldering and Welding Machinery primarily from: Germany ($136k), China ($102k), Turkey ($37.3k), Georgia ($30.7k), and Chinese Taipei ($23.6k).

The fastest growing import markets in Soldering and Welding Machinery for Armenia between 2022 and 2023 were Germany ($134k), China ($46.1k), and Turkey ($36.2k).

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 Soldering and Welding Machinery. 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)$598k
IMPORTS (2023)$406k
NET TRADE (2023)$192k

In 2023, Armenia exported $598k in Soldering and Welding Machinery. The main destinations of Armenia exports on Soldering and Welding Machinery were Russia ($598k), Canada ($80), and France ($70).

In 2023, Armenia imported $406k in Soldering and Welding Machinery, mainly from Germany ($136k), China ($102k), Turkey ($37.3k), Georgia ($30.7k), and Chinese Taipei ($23.6k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Soldering and Welding Machinery EXPORT MARKETS FOR Armenia WERE (2022 - 2023):
Russia$274k (84.6%)
Canada$80 (1%)
France$70 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soldering and Welding Machinery BY Armenia WERE (2022 - 2023):
Belarus-$637 (-100%)
Poland-$163 (-100%)
Italy-$155 (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Armenia's main exporting competitors in Soldering and Welding Machinery were:
In 2023, Armenia's main importing competitors in Soldering and Welding Machinery were:

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Trade Value of Soldering and Welding Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALItaly+ $1.59k
TOP IMPORT POTENTIALChina+ $32.7k

Soldering and Welding Machinery’s highest export potential is Italy. With an export gap of $1.59k.   Soldering and Welding Machinery’s highest import potential is China with an import gap of $32.7k.

See methodology.

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