2022
Exports
$580World Rnk 149 / 168
Flag Rnk 883 / 945
2022
PRODUCT COMPLEXITY IN String Instruments
0.51Rnk 362 / 1025
2022
Imports
$1.13MWorld Rnk 68 / 209
Flag Rnk 536 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $580 in String Instruments, making it the 149th largest exporter of String Instruments in the world. At the same year, String Instruments was the 883rd most exported product in Armenia. The main destination of String Instruments exports from Armenia are: Germany ($527) and Russia ($53).

The fastest growing export markets for String Instruments of Armenia between 2021 and 2022 were Germany ($527) and Russia ($53).

Imports In 2022, Armenia imported $1.13M in String Instruments, becoming the 68th largest importer of String Instruments in the world. At the same year, String Instruments was the 536th most imported product in Armenia. Armenia imports String Instruments primarily from: United Arab Emirates ($685k), China ($195k), Indonesia ($57.7k), Germany ($49.3k), and Lithuania ($30.9k).

The fastest growing import markets in String Instruments for Armenia between 2021 and 2022 were United Arab Emirates ($638k), China ($103k), and Lithuania ($22.6k).

Latest Trends

Nov 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 String Instruments. 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)$580
IMPORTS (2022)$1.13M
NET TRADE (2022)-$1.12M

In 2022, Armenia exported $580 in String Instruments. The main destinations of Armenia exports on String Instruments were Germany ($527) and Russia ($53).

In 2022, Armenia imported $1.13M in String Instruments, mainly from United Arab Emirates ($685k), China ($195k), Indonesia ($57.7k), Germany ($49.3k), and Lithuania ($30.9k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING String Instruments EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
Germany$527 (1%)
Russia$53 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF String Instruments BY Armenia WERE (2021 - 2022):
Canada-$96 (-100%)
United States-$60 (-100%)
Georgia-$16 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Armenia's main exporting competitors in String Instruments were:
In 2022, Armenia's main importing competitors in String Instruments were:

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Trade Value of String Instruments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $854
TOP IMPORT POTENTIALChina+ $98.6k

String Instruments’s highest export potential is Germany. With an export gap of $854.   String Instruments’s highest import potential is China with an import gap of $98.6k.

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