2022
Exports
$4.98MWorld Rnk 67 / 214
Flag Rnk 101 / 945
2022
PRODUCT COMPLEXITY IN Thermostats
1.04Rnk 157 / 1025
2022
Imports
$5.89MWorld Rnk 109 / 223
Flag Rnk 244 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $4.98M in Thermostats, making it the 67th largest exporter of Thermostats in the world. At the same year, Thermostats was the 101st most exported product in Armenia. The main destination of Thermostats exports from Armenia are: Russia ($2.58M), Germany ($1.03M), Italy ($358k), France ($152k), and Spain ($107k).

The fastest growing export markets for Thermostats of Armenia between 2021 and 2022 were Russia ($1.68M), Belarus ($77.6k), and Georgia ($43.8k).

Imports In 2022, Armenia imported $5.89M in Thermostats, becoming the 109th largest importer of Thermostats in the world. At the same year, Thermostats was the 244th most imported product in Armenia. Armenia imports Thermostats primarily from: Poland ($1.38M), China ($947k), Russia ($575k), Germany ($466k), and Georgia ($366k).

The fastest growing import markets in Thermostats for Armenia between 2021 and 2022 were Poland ($1.32M), Germany ($377k), and China ($363k).

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 Thermostats. 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)$4.98M
IMPORTS (2022)$5.89M
NET TRADE (2022)-$903k

In 2022, Armenia exported $4.98M in Thermostats. The main destinations of Armenia exports on Thermostats were Russia ($2.58M), Germany ($1.03M), Italy ($358k), France ($152k), and Spain ($107k).

In 2022, Armenia imported $5.89M in Thermostats, mainly from Poland ($1.38M), China ($947k), Russia ($575k), Germany ($466k), and Georgia ($366k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Thermostats EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
Russia$1.68M (187%)
Belarus$77.6k (628%)
Georgia$43.8k (229%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Thermostats BY Armenia WERE (2021 - 2022):
Czechia-$149k (-73%)
Italy-$65.4k (-15.4%)
China-$40.8k (-38.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Armenia's main exporting competitors in Thermostats were:
Japan $5.66B
China $5.61B
Germany $4.45B
In 2022, Armenia's main importing competitors in Thermostats were:

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Trade Value of Thermostats by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $864k
TOP IMPORT POTENTIALChina+ $830k

Thermostats’s highest export potential is Germany. With an export gap of $864k.   Thermostats’s highest import potential is China with an import gap of $830k.

See methodology.

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