2023
Exports
$3.43MWorld Rnk 36 / 144
Flag Rnk 159 / 973
2023
PRODUCT COMPLEXITY IN Tool Plates
1.73Rnk 20 / 1025
2023
Imports
$3.03MWorld Rnk 61 / 191
Flag Rnk 397 / 1135
2023
ECONOMIC COMPLEXITY of Armenia
0.094Rnk 57 / 132

About

Exports In 2023, Armenia exported $3.43M in Tool Plates, making it the 36th largest exporter of Tool Plates in the world. At the same year, Tool Plates was the 159th most exported product in Armenia. The main destination of Tool Plates exports from Armenia are: Russia ($3.43M) and Moldova ($541).

The fastest growing export markets for Tool Plates of Armenia between 2022 and 2023 were Moldova ($541).

Imports In 2023, Armenia imported $3.03M in Tool Plates, becoming the 61st largest importer of Tool Plates in the world. At the same year, Tool Plates was the 397th most imported product in Armenia. Armenia imports Tool Plates primarily from: Sweden ($928k), Germany ($508k), India ($475k), Japan ($266k), and United States ($265k).

The fastest growing import markets in Tool Plates for Armenia between 2022 and 2023 were India ($353k), Sweden ($235k), and United States ($127k).

Latest Trends

Jan 2025

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 Tool Plates. 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)$3.43M
IMPORTS (2023)$3.03M
NET TRADE (2023)$405k

In 2023, Armenia exported $3.43M in Tool Plates. The main destinations of Armenia exports on Tool Plates were Russia ($3.43M) and Moldova ($541).

In 2023, Armenia imported $3.03M in Tool Plates, mainly from Sweden ($928k), Germany ($508k), India ($475k), Japan ($266k), and United States ($265k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Tool Plates EXPORT MARKETS FOR Armenia WERE (2022 - 2023):Moldova$541 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tool Plates BY Armenia WERE (2022 - 2023):Russia-$676k (-16.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Armenia's main exporting competitors in Tool Plates were:
Germany $1.01B
Japan $874M
China $695M
In 2023, Armenia's main importing competitors in Tool Plates were:

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Trade Value of Tool Plates by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.45k
TOP IMPORT POTENTIALJapan+ $160k

Tool Plates’s highest export potential is United States. With an export gap of $2.45k.   Tool Plates’s highest import potential is Japan with an import gap of $160k.

See methodology.

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