2022
Exports
$4.1MWorld Rnk 34 / 142
Flag Rnk 113 / 945
2022
PRODUCT COMPLEXITY IN Tool Plates
1.66Rnk 31 / 1025
2022
Imports
$2.75MWorld Rnk 62 / 188
Flag Rnk 380 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $4.1M in Tool Plates, making it the 34th largest exporter of Tool Plates in the world. At the same year, Tool Plates was the 113th most exported product in Armenia. The main destination of Tool Plates exports from Armenia are: Russia ($4.1M).

The fastest growing export markets for Tool Plates of Armenia between 2021 and 2022 were Russia ($4.1M).

Imports In 2022, Armenia imported $2.75M in Tool Plates, becoming the 62nd largest importer of Tool Plates in the world. At the same year, Tool Plates was the 380th most imported product in Armenia. Armenia imports Tool Plates primarily from: Sweden ($693k), Germany ($522k), Israel ($424k), Japan ($349k), and Switzerland ($281k).

The fastest growing import markets in Tool Plates for Armenia between 2021 and 2022 were Sweden ($693k), Germany ($521k), and Israel ($424k).

Latest Trends

Oct 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 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 (2022)$4.1M
IMPORTS (2022)$2.75M
NET TRADE (2022)$1.35M

In 2022, Armenia exported $4.1M in Tool Plates. The main destinations of Armenia exports on Tool Plates were Russia ($4.1M).

In 2022, Armenia imported $2.75M in Tool Plates, mainly from Sweden ($693k), Germany ($522k), Israel ($424k), Japan ($349k), and Switzerland ($281k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tool Plates EXPORT MARKETS FOR Armenia WERE (2021 - 2022):Russia$4.1M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tool Plates BY Armenia WERE (2021 - 2022):Gabon-$1.43k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Armenia's main exporting competitors in Tool Plates were:
Germany $1.21B
Japan $880M
China $698M
In 2022, 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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