2022
Exports
$208kWorld Rnk 70 / 200
Flag Rnk 442 / 945
2022
PRODUCT COMPLEXITY IN Wrenches
1.67Rnk 30 / 1025
2022
Imports
$962kWorld Rnk 131 / 219
Flag Rnk 566 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $208k in Wrenches, making it the 70th largest exporter of Wrenches in the world. At the same year, Wrenches was the 442nd most exported product in Armenia. The main destination of Wrenches exports from Armenia are: Russia ($184k), Italy ($12.8k), Germany ($5.66k), Denmark ($2.51k), and Belarus ($1.53k).

The fastest growing export markets for Wrenches of Armenia between 2021 and 2022 were Russia ($167k), Italy ($6.68k), and Germany ($5.23k).

Imports In 2022, Armenia imported $962k in Wrenches, becoming the 131st largest importer of Wrenches in the world. At the same year, Wrenches was the 566th most imported product in Armenia. Armenia imports Wrenches primarily from: China ($701k), Germany ($68.1k), Russia ($37k), United States ($28.2k), and United Arab Emirates ($23.1k).

The fastest growing import markets in Wrenches for Armenia between 2021 and 2022 were China ($216k), Germany ($40.6k), and United Arab Emirates ($14k).

Latest Trends

Sep 2024

Subnational Monthly Trade

View
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 Wrenches. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2022)$208k
IMPORTS (2022)$962k
NET TRADE (2022)-$754k

In 2022, Armenia exported $208k in Wrenches. The main destinations of Armenia exports on Wrenches were Russia ($184k), Italy ($12.8k), Germany ($5.66k), Denmark ($2.51k), and Belarus ($1.53k).

In 2022, Armenia imported $962k in Wrenches, mainly from China ($701k), Germany ($68.1k), Russia ($37k), United States ($28.2k), and United Arab Emirates ($23.1k).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wrenches EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
Russia$167k (991%)
Italy$6.68k (110%)
Germany$5.23k (1.22k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wrenches BY Armenia WERE (2021 - 2022):
Austria-$24.9k (-100%)
Georgia-$5.83k (-96.3%)
Kazakhstan-$1.01k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Armenia's main exporting competitors in Wrenches were:
In 2022, Armenia's main importing competitors in Wrenches were:

Explore Visualizations

Trade Value of Wrenches by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALItaly+ $14.4k
TOP IMPORT POTENTIALChina+ $151k

Wrenches’s highest export potential is Italy. With an export gap of $14.4k.   Wrenches’s highest import potential is China with an import gap of $151k.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with