2022
Exports
$1.81MWorld Rnk 67 / 219
Flag Rnk 193 / 945
2022
PRODUCT COMPLEXITY IN Ball Bearings
1.2Rnk 104 / 1025
2022
Imports
$4.89MWorld Rnk 117 / 220
Flag Rnk 283 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $1.81M in Ball Bearings, making it the 67th largest exporter of Ball Bearings in the world. At the same year, Ball Bearings was the 193rd most exported product in Armenia. The main destination of Ball Bearings exports from Armenia are: Russia ($1.61M), Iraq ($73.9k), Iran ($54.2k), Georgia ($17.9k), and Canada ($15.7k).

The fastest growing export markets for Ball Bearings of Armenia between 2021 and 2022 were Russia ($1.44M), Germany ($14.4k), and Canada ($10.1k).

Imports In 2022, Armenia imported $4.89M in Ball Bearings, becoming the 117th largest importer of Ball Bearings in the world. At the same year, Ball Bearings was the 283rd most imported product in Armenia. Armenia imports Ball Bearings primarily from: Poland ($891k), Russia ($612k), United Arab Emirates ($587k), China ($478k), and Germany ($336k).

The fastest growing import markets in Ball Bearings for Armenia between 2021 and 2022 were Poland ($851k), United Arab Emirates ($344k), and Lithuania ($316k).

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 Ball Bearings. 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)$1.81M
IMPORTS (2022)$4.89M
NET TRADE (2022)-$3.08M

In 2022, Armenia exported $1.81M in Ball Bearings. The main destinations of Armenia exports on Ball Bearings were Russia ($1.61M), Iraq ($73.9k), Iran ($54.2k), Georgia ($17.9k), and Canada ($15.7k).

In 2022, Armenia imported $4.89M in Ball Bearings, mainly from Poland ($891k), Russia ($612k), United Arab Emirates ($587k), China ($478k), and Germany ($336k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Ball Bearings EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
Russia$1.44M (819%)
Germany$14.4k (1%)
Canada$10.1k (181%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ball Bearings BY Armenia WERE (2021 - 2022):
Georgia-$25.8k (-59%)
Iraq-$15.2k (-17%)
Saudi Arabia-$6.64k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Armenia's main exporting competitors in Ball Bearings were:
China $7.18B
Germany $5.05B
Japan $4.49B
In 2022, Armenia's main importing competitors in Ball Bearings were:

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Trade Value of Ball Bearings by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIran+ $104k
TOP IMPORT POTENTIALChina+ $500k

Ball Bearings’s highest export potential is Iran. With an export gap of $104k.   Ball Bearings’s highest import potential is China with an import gap of $500k.

See methodology.

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