2023
Exports
$122kWorld Rnk 85 / 192
Flag Rnk 539 / 973
2023
PRODUCT COMPLEXITY IN Bicycles, delivery tricycles, other cycles
0.12Rnk 515 / 1025
2023
Imports
$1.86MWorld Rnk 127 / 219
Flag Rnk 486 / 1135
2023
ECONOMIC COMPLEXITY of Armenia
0.094Rnk 57 / 132

About

Exports In 2023, Armenia exported $122k in Bicycles, delivery tricycles, other cycles, making it the 85th largest exporter of Bicycles, delivery tricycles, other cycles in the world. At the same year, Bicycles, delivery tricycles, other cycles was the 539th most exported product in Armenia. The main destination of Bicycles, delivery tricycles, other cycles exports from Armenia are: United Arab Emirates ($93.8k), Kazakhstan ($17.2k), Iran ($8.18k), Russia ($2.59k), and Georgia ($7).

The fastest growing export markets for Bicycles, delivery tricycles, other cycles of Armenia between 2022 and 2023 were Kazakhstan ($17.2k) and Iran ($8.18k).

Imports In 2023, Armenia imported $1.86M in Bicycles, delivery tricycles, other cycles, becoming the 127th largest importer of Bicycles, delivery tricycles, other cycles in the world. At the same year, Bicycles, delivery tricycles, other cycles was the 486th most imported product in Armenia. Armenia imports Bicycles, delivery tricycles, other cycles primarily from: China ($1.32M), Lithuania ($97.9k), Vietnam ($92.9k), Georgia ($60.2k), and Poland ($49.9k).

The fastest growing import markets in Bicycles, delivery tricycles, other cycles for Armenia between 2022 and 2023 were Lithuania ($96.7k), Vietnam ($92.9k), and Georgia ($57.6k).

Latest Trends

Dec 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 Bicycles, delivery tricycles, other cycles. 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)$122k
IMPORTS (2023)$1.86M
NET TRADE (2023)-$1.74M

In 2023, Armenia exported $122k in Bicycles, delivery tricycles, other cycles. The main destinations of Armenia exports on Bicycles, delivery tricycles, other cycles were United Arab Emirates ($93.8k), Kazakhstan ($17.2k), Iran ($8.18k), Russia ($2.59k), and Georgia ($7).

In 2023, Armenia imported $1.86M in Bicycles, delivery tricycles, other cycles, mainly from China ($1.32M), Lithuania ($97.9k), Vietnam ($92.9k), Georgia ($60.2k), and Poland ($49.9k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Bicycles, delivery tricycles, other cycles EXPORT MARKETS FOR Armenia WERE (2022 - 2023):
Kazakhstan$17.2k (1%)
Iran$8.18k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Bicycles, delivery tricycles, other cycles BY Armenia WERE (2022 - 2023):
United Arab Emirates-$156k (-62.4%)
Georgia-$6.8k (-99.9%)
Russia-$1.97k (-43.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Armenia's main exporting competitors in Bicycles, delivery tricycles, other cycles were:
In 2023, Armenia's main importing competitors in Bicycles, delivery tricycles, other cycles were:

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Trade Value of Bicycles, delivery tricycles, other cycles by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALRussia+ $12k
TOP IMPORT POTENTIALChina+ $391k

Bicycles, delivery tricycles, other cycles’s highest export potential is Russia. With an export gap of $12k.   Bicycles, delivery tricycles, other cycles’s highest import potential is China with an import gap of $391k.

See methodology.

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