2023
Exports
$636kWorld Rnk 64 / 185
Flag Rnk 324 / 973
2023
PRODUCT COMPLEXITY IN Cutting Blades
1.39Rnk 64 / 1025
2023
Imports
$3.03MWorld Rnk 83 / 221
Flag Rnk 396 / 1135
2023
ECONOMIC COMPLEXITY of Armenia
0.094Rnk 57 / 132

About

Exports In 2023, Armenia exported $636k in Cutting Blades, making it the 64th largest exporter of Cutting Blades in the world. At the same year, Cutting Blades was the 324th most exported product in Armenia. The main destination of Cutting Blades exports from Armenia are: Russia ($538k), United States ($45.6k), Belarus ($30.5k), Kazakhstan ($14.6k), and Iran ($2.6k).

The fastest growing export markets for Cutting Blades of Armenia between 2022 and 2023 were Russia ($235k), United States ($30.5k), and Belarus ($19.6k).

Imports In 2023, Armenia imported $3.03M in Cutting Blades, becoming the 83rd largest importer of Cutting Blades in the world. At the same year, Cutting Blades was the 396th most imported product in Armenia. Armenia imports Cutting Blades primarily from: Germany ($511k), China ($454k), United Arab Emirates ($392k), Poland ($234k), and Lithuania ($224k).

The fastest growing import markets in Cutting Blades for Armenia between 2022 and 2023 were United Arab Emirates ($385k), Poland ($206k), and France ($73.4k).

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 Cutting Blades. 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)$636k
IMPORTS (2023)$3.03M
NET TRADE (2023)-$2.4M

In 2023, Armenia exported $636k in Cutting Blades. The main destinations of Armenia exports on Cutting Blades were Russia ($538k), United States ($45.6k), Belarus ($30.5k), Kazakhstan ($14.6k), and Iran ($2.6k).

In 2023, Armenia imported $3.03M in Cutting Blades, mainly from Germany ($511k), China ($454k), United Arab Emirates ($392k), Poland ($234k), and Lithuania ($224k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cutting Blades EXPORT MARKETS FOR Armenia WERE (2022 - 2023):
Russia$235k (77.5%)
United States$30.5k (202%)
Belarus$19.6k (180%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cutting Blades BY Armenia WERE (2022 - 2023):
Mexico-$5.4k (-74.2%)
Georgia-$1.51k (-99%)
Germany-$1.24k (-79%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Armenia's main exporting competitors in Cutting Blades were:
In 2023, Armenia's main importing competitors in Cutting Blades were:

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Trade Value of Cutting Blades by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $37.2k
TOP IMPORT POTENTIALChina+ $181k

Cutting Blades’s highest export potential is United States. With an export gap of $37.2k.   Cutting Blades’s highest import potential is China with an import gap of $181k.

See methodology.

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