2022
Exports
$343kWorld Rnk 66 / 182
Flag Rnk 375 / 945
2022
PRODUCT COMPLEXITY IN Cutting Blades
1.38Rnk 76 / 1025
2022
Imports
$2.21MWorld Rnk 90 / 219
Flag Rnk 423 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $343k in Cutting Blades, making it the 66th largest exporter of Cutting Blades in the world. At the same year, Cutting Blades was the 375th most exported product in Armenia. The main destination of Cutting Blades exports from Armenia are: Russia ($303k), United States ($15.1k), Belarus ($10.9k), Mexico ($7.28k), and India ($2.06k).

The fastest growing export markets for Cutting Blades of Armenia between 2021 and 2022 were Russia ($287k), Belarus ($10.9k), and Mexico ($1.94k).

Imports In 2022, Armenia imported $2.21M in Cutting Blades, becoming the 90th largest importer of Cutting Blades in the world. At the same year, Cutting Blades was the 423rd most imported product in Armenia. Armenia imports Cutting Blades primarily from: China ($599k), Lithuania ($507k), Germany ($425k), Russia ($197k), and Italy ($92k).

The fastest growing import markets in Cutting Blades for Armenia between 2021 and 2022 were Lithuania ($502k), China ($375k), and Germany ($352k).

Latest Trends

Sep 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 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 (2022)$343k
IMPORTS (2022)$2.21M
NET TRADE (2022)-$1.87M

In 2022, Armenia exported $343k in Cutting Blades. The main destinations of Armenia exports on Cutting Blades were Russia ($303k), United States ($15.1k), Belarus ($10.9k), Mexico ($7.28k), and India ($2.06k).

In 2022, Armenia imported $2.21M in Cutting Blades, mainly from China ($599k), Lithuania ($507k), Germany ($425k), Russia ($197k), and Italy ($92k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cutting Blades EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
Russia$287k (1.78k%)
Belarus$10.9k (1%)
Mexico$1.94k (36.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cutting Blades BY Armenia WERE (2021 - 2022):
United States-$41.6k (-73.3%)
India-$4.19k (-67%)
New Zealand-$1.59k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Armenia's main exporting competitors in Cutting Blades were:
In 2022, 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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