2023
Exports
$70.3MWorld Rnk 60 / 102
Flag Rnk 17 / 973
falsefalse Iran
2023
PRODUCT COMPLEXITY IN Electricity
-0.74Rnk 770 / 1025
2023
Imports
$1.79MWorld Rnk 109 / 126
Flag Rnk 492 / 1135
2023
ECONOMIC COMPLEXITY of Armenia
0.094Rnk 57 / 132

About

Exports In 2023, Armenia exported $70.3M in Electricity, making it the 60th largest exporter of Electricity in the world. At the same year, Electricity was the 17th most exported product in Armenia. The main destination of Electricity exports from Armenia are: Iran ($58.6M) and Georgia ($11.6M).

The fastest growing export markets for Electricity of Armenia between 2022 and 2023 were Georgia ($279k).

Imports In 2023, Armenia imported $1.79M in Electricity, becoming the 109th largest importer of Electricity in the world. At the same year, Electricity was the 492nd most imported product in Armenia. Armenia imports Electricity primarily from: Georgia ($1.34M) and Iran ($444k).

Historical Data

Trade Balance

Color
EXPORTS (2023)$70.3M
IMPORTS (2023)$1.79M
NET TRADE (2023)$68.5M

In 2023, Armenia exported $70.3M in Electricity. The main destinations of Armenia exports on Electricity were Iran ($58.6M) and Georgia ($11.6M).

In 2023, Armenia imported $1.79M in Electricity, mainly from Georgia ($1.34M) and Iran ($444k).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electricity EXPORT MARKETS FOR Armenia WERE (2022 - 2023):Georgia$279k (2.46%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electricity BY Armenia WERE (2022 - 2023):
Iran-$6.77M (-10.3%)
Azerbaijan-$1.26M (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Armenia's main exporting competitors in Electricity were:
In 2023, Armenia's main importing competitors in Electricity were:

Explore Visualizations

Trade Value of Electricity by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALAzerbaijan+ $103k
TOP IMPORT POTENTIALIran+ $124k

Electricity’s highest export potential is Azerbaijan. With an export gap of $103k.   Electricity’s highest import potential is Iran with an import gap of $124k.

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