2022
Exports
$2.15MWorld Rnk 68 / 167
Flag Rnk 174 / 945
2022
PRODUCT COMPLEXITY IN Footwear Parts
-0.62Rnk 735 / 1025
2022
Imports
$2.87MWorld Rnk 96 / 207
Flag Rnk 369 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $2.15M in Footwear Parts, making it the 68th largest exporter of Footwear Parts in the world. At the same year, Footwear Parts was the 174th most exported product in Armenia. The main destination of Footwear Parts exports from Armenia are: Russia ($2.13M), Germany ($8.86k), Georgia ($8.05k), United States ($3.71k), and Kazakhstan ($2.21k).

The fastest growing export markets for Footwear Parts of Armenia between 2021 and 2022 were Russia ($2.01M), Germany ($8.17k), and Georgia ($6.76k).

Imports In 2022, Armenia imported $2.87M in Footwear Parts, becoming the 96th largest importer of Footwear Parts in the world. At the same year, Footwear Parts was the 369th most imported product in Armenia. Armenia imports Footwear Parts primarily from: New Zealand ($1.82M), Turkey ($379k), Italy ($204k), Bulgaria ($154k), and China ($68.7k).

The fastest growing import markets in Footwear Parts for Armenia between 2021 and 2022 were New Zealand ($1.82M), Bulgaria ($136k), and Italy ($68.4k).

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 Footwear Parts. 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)$2.15M
IMPORTS (2022)$2.87M
NET TRADE (2022)-$712k

In 2022, Armenia exported $2.15M in Footwear Parts. The main destinations of Armenia exports on Footwear Parts were Russia ($2.13M), Germany ($8.86k), Georgia ($8.05k), United States ($3.71k), and Kazakhstan ($2.21k).

In 2022, Armenia imported $2.87M in Footwear Parts, mainly from New Zealand ($1.82M), Turkey ($379k), Italy ($204k), Bulgaria ($154k), and China ($68.7k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Footwear Parts EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
Russia$2.01M (1.75k%)
Germany$8.17k (1.18k%)
Georgia$6.76k (527%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Footwear Parts BY Armenia WERE (2021 - 2022):
Sweden-$117 (-100%)
Chile-$81 (-100%)
Spain-$62 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Armenia's main exporting competitors in Footwear Parts were:
China $4.26B
Italy $811M
In 2022, Armenia's main importing competitors in Footwear Parts were:
Vietnam $1.43B
Italy $1.24B

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Trade Value of Footwear Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $38.4k
TOP IMPORT POTENTIALChina+ $141k

Footwear Parts’s highest export potential is Germany. With an export gap of $38.4k.   Footwear Parts’s highest import potential is China with an import gap of $141k.

See methodology.

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