2022
Exports
$1.23MWorld Rnk 111 / 192
Flag Rnk 234 / 945
2022
PRODUCT COMPLEXITY IN Gas Turbines
0.71Rnk 270 / 1025
2022
Imports
$18MWorld Rnk 102 / 207
Flag Rnk 107 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $1.23M in Gas Turbines, making it the 111th largest exporter of Gas Turbines in the world. At the same year, Gas Turbines was the 234th most exported product in Armenia. The main destination of Gas Turbines exports from Armenia are: Russia ($942k), Brazil ($285k), and United Kingdom ($251).

The fastest growing export markets for Gas Turbines of Armenia between 2021 and 2022 were Brazil ($285k) and United Kingdom ($251).

Imports In 2022, Armenia imported $18M in Gas Turbines, becoming the 102nd largest importer of Gas Turbines in the world. At the same year, Gas Turbines was the 107th most imported product in Armenia. Armenia imports Gas Turbines primarily from: Switzerland ($13.6M), United States ($1.91M), United Kingdom ($1.51M), Croatia ($527k), and Italy ($150k).

The fastest growing import markets in Gas Turbines for Armenia between 2021 and 2022 were Switzerland ($13.6M), United States ($1.87M), and United Kingdom ($1.51M).

Latest Trends

Jul 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 Gas Turbines. 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)$1.23M
IMPORTS (2022)$18M
NET TRADE (2022)-$16.8M

In 2022, Armenia exported $1.23M in Gas Turbines. The main destinations of Armenia exports on Gas Turbines were Russia ($942k), Brazil ($285k), and United Kingdom ($251).

In 2022, Armenia imported $18M in Gas Turbines, mainly from Switzerland ($13.6M), United States ($1.91M), United Kingdom ($1.51M), Croatia ($527k), and Italy ($150k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Gas Turbines EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
Brazil$285k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gas Turbines BY Armenia WERE (2021 - 2022):
Russia-$92.6k (-8.96%)
Ukraine-$3.04k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Armenia's main exporting competitors in Gas Turbines were:
In 2022, Armenia's main importing competitors in Gas Turbines were:

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Trade Value of Gas Turbines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALBrazil+ $224k
TOP IMPORT POTENTIALUnited States+ $1.83M

Gas Turbines’s highest export potential is Brazil. With an export gap of $224k.   Gas Turbines’s highest import potential is United States with an import gap of $1.83M.

See methodology.

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