Gold in Armenia | The Observatory of Economic Complexity

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Exports In 2022, Armenia exported $512M in Gold, making it the 69th largest exporter of Gold in the world. At the same year, Gold was the 2nd most exported product in Armenia. The main destination of Gold exports from Armenia are: United Arab Emirates ($256M), India ($195M), Turkey ($57.8M), Italy ($1.46M), and Russia ($1.22M).

The fastest growing export markets for Gold of Armenia between 2021 and 2022 were United Arab Emirates ($251M), Turkey ($57.8M), and Russia ($1.11M).

Imports In 2022, Armenia imported $234M in Gold, becoming the 45th largest importer of Gold in the world. At the same year, Gold was the 7th most imported product in Armenia. Armenia imports Gold primarily from: Russia ($209M), United Arab Emirates ($18.4M), United States ($7.02M), Thailand ($140k), and Switzerland ($130k).

The fastest growing import markets in Gold for Armenia between 2021 and 2022 were Russia ($151M), United States ($5.69M), and United Arab Emirates ($665k).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Gold from Armenia to the United States.

Latest Trends

Feb 2024

Subnational Monthly Trade

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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 Gold. 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

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Trade Value

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Year

EXPORTS (2022)$512M

IMPORTS (2022)$234M

NET TRADE (2022)$278M

In 2022, Armenia exported $512M in Gold. The main destinations of Armenia exports on Gold were United Arab Emirates ($256M), India ($195M), Turkey ($57.8M), Italy ($1.46M), and Russia ($1.22M).

In 2022, Armenia imported $234M in Gold, mainly from Russia ($209M), United Arab Emirates ($18.4M), United States ($7.02M), Thailand ($140k), and Switzerland ($130k).

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