2023
Exports
$1.82BWorld Rnk 42 / 167
Flag Rnk 1 / 973
2023
PRODUCT COMPLEXITY IN Gold
-2.5Rnk 1019 / 1025
2023
Imports
$1.37BWorld Rnk 26 / 174
Flag Rnk 2 / 1135
2023
ECONOMIC COMPLEXITY of Armenia
0.094Rnk 57 / 132

About

Exports In 2023, Armenia exported $1.82B in Gold, making it the 42nd largest exporter of Gold in the world. At the same year, Gold was the 1st most exported product in Armenia. The main destination of Gold exports from Armenia are: United Arab Emirates ($1.31B), Hong Kong ($472M), India ($28.6M), China ($5.84M), and Russia ($1.27M).

The fastest growing export markets for Gold of Armenia between 2022 and 2023 were United Arab Emirates ($1.06B), Hong Kong ($472M), and China ($5.84M).

Imports In 2023, Armenia imported $1.37B in Gold, becoming the 26th largest importer of Gold in the world. At the same year, Gold was the 2nd most imported product in Armenia. Armenia imports Gold primarily from: Russia ($1.34B), United Arab Emirates ($15M), Curaçao ($12.7M), Switzerland ($3.52M), and Austria ($2.71M).

The fastest growing import markets in Gold for Armenia between 2022 and 2023 were Russia ($1.13B), Curaçao ($12.6M), and Switzerland ($3.44M).

Latest Trends

Dec 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 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

Color
EXPORTS (2023)$1.82B
IMPORTS (2023)$1.37B
NET TRADE (2023)$448M

In 2023, Armenia exported $1.82B in Gold. The main destinations of Armenia exports on Gold were United Arab Emirates ($1.31B), Hong Kong ($472M), India ($28.6M), China ($5.84M), and Russia ($1.27M).

In 2023, Armenia imported $1.37B in Gold, mainly from Russia ($1.34B), United Arab Emirates ($15M), Curaçao ($12.7M), Switzerland ($3.52M), and Austria ($2.71M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Gold EXPORT MARKETS FOR Armenia WERE (2022 - 2023):
Hong Kong$472M (2.43M%)
China$5.84M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gold BY Armenia WERE (2022 - 2023):
India-$167M (-85.3%)
Turkey-$57.8M (-100%)
Italy-$317k (-24%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Gold by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $55.2M
TOP IMPORT POTENTIALUnited Arab Emirates+ $9.32M

Gold’s highest export potential is India. With an export gap of $55.2M.   Gold’s highest import potential is United Arab Emirates with an import gap of $9.32M.

See methodology.

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