2022
Exports
$306kWorld Rnk 67 / 152
Flag Rnk 391 / 945
2022
PRODUCT COMPLEXITY IN Granite
-1.39Rnk 929 / 1025
2022
Imports
$789kWorld Rnk 71 / 197
Flag Rnk 594 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $306k in Granite, making it the 67th largest exporter of Granite in the world. At the same year, Granite was the 391st most exported product in Armenia. The main destination of Granite exports from Armenia are: China ($220k), Hong Kong ($41k), Russia ($36.2k), Germany ($7.73k), and Georgia ($1.4k).

The fastest growing export markets for Granite of Armenia between 2021 and 2022 were China ($128k), Hong Kong ($41k), and Russia ($4.12k).

Imports In 2022, Armenia imported $789k in Granite, becoming the 71st largest importer of Granite in the world. At the same year, Granite was the 594th most imported product in Armenia. Armenia imports Granite primarily from: India ($338k), Russia ($209k), Ukraine ($152k), Georgia ($67.8k), and Iran ($13.2k).

The fastest growing import markets in Granite for Armenia between 2021 and 2022 were Russia ($88.7k), India ($70.7k), and Lithuania ($7.65k).

Latest Trends

Nov 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 Granite. 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)$306k
IMPORTS (2022)$789k
NET TRADE (2022)-$483k

In 2022, Armenia exported $306k in Granite. The main destinations of Armenia exports on Granite were China ($220k), Hong Kong ($41k), Russia ($36.2k), Germany ($7.73k), and Georgia ($1.4k).

In 2022, Armenia imported $789k in Granite, mainly from India ($338k), Russia ($209k), Ukraine ($152k), Georgia ($67.8k), and Iran ($13.2k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Granite EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
China$128k (139%)
Hong Kong$41k (1%)
Russia$4.12k (12.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Granite BY Armenia WERE (2021 - 2022):
Japan-$20.7k (-100%)
Ukraine-$11.3k (-100%)
Bulgaria-$932 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Granite by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $170k
TOP IMPORT POTENTIALIndia+ $207k

Granite’s highest export potential is China. With an export gap of $170k.   Granite’s highest import potential is India with an import gap of $207k.

See methodology.

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