2022
Exports
$145kWorld Rnk 76 / 203
Flag Rnk 502 / 945
2022
PRODUCT COMPLEXITY IN Hand Tools
0.83Rnk 235 / 1025
2022
Imports
$713kWorld Rnk 135 / 220
Flag Rnk 616 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $145k in Hand Tools, making it the 76th largest exporter of Hand Tools in the world. At the same year, Hand Tools was the 502nd most exported product in Armenia. The main destination of Hand Tools exports from Armenia are: Russia ($114k), United Kingdom ($13.8k), France ($5.82k), Belarus ($5.05k), and Hungary ($2.56k).

The fastest growing export markets for Hand Tools of Armenia between 2021 and 2022 were Russia ($69.2k), United Kingdom ($8.06k), and France ($5.82k).

Imports In 2022, Armenia imported $713k in Hand Tools, becoming the 135th largest importer of Hand Tools in the world. At the same year, Hand Tools was the 616th most imported product in Armenia. Armenia imports Hand Tools primarily from: China ($455k), Germany ($75.2k), Russia ($43.7k), Italy ($32.3k), and Poland ($22k).

The fastest growing import markets in Hand Tools for Armenia between 2021 and 2022 were Germany ($49.3k), Italy ($29.4k), and Poland ($13.4k).

Latest Trends

Sep 2024

Subnational Monthly Trade

View
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 Hand Tools. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2022)$145k
IMPORTS (2022)$713k
NET TRADE (2022)-$568k

In 2022, Armenia exported $145k in Hand Tools. The main destinations of Armenia exports on Hand Tools were Russia ($114k), United Kingdom ($13.8k), France ($5.82k), Belarus ($5.05k), and Hungary ($2.56k).

In 2022, Armenia imported $713k in Hand Tools, mainly from China ($455k), Germany ($75.2k), Russia ($43.7k), Italy ($32.3k), and Poland ($22k).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hand Tools EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
Russia$69.2k (154%)
United Kingdom$8.06k (141%)
France$5.82k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hand Tools BY Armenia WERE (2021 - 2022):
Kazakhstan-$2.96k (-88.6%)
Ukraine-$2.4k (-100%)
Austria-$2.12k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Armenia's main exporting competitors in Hand Tools were:
In 2022, Armenia's main importing competitors in Hand Tools were:

Explore Visualizations

Trade Value of Hand Tools by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Kingdom+ $14.4k
TOP IMPORT POTENTIALChina+ $123k

Hand Tools’s highest export potential is United Kingdom. With an export gap of $14.4k.   Hand Tools’s highest import potential is China with an import gap of $123k.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with