2022
Exports
$239kWorld Rnk 78 / 158
Flag Rnk 428 / 945
2022
PRODUCT COMPLEXITY IN Industrial Furnaces
0.84Rnk 229 / 1025
2022
Imports
$1.1MWorld Rnk 135 / 213
Flag Rnk 540 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $239k in Industrial Furnaces, making it the 78th largest exporter of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 428th most exported product in Armenia. The main destination of Industrial Furnaces exports from Armenia are: Russia ($156k), Iran ($40.3k), Georgia ($22.5k), United States ($9.2k), and United Arab Emirates ($7.08k).

The fastest growing export markets for Industrial Furnaces of Armenia between 2021 and 2022 were Russia ($137k), Iran ($30.3k), and Georgia ($17k).

Imports In 2022, Armenia imported $1.1M in Industrial Furnaces, becoming the 135th largest importer of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 540th most imported product in Armenia. Armenia imports Industrial Furnaces primarily from: China ($224k), Italy ($218k), India ($158k), Russia ($143k), and Bulgaria ($71.8k).

The fastest growing import markets in Industrial Furnaces for Armenia between 2021 and 2022 were China ($125k), Russia ($58.8k), and Bulgaria ($33k).

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 Industrial Furnaces. 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)$239k
IMPORTS (2022)$1.1M
NET TRADE (2022)-$866k

In 2022, Armenia exported $239k in Industrial Furnaces. The main destinations of Armenia exports on Industrial Furnaces were Russia ($156k), Iran ($40.3k), Georgia ($22.5k), United States ($9.2k), and United Arab Emirates ($7.08k).

In 2022, Armenia imported $1.1M in Industrial Furnaces, mainly from China ($224k), Italy ($218k), India ($158k), Russia ($143k), and Bulgaria ($71.8k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Industrial Furnaces EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
Russia$137k (723%)
Iran$30.3k (303%)
Georgia$17k (311%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Industrial Furnaces BY Armenia WERE (2021 - 2022):
United States-$17k (-64.9%)
Ukraine-$6.07k (-73.3%)
Poland-$1.55k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Armenia's main exporting competitors in Industrial Furnaces were:
China $1.77B
Italy $645M
In 2022, Armenia's main importing competitors in Industrial Furnaces were:

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Trade Value of Industrial Furnaces by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALRussia+ $47.9k
TOP IMPORT POTENTIALChina+ $182k

Industrial Furnaces’s highest export potential is Russia. With an export gap of $47.9k.   Industrial Furnaces’s highest import potential is China with an import gap of $182k.

See methodology.

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