2022
Exports
$3.52MWorld Rnk 69 / 213
Flag Rnk 129 / 945
2022
PRODUCT COMPLEXITY IN Interchangeable Tool Parts
1.7Rnk 24 / 1025
2022
Imports
$5.73MWorld Rnk 120 / 225
Flag Rnk 250 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $3.52M in Interchangeable Tool Parts, making it the 69th largest exporter of Interchangeable Tool Parts in the world. At the same year, Interchangeable Tool Parts was the 129th most exported product in Armenia. The main destination of Interchangeable Tool Parts exports from Armenia are: Russia ($2.53M), Slovakia ($955k), Latvia ($12.5k), Qatar ($11.2k), and Belarus ($5.44k).

The fastest growing export markets for Interchangeable Tool Parts of Armenia between 2021 and 2022 were Russia ($2.25M), Slovakia ($955k), and Latvia ($12.5k).

Imports In 2022, Armenia imported $5.73M in Interchangeable Tool Parts, becoming the 120th largest importer of Interchangeable Tool Parts in the world. At the same year, Interchangeable Tool Parts was the 250th most imported product in Armenia. Armenia imports Interchangeable Tool Parts primarily from: China ($1.26M), Russia ($983k), Germany ($663k), Sweden ($330k), and Georgia ($317k).

The fastest growing import markets in Interchangeable Tool Parts for Armenia between 2021 and 2022 were Poland ($293k), Georgia ($284k), and Italy ($268k).

Latest Trends

Sep 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 Interchangeable Tool Parts. 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)$3.52M
IMPORTS (2022)$5.73M
NET TRADE (2022)-$2.21M

In 2022, Armenia exported $3.52M in Interchangeable Tool Parts. The main destinations of Armenia exports on Interchangeable Tool Parts were Russia ($2.53M), Slovakia ($955k), Latvia ($12.5k), Qatar ($11.2k), and Belarus ($5.44k).

In 2022, Armenia imported $5.73M in Interchangeable Tool Parts, mainly from China ($1.26M), Russia ($983k), Germany ($663k), Sweden ($330k), and Georgia ($317k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Interchangeable Tool Parts EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
Russia$2.25M (801%)
Slovakia$955k (1%)
Latvia$12.5k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Interchangeable Tool Parts BY Armenia WERE (2021 - 2022):
Austria-$23k (-100%)
Sudan-$14.6k (-100%)
Ukraine-$4.32k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Armenia's main exporting competitors in Interchangeable Tool Parts were:
In 2022, Armenia's main importing competitors in Interchangeable Tool Parts were:

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Trade Value of Interchangeable Tool Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $37.4k
TOP IMPORT POTENTIALChina+ $811k

Interchangeable Tool Parts’s highest export potential is Germany. With an export gap of $37.4k.   Interchangeable Tool Parts’s highest import potential is China with an import gap of $811k.

See methodology.

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