2023
Exports
$3.1MWorld Rnk 69 / 212
Flag Rnk 165 / 973
2023
PRODUCT COMPLEXITY IN Interchangeable Tool Parts
1.77Rnk 16 / 1025
2023
Imports
$7.62MWorld Rnk 102 / 223
Flag Rnk 244 / 1135
2023
ECONOMIC COMPLEXITY of Armenia
0.094Rnk 57 / 132

About

Exports In 2023, Armenia exported $3.1M 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 165th most exported product in Armenia. The main destination of Interchangeable Tool Parts exports from Armenia are: Russia ($2.93M), Belarus ($85.4k), Moldova ($22.4k), Israel ($17k), and Netherlands ($10.4k).

The fastest growing export markets for Interchangeable Tool Parts of Armenia between 2022 and 2023 were Russia ($401k), Belarus ($80k), and Moldova ($22.4k).

Imports In 2023, Armenia imported $7.62M in Interchangeable Tool Parts, becoming the 102nd largest importer of Interchangeable Tool Parts in the world. At the same year, Interchangeable Tool Parts was the 244th most imported product in Armenia. Armenia imports Interchangeable Tool Parts primarily from: China ($2.79M), Germany ($1.02M), Russia ($569k), Italy ($459k), and Lithuania ($302k).

The fastest growing import markets in Interchangeable Tool Parts for Armenia between 2022 and 2023 were China ($1.16M), Japan ($197k), and France ($156k).

Latest Trends

Jan 2025

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 (2023)$3.1M
IMPORTS (2023)$7.62M
NET TRADE (2023)-$4.52M

In 2023, Armenia exported $3.1M in Interchangeable Tool Parts. The main destinations of Armenia exports on Interchangeable Tool Parts were Russia ($2.93M), Belarus ($85.4k), Moldova ($22.4k), Israel ($17k), and Netherlands ($10.4k).

In 2023, Armenia imported $7.62M in Interchangeable Tool Parts, mainly from China ($2.79M), Germany ($1.02M), Russia ($569k), Italy ($459k), and Lithuania ($302k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Interchangeable Tool Parts EXPORT MARKETS FOR Armenia WERE (2022 - 2023):
Russia$401k (15.9%)
Belarus$80k (1.47k%)
Moldova$22.4k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Interchangeable Tool Parts BY Armenia WERE (2022 - 2023):
Slovakia-$955k (-100%)
Latvia-$12.5k (-100%)
Qatar-$11.2k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Armenia's main exporting competitors in Interchangeable Tool Parts were:
In 2023, 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
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TOP EXPORT POTENTIALGermany+ $37.4k
N/AN/AN/A

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

See methodology.

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