2022
Exports
$21.6kWorld Rnk 141 / 177
Flag Rnk 705 / 945
2022
PRODUCT COMPLEXITY IN Iron Blocks
-0.42Rnk 679 / 1025
2022
Imports
$9.97MWorld Rnk 129 / 219
Flag Rnk 174 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $21.6k in Iron Blocks, making it the 141st largest exporter of Iron Blocks in the world. At the same year, Iron Blocks was the 705th most exported product in Armenia. The main destination of Iron Blocks exports from Armenia are: Georgia ($18.9k), Russia ($2.04k), and France ($734).

The fastest growing export markets for Iron Blocks of Armenia between 2021 and 2022 were France ($734).

Imports In 2018, Armenia imported $9.97M in Iron Blocks, becoming the 129th largest importer of Iron Blocks in the world. At the same year, Iron Blocks was the 174th most imported product in Armenia. Armenia imports Iron Blocks primarily from: Iran ($4.91M), Russia ($2.28M), Georgia ($1.86M), Turkey ($663k), and China ($80.1k).

The fastest growing import markets in Iron Blocks for Armenia between 2021 and 2022 were Iran ($1.76M), Russia ($1.26M), and Georgia ($786k).

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 Iron Blocks. 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)$21.6k
IMPORTS (2022)$9.97M
NET TRADE (2022)-$9.95M

In 2022, Armenia exported $21.6k in Iron Blocks. The main destinations of Armenia exports on Iron Blocks were Georgia ($18.9k), Russia ($2.04k), and France ($734).

In 2022, Armenia imported $9.97M in Iron Blocks, mainly from Iran ($4.91M), Russia ($2.28M), Georgia ($1.86M), Turkey ($663k), and China ($80.1k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Blocks EXPORT MARKETS FOR Armenia WERE (2021 - 2022):France$734 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Blocks BY Armenia WERE (2021 - 2022):
Russia-$75.4k (-97.4%)
Singapore-$35.9k (-100%)
Georgia-$29.3k (-60.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Armenia's main exporting competitors in Iron Blocks were:
China $2.83B
Spain $2.24B
Germany $2.07B
In 2022, Armenia's main importing competitors in Iron Blocks were:

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Trade Value of Iron Blocks by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $2.51k
TOP IMPORT POTENTIALTurkey+ $669k

Iron Blocks’s highest export potential is France. With an export gap of $2.51k.   Iron Blocks’s highest import potential is Turkey with an import gap of $669k.

See methodology.

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