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2021
Exports $3.3kWorld Rnk 0 / 0
Flag Rnk 0 / 0
falsefalseN/A
2022
PRODUCT COMPLEXITY IN Iron Ore-1.79Rnk 980 / 1025
2021
Imports $1.3MWorld Rnk 60 / 130
Flag Rnk 513 / 1142
2022
ECONOMIC COMPLEXITY of Armenia0.00081Rnk 66 / 133

About

Imports In 2022, Armenia imported $1.3M in Iron Ore, becoming the 60th largest importer of Iron Ore in the world. At the same year, Iron Ore was the 513th most imported product in Armenia. Armenia imports Iron Ore primarily from: Russia ($1.08M) and Iran ($229k).

The fastest growing import markets in Iron Ore for Armenia between 2021 and 2022 were Iran ($9.82k).

Latest Trends

Oct 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 Ore. 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 (2021)$3.3k
IMPORTS (2022)$1.3M
NET TRADE (2022)-$1.3M

In 2022, Armenia imported $1.3M in Iron Ore, mainly from Russia ($1.08M) and Iran ($229k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ore BY Armenia WERE (N/A - 2021):Italy-$3.3k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Armenia's main exporting competitors in Iron Ore were:
Australia $87.9B
Brazil $30.1B
Canada $6.81B
In 2022, Armenia's main importing competitors in Iron Ore were:
China $103B
Japan $11.3B
South Korea $7.58B

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Trade Value of Iron Ore by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $1.18k
TOP IMPORT POTENTIALIran+ $166k

Iron Ore’s highest export potential is China. With an export gap of $1.18k.   Iron Ore’s highest import potential is Iran with an import gap of $166k.

See methodology.

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