2021
Exports
$3.99kWorld Rnk 0 / 0
Flag Rnk 0 / 0
falsefalseN/A
2023
PRODUCT COMPLEXITY IN Iron Ore
-1.87Rnk 987 / 1025
2021
Imports
$988kWorld Rnk 59 / 125
Flag Rnk 592 / 1135
2023
ECONOMIC COMPLEXITY of Armenia
0.094Rnk 57 / 132

About

Imports In 2023, Armenia imported $988k in Iron Ore, becoming the 59th largest importer of Iron Ore in the world. At the same year, Iron Ore was the 592nd most imported product in Armenia. Armenia imports Iron Ore primarily from: Iran ($544k), Russia ($435k), Georgia ($7.68k), Sweden ($1.8k), and Curaçao ($44).

The fastest growing import markets in Iron Ore for Armenia between 2022 and 2023 were Iran ($416k), Georgia ($7.68k), and Sweden ($1.8k).

Latest Trends

Dec 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)$3.99k
IMPORTS (2023)$988k
NET TRADE (2023)-$988k

In 2023, Armenia imported $988k in Iron Ore, mainly from Iran ($544k), Russia ($435k), Georgia ($7.68k), Sweden ($1.8k), and Curaçao ($44).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Armenia's main exporting competitors in Iron Ore were:
In 2023, Armenia's main importing competitors in Iron Ore were:

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Trade Value of Iron Ore by Exporters

Potential Exports

Potential Exports

Flow
View
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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