2022
Exports
$131kWorld Rnk 75 / 144
Flag Rnk 521 / 945
2022
PRODUCT COMPLEXITY IN Liquid Fuel Furnaces
1.17Rnk 112 / 1025
2022
Imports
$1.72MWorld Rnk 88 / 209
Flag Rnk 463 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $131k in Liquid Fuel Furnaces, making it the 75th largest exporter of Liquid Fuel Furnaces in the world. At the same year, Liquid Fuel Furnaces was the 521st most exported product in Armenia. The main destination of Liquid Fuel Furnaces exports from Armenia are: Russia ($110k) and Kazakhstan ($20.8k).

The fastest growing export markets for Liquid Fuel Furnaces of Armenia between N/A and 2022 were Russia ($110k) and Kazakhstan ($20.8k).

Imports In 2022, Armenia imported $1.72M in Liquid Fuel Furnaces, becoming the 88th largest importer of Liquid Fuel Furnaces in the world. At the same year, Liquid Fuel Furnaces was the 463rd most imported product in Armenia. Armenia imports Liquid Fuel Furnaces primarily from: Italy ($700k), Poland ($188k), Iran ($140k), Lithuania ($115k), and Georgia ($110k).

The fastest growing import markets in Liquid Fuel Furnaces for Armenia between 2021 and 2022 were Italy ($576k), Poland ($188k), and Lithuania ($115k).

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 Liquid Fuel Furnaces. 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)$131k
IMPORTS (2022)$1.72M
NET TRADE (2022)-$1.59M

In 2022, Armenia exported $131k in Liquid Fuel Furnaces. The main destinations of Armenia exports on Liquid Fuel Furnaces were Russia ($110k) and Kazakhstan ($20.8k).

In 2022, Armenia imported $1.72M in Liquid Fuel Furnaces, mainly from Italy ($700k), Poland ($188k), Iran ($140k), Lithuania ($115k), and Georgia ($110k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Liquid Fuel Furnaces EXPORT MARKETS FOR Armenia WERE (N/A - 2022):
Russia$110k (1%)
Kazakhstan$20.8k (1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Armenia's main exporting competitors in Liquid Fuel Furnaces were:
In 2022, Armenia's main importing competitors in Liquid Fuel Furnaces were:

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Trade Value of Liquid Fuel Furnaces by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALRussia+ $8.32k
TOP IMPORT POTENTIALChina+ $89.5k

Liquid Fuel Furnaces’s highest export potential is Russia. With an export gap of $8.32k.   Liquid Fuel Furnaces’s highest import potential is China with an import gap of $89.5k.

See methodology.

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