2022
Exports
$158kWorld Rnk 67 / 161
Flag Rnk 484 / 945
2022
PRODUCT COMPLEXITY IN Metal Finishing Machines
1.51Rnk 48 / 1025
2022
Imports
$1.07MWorld Rnk 86 / 210
Flag Rnk 547 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $158k in Metal Finishing Machines, making it the 67th largest exporter of Metal Finishing Machines in the world. At the same year, Metal Finishing Machines was the 484th most exported product in Armenia. The main destination of Metal Finishing Machines exports from Armenia are: Iran ($74.1k), Russia ($66.4k), Georgia ($16k), Tajikistan ($1.2k), and Zimbabwe ($83).

The fastest growing export markets for Metal Finishing Machines of Armenia between 2021 and 2022 were Russia ($65.2k), Georgia ($12.5k), and Tajikistan ($1.2k).

Imports In 2022, Armenia imported $1.07M in Metal Finishing Machines, becoming the 86th largest importer of Metal Finishing Machines in the world. At the same year, Metal Finishing Machines was the 547th most imported product in Armenia. Armenia imports Metal Finishing Machines primarily from: Germany ($265k), China ($241k), Iran ($153k), Lithuania ($121k), and India ($102k).

The fastest growing import markets in Metal Finishing Machines for Armenia between 2021 and 2022 were Germany ($215k), China ($196k), and Lithuania ($121k).

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 Metal Finishing Machines. 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)$158k
IMPORTS (2022)$1.07M
NET TRADE (2022)-$912k

In 2022, Armenia exported $158k in Metal Finishing Machines. The main destinations of Armenia exports on Metal Finishing Machines were Iran ($74.1k), Russia ($66.4k), Georgia ($16k), Tajikistan ($1.2k), and Zimbabwe ($83).

In 2022, Armenia imported $1.07M in Metal Finishing Machines, mainly from Germany ($265k), China ($241k), Iran ($153k), Lithuania ($121k), and India ($102k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Metal Finishing Machines EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
Russia$65.2k (5.4k%)
Georgia$12.5k (358%)
Tajikistan$1.2k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Metal Finishing Machines BY Armenia WERE (2021 - 2022):
Iran-$69.6k (-48.4%)
France-$597 (-100%)
Austria-$162 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Armenia's main exporting competitors in Metal Finishing Machines were:
In 2022, Armenia's main importing competitors in Metal Finishing Machines were:

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Trade Value of Metal Finishing Machines by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALRussia+ $19.2k
TOP IMPORT POTENTIALChina+ $94.8k

Metal Finishing Machines’s highest export potential is Russia. With an export gap of $19.2k.   Metal Finishing Machines’s highest import potential is China with an import gap of $94.8k.

See methodology.

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