2022
Exports
$57.6kWorld Rnk 84 / 160
Flag Rnk 610 / 945
2022
PRODUCT COMPLEXITY IN Metalworking Machines
1.92Rnk 9 / 1025
2022
Imports
$1.11MWorld Rnk 91 / 212
Flag Rnk 539 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $57.6k in Metalworking Machines, making it the 84th largest exporter of Metalworking Machines in the world. At the same year, Metalworking Machines was the 610th most exported product in Armenia. The main destination of Metalworking Machines exports from Armenia are: Iran ($28.1k), Italy ($15.3k), Russia ($14.1k), and Tajikistan ($100).

The fastest growing export markets for Metalworking Machines of Armenia between 2021 and 2022 were Italy ($15.3k), Russia ($12.9k), and Tajikistan ($100).

Imports In 2022, Armenia imported $1.11M in Metalworking Machines, becoming the 91st largest importer of Metalworking Machines in the world. At the same year, Metalworking Machines was the 539th most imported product in Armenia. Armenia imports Metalworking Machines primarily from: Germany ($340k), China ($259k), Estonia ($178k), Italy ($75.7k), and United Arab Emirates ($75.3k).

The fastest growing import markets in Metalworking Machines for Armenia between 2021 and 2022 were Germany ($334k), Estonia ($178k), and Italy ($75.7k).

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 Metalworking 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)$57.6k
IMPORTS (2022)$1.11M
NET TRADE (2022)-$1.05M

In 2022, Armenia exported $57.6k in Metalworking Machines. The main destinations of Armenia exports on Metalworking Machines were Iran ($28.1k), Italy ($15.3k), Russia ($14.1k), and Tajikistan ($100).

In 2022, Armenia imported $1.11M in Metalworking Machines, mainly from Germany ($340k), China ($259k), Estonia ($178k), Italy ($75.7k), and United Arab Emirates ($75.3k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Metalworking Machines EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
Italy$15.3k (1%)
Russia$12.9k (1.07k%)
Tajikistan$100 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Metalworking Machines BY Armenia WERE (2021 - 2022):
Iran-$26.5k (-48.5%)
Georgia-$650 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Metalworking Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALItaly+ $11.5k
TOP IMPORT POTENTIALChina+ $82.1k

Metalworking Machines’s highest export potential is Italy. With an export gap of $11.5k.   Metalworking Machines’s highest import potential is China with an import gap of $82.1k.

See methodology.

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