2023
Exports
$788kWorld Rnk 79 / 199
Flag Rnk 292 / 973
2023
PRODUCT COMPLEXITY IN Navigation Equipment
1.03Rnk 167 / 1025
2023
Imports
$4.02MWorld Rnk 101 / 223
Flag Rnk 346 / 1135
2023
ECONOMIC COMPLEXITY of Armenia
0.094Rnk 57 / 132

About

Exports In 2023, Armenia exported $788k in Navigation Equipment, making it the 79th largest exporter of Navigation Equipment in the world. At the same year, Navigation Equipment was the 292nd most exported product in Armenia. The main destination of Navigation Equipment exports from Armenia are: Russia ($718k), Singapore ($27.9k), Estonia ($10.8k), Germany ($7.53k), and Lithuania ($5.5k).

The fastest growing export markets for Navigation Equipment of Armenia between 2022 and 2023 were Singapore ($27.9k), Estonia ($10.8k), and Germany ($5.06k).

Imports In 2023, Armenia imported $4.02M in Navigation Equipment, becoming the 101st largest importer of Navigation Equipment in the world. At the same year, Navigation Equipment was the 346th most imported product in Armenia. Armenia imports Navigation Equipment primarily from: China ($1.3M), Russia ($427k), Germany ($384k), Switzerland ($344k), and Austria ($297k).

The fastest growing import markets in Navigation Equipment for Armenia between 2022 and 2023 were Germany ($256k), Curaçao ($216k), and Malaysia ($109k).

Latest Trends

Jan 2025

Subnational Monthly Trade

View
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 Navigation Equipment. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2023)$788k
IMPORTS (2023)$4.02M
NET TRADE (2023)-$3.23M

In 2023, Armenia exported $788k in Navigation Equipment. The main destinations of Armenia exports on Navigation Equipment were Russia ($718k), Singapore ($27.9k), Estonia ($10.8k), Germany ($7.53k), and Lithuania ($5.5k).

In 2023, Armenia imported $4.02M in Navigation Equipment, mainly from China ($1.3M), Russia ($427k), Germany ($384k), Switzerland ($344k), and Austria ($297k).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Navigation Equipment EXPORT MARKETS FOR Armenia WERE (2022 - 2023):
Singapore$27.9k (1%)
Estonia$10.8k (1%)
Germany$5.06k (205%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Navigation Equipment BY Armenia WERE (2022 - 2023):
Russia-$1.05M (-59.5%)
Belgium-$154k (-100%)
Switzerland-$19.4k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Armenia's main exporting competitors in Navigation Equipment were:
In 2023, Armenia's main importing competitors in Navigation Equipment were:

Explore Visualizations

Trade Value of Navigation Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALBelgium+ $93.5k
TOP IMPORT POTENTIALChina+ $595k

Navigation Equipment’s highest export potential is Belgium. With an export gap of $93.5k.   Navigation Equipment’s highest import potential is China with an import gap of $595k.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with