2022
Exports
$338World Rnk 98 / 104
Flag Rnk 894 / 945
2022
Imports
$372kWorld Rnk 90 / 185
Flag Rnk 735 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $338 in Nitric Acids, making it the 98th largest exporter of Nitric Acids in the world. At the same year, Nitric Acids was the 894th most exported product in Armenia. The main destination of Nitric Acids exports from Armenia are: Russia ($338).

The fastest growing export markets for Nitric Acids of Armenia between N/A and 2022 were Russia ($338).

Imports In 2022, Armenia imported $372k in Nitric Acids, becoming the 90th largest importer of Nitric Acids in the world. At the same year, Nitric Acids was the 735th most imported product in Armenia. Armenia imports Nitric Acids primarily from: Iran ($304k), Belgium ($32.8k), Russia ($30.3k), France ($4.47k), and Germany ($533).

The fastest growing import markets in Nitric Acids for Armenia between 2021 and 2022 were Iran ($144k), Belgium ($19.8k), and Russia ($17k).

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 Nitric Acids. 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)$338
IMPORTS (2022)$372k
NET TRADE (2022)-$372k

In 2022, Armenia exported $338 in Nitric Acids. The main destinations of Armenia exports on Nitric Acids were Russia ($338).

In 2022, Armenia imported $372k in Nitric Acids, mainly from Iran ($304k), Belgium ($32.8k), Russia ($30.3k), France ($4.47k), and Germany ($533).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Nitric Acids EXPORT MARKETS FOR Armenia WERE (N/A - 2022):Russia$338 (1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Armenia's main exporting competitors in Nitric Acids were:
In 2022, Armenia's main importing competitors in Nitric Acids were:
Germany $83.3M
France $64.3M
Japan $47.6M

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Trade Value of Nitric Acids by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALGermany+ $370
TOP IMPORT POTENTIALBelgium+ $14.1k

Nitric Acids’s highest export potential is Germany. With an export gap of $370.   Nitric Acids’s highest import potential is Belgium with an import gap of $14.1k.

See methodology.

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