2022
Exports
$8.84MWorld Rnk 66 / 207
Flag Rnk 72 / 945
2022
PRODUCT COMPLEXITY IN Orthopedic Appliances
0.98Rnk 180 / 1025
2022
Imports
$33MWorld Rnk 79 / 221
Flag Rnk 46 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $8.84M in Orthopedic Appliances, making it the 66th largest exporter of Orthopedic Appliances in the world. At the same year, Orthopedic Appliances was the 72nd most exported product in Armenia. The main destination of Orthopedic Appliances exports from Armenia are: Russia ($8.01M), China ($588k), Mongolia ($80.8k), Georgia ($39.2k), and Uzbekistan ($30.9k).

The fastest growing export markets for Orthopedic Appliances of Armenia between 2021 and 2022 were Russia ($6.59M), China ($588k), and Mongolia ($73.8k).

Imports In 2022, Armenia imported $33M in Orthopedic Appliances, becoming the 79th largest importer of Orthopedic Appliances in the world. At the same year, Orthopedic Appliances was the 46th most imported product in Armenia. Armenia imports Orthopedic Appliances primarily from: Germany ($5.86M), Ireland ($4.13M), Netherlands ($3.33M), United States ($2.1M), and South Korea ($1.85M).

The fastest growing import markets in Orthopedic Appliances for Armenia between 2021 and 2022 were Ireland ($2.68M), Netherlands ($2.1M), and Germany ($1.43M).

Latest Trends

Sep 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 Orthopedic Appliances. 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)$8.84M
IMPORTS (2022)$33M
NET TRADE (2022)-$24.1M

In 2022, Armenia exported $8.84M in Orthopedic Appliances. The main destinations of Armenia exports on Orthopedic Appliances were Russia ($8.01M), China ($588k), Mongolia ($80.8k), Georgia ($39.2k), and Uzbekistan ($30.9k).

In 2022, Armenia imported $33M in Orthopedic Appliances, mainly from Germany ($5.86M), Ireland ($4.13M), Netherlands ($3.33M), United States ($2.1M), and South Korea ($1.85M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Orthopedic Appliances EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
Russia$6.59M (464%)
China$588k (1%)
Mongolia$73.8k (1.06k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Orthopedic Appliances BY Armenia WERE (2021 - 2022):
Germany-$39.8k (-92.9%)
United Arab Emirates-$31k (-97.1%)
Georgia-$26.5k (-40.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Armenia's main exporting competitors in Orthopedic Appliances were:
In 2022, Armenia's main importing competitors in Orthopedic Appliances were:

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Trade Value of Orthopedic Appliances by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALChina+ $1.06M
TOP IMPORT POTENTIALUnited States+ $1.82M

Orthopedic Appliances’s highest export potential is China. With an export gap of $1.06M.   Orthopedic Appliances’s highest import potential is United States with an import gap of $1.82M.

See methodology.

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