2023
Exports
$6.59MWorld Rnk 43 / 178
Flag Rnk 106 / 973
2023
PRODUCT COMPLEXITY IN Other Mineral
-1.39Rnk 923 / 1025
2023
Imports
$287kWorld Rnk 110 / 202
Flag Rnk 789 / 1135
2023
ECONOMIC COMPLEXITY of Armenia
0.094Rnk 57 / 132

About

Exports In 2023, Armenia exported $6.59M in Other Mineral, making it the 43rd largest exporter of Other Mineral in the world. At the same year, Other Mineral was the 106th most exported product in Armenia. The main destination of Other Mineral exports from Armenia are: Russia ($5.95M), United Arab Emirates ($564k), Thailand ($33.7k), Belgium ($9.97k), and Austria ($8.69k).

The fastest growing export markets for Other Mineral of Armenia between 2022 and 2023 were Russia ($2.78M), United Arab Emirates ($192k), and Thailand ($33.7k).

Imports In 2023, Armenia imported $287k in Other Mineral, becoming the 110th largest importer of Other Mineral in the world. At the same year, Other Mineral was the 789th most imported product in Armenia. Armenia imports Other Mineral primarily from: Germany ($253k), Russia ($18.7k), Belgium ($5.68k), Georgia ($3.02k), and France ($2.79k).

The fastest growing import markets in Other Mineral for Armenia between 2022 and 2023 were Belgium ($4.9k), Georgia ($1.34k), and France ($1.02k).

Latest Trends

Jan 2025

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 Other Mineral. 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 (2023)$6.59M
IMPORTS (2023)$287k
NET TRADE (2023)$6.3M

In 2023, Armenia exported $6.59M in Other Mineral. The main destinations of Armenia exports on Other Mineral were Russia ($5.95M), United Arab Emirates ($564k), Thailand ($33.7k), Belgium ($9.97k), and Austria ($8.69k).

In 2023, Armenia imported $287k in Other Mineral, mainly from Germany ($253k), Russia ($18.7k), Belgium ($5.68k), Georgia ($3.02k), and France ($2.79k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Other Mineral EXPORT MARKETS FOR Armenia WERE (2022 - 2023):
Russia$2.78M (87.8%)
Thailand$33.7k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Mineral BY Armenia WERE (2022 - 2023):
Belgium-$25.2k (-71.7%)
United States-$19k (-100%)
Hong Kong-$8.17k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Armenia's main exporting competitors in Other Mineral were:
In 2023, Armenia's main importing competitors in Other Mineral were:

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Trade Value of Other Mineral by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $53.1k
TOP IMPORT POTENTIALRussia+ $18.7k

Other Mineral’s highest export potential is United States. With an export gap of $53.1k.   Other Mineral’s highest import potential is Russia with an import gap of $18.7k.

See methodology.

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