2022
Exports
$11.6MWorld Rnk 60 / 224
Flag Rnk 60 / 945
2022
PRODUCT COMPLEXITY IN Other Rubber Products
0.54Rnk 353 / 1025
2022
Imports
$11.7MWorld Rnk 104 / 225
Flag Rnk 159 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $11.6M in Other Rubber Products, making it the 60th largest exporter of Other Rubber Products in the world. At the same year, Other Rubber Products was the 60th most exported product in Armenia. The main destination of Other Rubber Products exports from Armenia are: Russia ($10.6M), Belarus ($772k), Georgia ($104k), Italy ($39.8k), and United Arab Emirates ($15.1k).

The fastest growing export markets for Other Rubber Products of Armenia between 2021 and 2022 were Russia ($8.72M), Belarus ($760k), and Italy ($39.8k).

Imports In 2022, Armenia imported $11.7M in Other Rubber Products, becoming the 104th largest importer of Other Rubber Products in the world. At the same year, Other Rubber Products was the 159th most imported product in Armenia. Armenia imports Other Rubber Products primarily from: China ($2.16M), Germany ($1.6M), Russia ($1.37M), Japan ($821k), and Lithuania ($653k).

The fastest growing import markets in Other Rubber Products for Armenia between 2021 and 2022 were Germany ($970k), Lithuania ($649k), and Poland ($574k).

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 Other Rubber Products. 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)$11.6M
IMPORTS (2022)$11.7M
NET TRADE (2022)-$72.2k

In 2022, Armenia exported $11.6M in Other Rubber Products. The main destinations of Armenia exports on Other Rubber Products were Russia ($10.6M), Belarus ($772k), Georgia ($104k), Italy ($39.8k), and United Arab Emirates ($15.1k).

In 2022, Armenia imported $11.7M in Other Rubber Products, mainly from China ($2.16M), Germany ($1.6M), Russia ($1.37M), Japan ($821k), and Lithuania ($653k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Rubber Products EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
Russia$8.72M (452%)
Belarus$760k (6.27k%)
Italy$39.8k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Rubber Products BY Armenia WERE (2021 - 2022):
Georgia-$127k (-54.8%)
Indonesia-$688 (-100%)
Seychelles-$500 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Armenia's main exporting competitors in Other Rubber Products were:
In 2022, Armenia's main importing competitors in Other Rubber Products were:

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Trade Value of Other Rubber Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALItaly+ $140k
TOP IMPORT POTENTIALChina+ $1.47M

Other Rubber Products’s highest export potential is Italy. With an export gap of $140k.   Other Rubber Products’s highest import potential is China with an import gap of $1.47M.

See methodology.

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