2023
Exports
$192MWorld Rnk 17 / 110
Flag Rnk 12 / 973
2023
PRODUCT COMPLEXITY IN Platinum
0.86Rnk 225 / 1025
2023
Imports
$186MWorld Rnk 19 / 146
Flag Rnk 8 / 1135
2023
ECONOMIC COMPLEXITY of Armenia
0.094Rnk 57 / 132

About

Exports In 2023, Armenia exported $192M in Platinum, making it the 17th largest exporter of Platinum in the world. At the same year, Platinum was the 12th most exported product in Armenia. The main destination of Platinum exports from Armenia are: Hong Kong ($160M), United Arab Emirates ($32.4M), Kazakhstan ($103k), and Russia ($53.3k).

The fastest growing export markets for Platinum of Armenia between 2022 and 2023 were Hong Kong ($160M), United Arab Emirates ($32.4M), and Kazakhstan ($70.3k).

Imports In 2023, Armenia imported $186M in Platinum, becoming the 19th largest importer of Platinum in the world. At the same year, Platinum was the 8th most imported product in Armenia. Armenia imports Platinum primarily from: Russia ($183M), Curaçao ($3.67M), Germany ($5.35k), and United States ($1.98k).

The fastest growing import markets in Platinum for Armenia between 2022 and 2023 were Russia ($182M), Curaçao ($3.67M), and Germany ($4.51k).

Latest Trends

Dec 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 Platinum. 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)$192M
IMPORTS (2023)$186M
NET TRADE (2023)$5.57M

In 2023, Armenia exported $192M in Platinum. The main destinations of Armenia exports on Platinum were Hong Kong ($160M), United Arab Emirates ($32.4M), Kazakhstan ($103k), and Russia ($53.3k).

In 2023, Armenia imported $186M in Platinum, mainly from Russia ($183M), Curaçao ($3.67M), Germany ($5.35k), and United States ($1.98k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Platinum EXPORT MARKETS FOR Armenia WERE (2022 - 2023):
Hong Kong$160M (1%)
Kazakhstan$70.3k (216%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Platinum BY Armenia WERE (2022 - 2023):Russia-$26.3k (-33.1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Platinum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.07k
TOP IMPORT POTENTIALRussia+ $280k

Platinum’s highest export potential is United States. With an export gap of $2.07k.   Platinum’s highest import potential is Russia with an import gap of $280k.

See methodology.

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