2023
Exports
$543kWorld Rnk 75 / 180
Flag Rnk 342 / 973
2023
PRODUCT COMPLEXITY IN Precious Metal Watches
0.62Rnk 321 / 1025
2023
Imports
$3.29MWorld Rnk 91 / 210
Flag Rnk 384 / 1135
2023
ECONOMIC COMPLEXITY of Armenia
0.094Rnk 57 / 132

About

Exports In 2023, Armenia exported $543k in Precious Metal Watches, making it the 75th largest exporter of Precious Metal Watches in the world. At the same year, Precious Metal Watches was the 342nd most exported product in Armenia. The main destination of Precious Metal Watches exports from Armenia are: Turkmenistan ($259k), Tajikistan ($105k), Russia ($71.4k), Italy ($41.8k), and Kazakhstan ($22.6k).

The fastest growing export markets for Precious Metal Watches of Armenia between 2022 and 2023 were Turkmenistan ($163k), Russia ($67.9k), and Italy ($41.8k).

Imports In 2023, Armenia imported $3.29M in Precious Metal Watches, becoming the 91st largest importer of Precious Metal Watches in the world. At the same year, Precious Metal Watches was the 384th most imported product in Armenia. Armenia imports Precious Metal Watches primarily from: Switzerland ($1.67M), France ($1.01M), Italy ($381k), Russia ($107k), and Austria ($47.1k).

The fastest growing import markets in Precious Metal Watches for Armenia between 2022 and 2023 were France ($349k), Switzerland ($252k), and Italy ($165k).

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 Precious Metal Watches. 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)$543k
IMPORTS (2023)$3.29M
NET TRADE (2023)-$2.75M

In 2023, Armenia exported $543k in Precious Metal Watches. The main destinations of Armenia exports on Precious Metal Watches were Turkmenistan ($259k), Tajikistan ($105k), Russia ($71.4k), Italy ($41.8k), and Kazakhstan ($22.6k).

In 2023, Armenia imported $3.29M in Precious Metal Watches, mainly from Switzerland ($1.67M), France ($1.01M), Italy ($381k), Russia ($107k), and Austria ($47.1k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Precious Metal Watches EXPORT MARKETS FOR Armenia WERE (2022 - 2023):
Turkmenistan$163k (171%)
Russia$67.9k (1.93k%)
Italy$41.8k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Metal Watches BY Armenia WERE (2022 - 2023):
Switzerland-$156k (-87.8%)
Tajikistan-$76.4k (-42.1%)
Kazakhstan-$35.9k (-61.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Armenia's main exporting competitors in Precious Metal Watches were:
In 2023, Armenia's main importing competitors in Precious Metal Watches were:

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Trade Value of Precious Metal Watches by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSwitzerland+ $78.7k
TOP IMPORT POTENTIALSwitzerland+ $431k

Precious Metal Watches’s highest export potential is Switzerland. With an export gap of $78.7k.   Precious Metal Watches’s highest import potential is Switzerland with an import gap of $431k.

See methodology.

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