2022
Exports
$1.1BWorld Rnk 67 / 220
Flag Rnk 1 / 96
2022
PRODUCT COMPLEXITY IN Precious stones, metals, & pearls
0.58Rnk 328 / 1025
2022
Imports
$710MWorld Rnk 48 / 225
Flag Rnk 6 / 96
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $1.1B in Precious stones, metals, & pearls, making it the 67th largest exporter of Precious stones, metals, & pearls in the world. At the same year, Precious stones, metals, & pearls was the 1st most exported product in Armenia. The main destination of Precious stones, metals, & pearls exports from Armenia are: United Arab Emirates ($498M), Russia ($204M), India ($195M), Turkey ($60.6M), and Belgium ($41.6M).

The fastest growing export markets for Precious stones, metals, & pearls of Armenia between 2021 and 2022 were United Arab Emirates ($464M), Russia ($139M), and Turkey ($60.4M).

Imports In 2022, Armenia imported $710M in Precious stones, metals, & pearls, becoming the 48th largest importer of Precious stones, metals, & pearls in the world. At the same year, Precious stones, metals, & pearls was the 6th most imported product in Armenia. Armenia imports Precious stones, metals, & pearls primarily from: Russia ($396M), India ($87.4M), Hong Kong ($76M), United Arab Emirates ($33.9M), and Belgium ($28.4M).

The fastest growing import markets in Precious stones, metals, & pearls for Armenia between 2021 and 2022 were Russia ($334M), India ($67.8M), and Hong Kong ($64.4M).

Latest Trends

Oct 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 stones, metals, & pearls. 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)$1.1B
IMPORTS (2022)$710M
NET TRADE (2022)$385M

In 2022, Armenia exported $1.1B in Precious stones, metals, & pearls. The main destinations of Armenia exports on Precious stones, metals, & pearls were United Arab Emirates ($498M), Russia ($204M), India ($195M), Turkey ($60.6M), and Belgium ($41.6M).

In 2022, Armenia imported $710M in Precious stones, metals, & pearls, mainly from Russia ($396M), India ($87.4M), Hong Kong ($76M), United Arab Emirates ($33.9M), and Belgium ($28.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Precious stones, metals, & pearls EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
United Arab Emirates$464M (1.37k%)
Russia$139M (214%)
Turkey$60.4M (45.1k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious stones, metals, & pearls BY Armenia WERE (2021 - 2022):
India-$52.6M (-21.2%)
Singapore-$455k (-89.1%)
Canada-$422k (-50.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Armenia's main exporting competitors in Precious stones, metals, & pearls were:
In 2022, Armenia's main importing competitors in Precious stones, metals, & pearls were:

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Trade Value of Precious stones, metals, & pearls by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $55.9M
TOP IMPORT POTENTIALIndia+ $20.1M

Precious stones, metals, & pearls’s highest export potential is India. With an export gap of $55.9M.   Precious stones, metals, & pearls’s highest import potential is India with an import gap of $20.1M.

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