2023
Exports
$37.5MWorld Rnk 27 / 164
Flag Rnk 23 / 973
2023
PRODUCT COMPLEXITY IN Precious Stones
-1.29Rnk 897 / 1025
2023
Imports
$38.4MWorld Rnk 19 / 184
Flag Rnk 54 / 1135
2023
ECONOMIC COMPLEXITY of Armenia
0.094Rnk 57 / 132

About

Exports In 2023, Armenia exported $37.5M in Precious Stones, making it the 27th largest exporter of Precious Stones in the world. At the same year, Precious Stones was the 23rd most exported product in Armenia. The main destination of Precious Stones exports from Armenia are: Russia ($30.1M), United States ($2.8M), Hong Kong ($2.58M), China ($1.32M), and Italy ($321k).

The fastest growing export markets for Precious Stones of Armenia between 2022 and 2023 were Russia ($9.9M), Hong Kong ($2.5M), and United States ($2.07M).

Imports In 2023, Armenia imported $38.4M in Precious Stones, becoming the 19th largest importer of Precious Stones in the world. At the same year, Precious Stones was the 54th most imported product in Armenia. Armenia imports Precious Stones primarily from: Thailand ($10.1M), India ($9.27M), China ($7.56M), United Arab Emirates ($7.34M), and Israel ($1.55M).

The fastest growing import markets in Precious Stones for Armenia between 2022 and 2023 were United Arab Emirates ($7.23M), India ($4.23M), and China ($2.78M).

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 Precious Stones. 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)$37.5M
IMPORTS (2023)$38.4M
NET TRADE (2023)-$874k

In 2023, Armenia exported $37.5M in Precious Stones. The main destinations of Armenia exports on Precious Stones were Russia ($30.1M), United States ($2.8M), Hong Kong ($2.58M), China ($1.32M), and Italy ($321k).

In 2023, Armenia imported $38.4M in Precious Stones, mainly from Thailand ($10.1M), India ($9.27M), China ($7.56M), United Arab Emirates ($7.34M), and Israel ($1.55M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Precious Stones EXPORT MARKETS FOR Armenia WERE (2022 - 2023):
Russia$9.9M (49.1%)
Hong Kong$2.5M (3.16k%)
United States$2.07M (283%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Stones BY Armenia WERE (2022 - 2023):
Belarus-$627k (-99.7%)
Germany-$84.3k (-47.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Precious Stones by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.45M
TOP IMPORT POTENTIALIndia+ $509k

Precious Stones’s highest export potential is China. With an export gap of $1.45M.   Precious Stones’s highest import potential is India with an import gap of $509k.

See methodology.

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