2023
Exports
$187kWorld Rnk 40 / 82
Flag Rnk 485 / 973
2023
PRODUCT COMPLEXITY IN Rare-Earth Metal Compounds
0.67Rnk 297 / 1025
2023
Imports
$130kWorld Rnk 59 / 146
Flag Rnk 892 / 1135
2023
ECONOMIC COMPLEXITY of Armenia
0.094Rnk 57 / 132

About

Exports In 2023, Armenia exported $187k in Rare-Earth Metal Compounds, making it the 40th largest exporter of Rare-Earth Metal Compounds in the world. At the same year, Rare-Earth Metal Compounds was the 485th most exported product in Armenia. The main destination of Rare-Earth Metal Compounds exports from Armenia are: Russia ($98.1k), United States ($71.7k), Finland ($10.7k), Japan ($4.31k), and United Kingdom ($1.81k).

The fastest growing export markets for Rare-Earth Metal Compounds of Armenia between 2022 and 2023 were Russia ($74.7k), United States ($70.5k), and Finland ($10.7k).

Imports In 2023, Armenia imported $130k in Rare-Earth Metal Compounds, becoming the 59th largest importer of Rare-Earth Metal Compounds in the world. At the same year, Rare-Earth Metal Compounds was the 892nd most imported product in Armenia. Armenia imports Rare-Earth Metal Compounds primarily from: Curaçao ($69k), Germany ($57.2k), United States ($1.51k), India ($1.51k), and France ($434).

The fastest growing import markets in Rare-Earth Metal Compounds for Armenia between 2022 and 2023 were Curaçao ($68k), Germany ($52.7k), and India ($1.51k).

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 Rare-Earth Metal Compounds. 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)$187k
IMPORTS (2023)$130k
NET TRADE (2023)$56.9k

In 2023, Armenia exported $187k in Rare-Earth Metal Compounds. The main destinations of Armenia exports on Rare-Earth Metal Compounds were Russia ($98.1k), United States ($71.7k), Finland ($10.7k), Japan ($4.31k), and United Kingdom ($1.81k).

In 2023, Armenia imported $130k in Rare-Earth Metal Compounds, mainly from Curaçao ($69k), Germany ($57.2k), United States ($1.51k), India ($1.51k), and France ($434).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Rare-Earth Metal Compounds EXPORT MARKETS FOR Armenia WERE (2022 - 2023):
Russia$74.7k (318%)
United States$70.5k (5.96k%)
Finland$10.7k (1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Armenia's main exporting competitors in Rare-Earth Metal Compounds were:
Burma $1.44B
China $513M
In 2023, Armenia's main importing competitors in Rare-Earth Metal Compounds were:
China $1.98B
Japan $478M

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Trade Value of Rare-Earth Metal Compounds by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $4.03k
TOP IMPORT POTENTIALChina+ $7.6k

Rare-Earth Metal Compounds’s highest export potential is United States. With an export gap of $4.03k.   Rare-Earth Metal Compounds’s highest import potential is China with an import gap of $7.6k.

See methodology.

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