2022
Exports
$21.6MWorld Rnk 62 / 140
Flag Rnk 31 / 945
2022
PRODUCT COMPLEXITY IN Refined Copper
-1.43Rnk 938 / 1025
2022
Imports
$154kWorld Rnk 118 / 184
Flag Rnk 862 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $21.6M in Refined Copper, making it the 62nd largest exporter of Refined Copper in the world. At the same year, Refined Copper was the 31st most exported product in Armenia. The main destination of Refined Copper exports from Armenia are: Hong Kong ($6.55M), China ($6.39M), Lithuania ($5.39M), United States ($2.33M), and United Kingdom ($537k).

The fastest growing export markets for Refined Copper of Armenia between 2021 and 2022 were China ($6.05M), Hong Kong ($5.54M), and Lithuania ($4.67M).

Imports In 2022, Armenia imported $154k in Refined Copper, becoming the 118th largest importer of Refined Copper in the world. At the same year, Refined Copper was the 862nd most imported product in Armenia. Armenia imports Refined Copper primarily from: Russia ($72.3k), Italy ($62.7k), Argentina ($10.8k), Georgia ($5.84k), and Bulgaria ($2.37k).

The fastest growing import markets in Refined Copper for Armenia between 2021 and 2022 were Italy ($26.6k), Argentina ($10.8k), and Georgia ($5.84k).

Latest Trends

Jul 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 Refined Copper. 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)$21.6M
IMPORTS (2022)$154k
NET TRADE (2022)$21.5M

In 2022, Armenia exported $21.6M in Refined Copper. The main destinations of Armenia exports on Refined Copper were Hong Kong ($6.55M), China ($6.39M), Lithuania ($5.39M), United States ($2.33M), and United Kingdom ($537k).

In 2022, Armenia imported $154k in Refined Copper, mainly from Russia ($72.3k), Italy ($62.7k), Argentina ($10.8k), Georgia ($5.84k), and Bulgaria ($2.37k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Refined Copper EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
China$6.05M (1.78k%)
Hong Kong$5.54M (552%)
Lithuania$4.67M (651%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Copper BY Armenia WERE (2021 - 2022):Poland-$151k (-44.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Armenia's main exporting competitors in Refined Copper were:
In 2022, Armenia's main importing competitors in Refined Copper were:

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Trade Value of Refined Copper by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $11.4M
TOP IMPORT POTENTIALRussia+ $79.2k

Refined Copper’s highest export potential is China. With an export gap of $11.4M.   Refined Copper’s highest import potential is Russia with an import gap of $79.2k.

See methodology.

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