2022
Exports
$1.04MWorld Rnk 59 / 202
Flag Rnk 249 / 945
2022
PRODUCT COMPLEXITY IN Rubber Belting
0.48Rnk 373 / 1025
2022
Imports
$4.86MWorld Rnk 112 / 224
Flag Rnk 286 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $1.04M in Rubber Belting, making it the 59th largest exporter of Rubber Belting in the world. At the same year, Rubber Belting was the 249th most exported product in Armenia. The main destination of Rubber Belting exports from Armenia are: Russia ($992k), Belarus ($23k), Georgia ($12.5k), Colombia ($3.16k), and Kazakhstan ($2.37k).

The fastest growing export markets for Rubber Belting of Armenia between 2021 and 2022 were Russia ($797k), Belarus ($23k), and Colombia ($3.16k).

Imports In 2022, Armenia imported $4.86M in Rubber Belting, becoming the 112th largest importer of Rubber Belting in the world. At the same year, Rubber Belting was the 286th most imported product in Armenia. Armenia imports Rubber Belting primarily from: Germany ($829k), China ($736k), Russia ($727k), Belgium ($410k), and Poland ($362k).

The fastest growing import markets in Rubber Belting for Armenia between 2021 and 2022 were Germany ($794k), Poland ($345k), and Belgium ($278k).

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 Rubber Belting. 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)$1.04M
IMPORTS (2022)$4.86M
NET TRADE (2022)-$3.83M

In 2022, Armenia exported $1.04M in Rubber Belting. The main destinations of Armenia exports on Rubber Belting were Russia ($992k), Belarus ($23k), Georgia ($12.5k), Colombia ($3.16k), and Kazakhstan ($2.37k).

In 2022, Armenia imported $4.86M in Rubber Belting, mainly from Germany ($829k), China ($736k), Russia ($727k), Belgium ($410k), and Poland ($362k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rubber Belting EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
Russia$797k (407%)
Belarus$23k (1%)
Colombia$3.16k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rubber Belting BY Armenia WERE (2021 - 2022):
Iran-$28.7k (-100%)
Georgia-$7.38k (-37.1%)
Italy-$272 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Armenia's main exporting competitors in Rubber Belting were:
In 2022, Armenia's main importing competitors in Rubber Belting were:

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Trade Value of Rubber Belting by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGeorgia+ $15.3k
TOP IMPORT POTENTIALChina+ $441k

Rubber Belting’s highest export potential is Georgia. With an export gap of $15.3k.   Rubber Belting’s highest import potential is China with an import gap of $441k.

See methodology.

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