2022
Exports
$7.02MWorld Rnk 77 / 203
Flag Rnk 80 / 945
2022
PRODUCT COMPLEXITY IN Rubber Tires
0.16Rnk 500 / 1025
2022
Imports
$49.3MWorld Rnk 120 / 225
Flag Rnk 23 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $7.02M in Rubber Tires, making it the 77th largest exporter of Rubber Tires in the world. At the same year, Rubber Tires was the 80th most exported product in Armenia. The main destination of Rubber Tires exports from Armenia are: Russia ($4.48M), Kyrgyzstan ($1.08M), Georgia ($974k), South Africa ($490k), and United Arab Emirates ($501).

The fastest growing export markets for Rubber Tires of Armenia between 2021 and 2022 were Russia ($4.47M), Kyrgyzstan ($1.08M), and Georgia ($952k).

Imports In 2022, Armenia imported $49.3M in Rubber Tires, becoming the 120th largest importer of Rubber Tires in the world. At the same year, Rubber Tires was the 23rd most imported product in Armenia. Armenia imports Rubber Tires primarily from: China ($24.5M), Russia ($10M), Spain ($3.12M), Japan ($3.12M), and Vietnam ($1.33M).

The fastest growing import markets in Rubber Tires for Armenia between 2021 and 2022 were China ($8.62M), Spain ($2.91M), and Vietnam ($999k).

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 Tires. 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)$7.02M
IMPORTS (2022)$49.3M
NET TRADE (2022)-$42.3M

In 2022, Armenia exported $7.02M in Rubber Tires. The main destinations of Armenia exports on Rubber Tires were Russia ($4.48M), Kyrgyzstan ($1.08M), Georgia ($974k), South Africa ($490k), and United Arab Emirates ($501).

In 2022, Armenia imported $49.3M in Rubber Tires, mainly from China ($24.5M), Russia ($10M), Spain ($3.12M), Japan ($3.12M), and Vietnam ($1.33M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rubber Tires EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
Russia$4.47M (60.2k%)
Kyrgyzstan$1.08M (1%)
Georgia$952k (4.25k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rubber Tires BY Armenia WERE (2021 - 2022):
Belarus-$38.4k (-100%)
United Arab Emirates-$21.8k (-97.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Rubber Tires by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALRussia+ $726k
TOP IMPORT POTENTIALChina+ $4.93M

Rubber Tires’s highest export potential is Russia. With an export gap of $726k.   Rubber Tires’s highest import potential is China with an import gap of $4.93M.

See methodology.

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