2022
Exports
$43kWorld Rnk 94 / 184
Flag Rnk 641 / 945
2022
PRODUCT COMPLEXITY IN Tool Sets
0.9Rnk 208 / 1025
2022
Imports
$517kWorld Rnk 133 / 218
Flag Rnk 682 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $43k in Tool Sets, making it the 94th largest exporter of Tool Sets in the world. At the same year, Tool Sets was the 641st most exported product in Armenia. The main destination of Tool Sets exports from Armenia are: Russia ($30.9k), Romania ($9.2k), Italy ($1.3k), United Arab Emirates ($516), and Denmark ($516).

The fastest growing export markets for Tool Sets of Armenia between 2021 and 2022 were Russia ($15.3k), Romania ($9.2k), and Italy ($1.3k).

Imports In 2022, Armenia imported $517k in Tool Sets, becoming the 133rd largest importer of Tool Sets in the world. At the same year, Tool Sets was the 682nd most imported product in Armenia. Armenia imports Tool Sets primarily from: China ($204k), Russia ($72.5k), France ($72.2k), Germany ($59.7k), and Switzerland ($56.2k).

The fastest growing import markets in Tool Sets for Armenia between 2021 and 2022 were France ($71.2k), Switzerland ($56k), and Germany ($53.2k).

Latest Trends

Sep 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 Tool Sets. 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)$43k
IMPORTS (2022)$517k
NET TRADE (2022)-$474k

In 2022, Armenia exported $43k in Tool Sets. The main destinations of Armenia exports on Tool Sets were Russia ($30.9k), Romania ($9.2k), Italy ($1.3k), United Arab Emirates ($516), and Denmark ($516).

In 2022, Armenia imported $517k in Tool Sets, mainly from China ($204k), Russia ($72.5k), France ($72.2k), Germany ($59.7k), and Switzerland ($56.2k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tool Sets EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
Russia$15.3k (97.5%)
Romania$9.2k (1%)
Italy$1.3k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tool Sets BY Armenia WERE (2021 - 2022):
Georgia-$14.8k (-99.8%)
Ukraine-$1.35k (-100%)
Austria-$103 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Armenia's main exporting competitors in Tool Sets were:
In 2022, Armenia's main importing competitors in Tool Sets were:

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Trade Value of Tool Sets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALRussia+ $10.6k
TOP IMPORT POTENTIALChina+ $95.2k

Tool Sets’s highest export potential is Russia. With an export gap of $10.6k.   Tool Sets’s highest import potential is China with an import gap of $95.2k.

See methodology.

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