2022
Exports
$345kWorld Rnk 75 / 170
Flag Rnk 374 / 945
2022
PRODUCT COMPLEXITY IN Utility Meters
0.046Rnk 536 / 1025
2022
Imports
$5.04MWorld Rnk 114 / 219
Flag Rnk 274 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $345k in Utility Meters, making it the 75th largest exporter of Utility Meters in the world. At the same year, Utility Meters was the 374th most exported product in Armenia. The main destination of Utility Meters exports from Armenia are: Russia ($240k), Kazakhstan ($93.7k), Latvia ($11.3k), and Germany ($100).

The fastest growing export markets for Utility Meters of Armenia between 2021 and 2022 were Latvia ($11.3k) and Germany ($100).

Imports In 2022, Armenia imported $5.04M in Utility Meters, becoming the 114th largest importer of Utility Meters in the world. At the same year, Utility Meters was the 274th most imported product in Armenia. Armenia imports Utility Meters primarily from: Spain ($1.29M), Iran ($828k), Russia ($812k), Poland ($724k), and China ($443k).

The fastest growing import markets in Utility Meters for Armenia between 2021 and 2022 were Poland ($700k), China ($356k), and Iran ($275k).

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 Utility Meters. 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)$345k
IMPORTS (2022)$5.04M
NET TRADE (2022)-$4.7M

In 2022, Armenia exported $345k in Utility Meters. The main destinations of Armenia exports on Utility Meters were Russia ($240k), Kazakhstan ($93.7k), Latvia ($11.3k), and Germany ($100).

In 2022, Armenia imported $5.04M in Utility Meters, mainly from Spain ($1.29M), Iran ($828k), Russia ($812k), Poland ($724k), and China ($443k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Utility Meters EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
Latvia$11.3k (1%)
Germany$100 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Utility Meters BY Armenia WERE (2021 - 2022):
Kazakhstan-$359k (-79.3%)
Russia-$26.8k (-10.1%)
Ukraine-$21.1k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Armenia's main exporting competitors in Utility Meters were:
In 2022, Armenia's main importing competitors in Utility Meters were:

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Trade Value of Utility Meters by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALRussia+ $46.9k
TOP IMPORT POTENTIALChina+ $405k

Utility Meters’s highest export potential is Russia. With an export gap of $46.9k.   Utility Meters’s highest import potential is China with an import gap of $405k.

See methodology.

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