2022
Exports | Imports
$2.28M | $5.62MWorld Rnk 54 / 159
Flag Rnk 167 / 945
World Rnk 79 / 209
Flag Rnk 253 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
-0.24Rnk 74 / 124
2022
PRODUCT COMPLEXITY IN Electric Furnaces
1.25Rnk 94 / 1025

About

Exports In 2022, Armenia exported $2.28M in Electric Furnaces, making it the 54th largest exporter of Electric Furnaces in the world. At the same year, Electric Furnaces was the 167th most exported product in Armenia. The main destination of Electric Furnaces exports from Armenia are: Netherlands ($1.28M), Russia ($917k), Italy ($25.5k), Germany ($13.6k), and Ukraine ($10.6k).

The fastest growing export markets for Electric Furnaces of Armenia between 2021 and 2022 were Netherlands ($1.28M), Russia ($80.6k), and Italy ($25.5k).

Imports In 2022, Armenia imported $5.62M in Electric Furnaces, becoming the 79th largest importer of Electric Furnaces in the world. At the same year, Electric Furnaces was the 253rd most imported product in Armenia. Armenia imports Electric Furnaces primarily from: Italy ($1.85M), China ($919k), India ($780k), Germany ($556k), and Russia ($353k).

The fastest growing import markets in Electric Furnaces for Armenia between 2021 and 2022 were Italy ($1.18M), India ($778k), and Germany ($353k).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Electric Furnaces from Armenia to the United States.

Latest Trends

Feb 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 Electric Furnaces. 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)$2.28M
IMPORTS (2022)$5.62M
NET TRADE (2022)-$3.34M

In 2022, Armenia exported $2.28M in Electric Furnaces. The main destinations of Armenia exports on Electric Furnaces were Netherlands ($1.28M), Russia ($917k), Italy ($25.5k), Germany ($13.6k), and Ukraine ($10.6k).

In 2022, Armenia imported $5.62M in Electric Furnaces, mainly from Italy ($1.85M), China ($919k), India ($780k), Germany ($556k), and Russia ($353k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Furnaces EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
Netherlands$1.28M (1%)
Russia$80.6k (9.64%)
Italy$25.5k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Furnaces BY Armenia WERE (2021 - 2022):
Indonesia-$16.6k (-100%)
Ukraine-$6.7k (-38.7%)
Kazakhstan-$4.92k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Armenia's main exporting competitors in Electric Furnaces were:
China $1.22B
Italy $722M
In 2022, Armenia's main importing competitors in Electric Furnaces were:

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Trade Value of Electric Furnaces by Exporters

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