2022
Exports
$142kWorld Rnk 84 / 144
Flag Rnk 505 / 945
2022
PRODUCT COMPLEXITY IN Locomotive Parts
0.82Rnk 237 / 1025
2022
Imports
$450kWorld Rnk 116 / 200
Flag Rnk 705 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $142k in Locomotive Parts, making it the 84th largest exporter of Locomotive Parts in the world. At the same year, Locomotive Parts was the 505th most exported product in Armenia. The main destination of Locomotive Parts exports from Armenia are: Iran ($97.5k), Georgia ($43.4k), and Germany ($1.63k).

The fastest growing export markets for Locomotive Parts of Armenia between 2021 and 2022 were Iran ($78.1k), Georgia ($9.02k), and Germany ($1.63k).

Imports In 2022, Armenia imported $450k in Locomotive Parts, becoming the 116th largest importer of Locomotive Parts in the world. At the same year, Locomotive Parts was the 705th most imported product in Armenia. Armenia imports Locomotive Parts primarily from: Lithuania ($308k), United States ($55.8k), Georgia ($50.5k), Russia ($21.8k), and Italy ($12.4k).

The fastest growing import markets in Locomotive Parts for Armenia between 2021 and 2022 were Lithuania ($308k), United States ($55.8k), and Georgia ($50.5k).

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 Locomotive Parts. 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)$142k
IMPORTS (2022)$450k
NET TRADE (2022)-$308k

In 2022, Armenia exported $142k in Locomotive Parts. The main destinations of Armenia exports on Locomotive Parts were Iran ($97.5k), Georgia ($43.4k), and Germany ($1.63k).

In 2022, Armenia imported $450k in Locomotive Parts, mainly from Lithuania ($308k), United States ($55.8k), Georgia ($50.5k), Russia ($21.8k), and Italy ($12.4k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Locomotive Parts EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
Iran$78.1k (402%)
Georgia$9.02k (26.3%)
Germany$1.63k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Locomotive Parts BY Armenia WERE (2021 - 2022):Russia-$466k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Armenia's main exporting competitors in Locomotive Parts were:
In 2022, Armenia's main importing competitors in Locomotive Parts were:

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Trade Value of Locomotive Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIran+ $28.5k
TOP IMPORT POTENTIALUnited States+ $58.6k

Locomotive Parts’s highest export potential is Iran. With an export gap of $28.5k.   Locomotive Parts’s highest import potential is United States with an import gap of $58.6k.

See methodology.

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