2022
Exports
$50.2kWorld Rnk 78 / 155
Flag Rnk 621 / 945
2022
PRODUCT COMPLEXITY IN Safes
0.76Rnk 261 / 1025
2022
Imports
$767kWorld Rnk 100 / 216
Flag Rnk 599 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $50.2k in Safes, making it the 78th largest exporter of Safes in the world. At the same year, Safes was the 621st most exported product in Armenia. The main destination of Safes exports from Armenia are: Moldova ($48.5k) and Russia ($1.68k).

The fastest growing export markets for Safes of Armenia between 2021 and 2022 were Moldova ($48.5k) and Russia ($1.68k).

Imports In 2022, Armenia imported $767k in Safes, becoming the 100th largest importer of Safes in the world. At the same year, Safes was the 599th most imported product in Armenia. Armenia imports Safes primarily from: Russia ($293k), China ($140k), Netherlands ($136k), Poland ($32.6k), and Mexico ($29.6k).

The fastest growing import markets in Safes for Armenia between 2021 and 2022 were Russia ($249k), Netherlands ($132k), and China ($49k).

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 Safes. 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)$50.2k
IMPORTS (2022)$767k
NET TRADE (2022)-$717k

In 2022, Armenia exported $50.2k in Safes. The main destinations of Armenia exports on Safes were Moldova ($48.5k) and Russia ($1.68k).

In 2022, Armenia imported $767k in Safes, mainly from Russia ($293k), China ($140k), Netherlands ($136k), Poland ($32.6k), and Mexico ($29.6k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Safes EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
Moldova$48.5k (1%)
Russia$1.68k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Safes BY Armenia WERE (2021 - 2022):
Germany-$19.6k (-100%)
Seychelles-$320 (-100%)
Georgia-$289 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Safes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALRussia+ $2.28k
TOP IMPORT POTENTIALChina+ $119k

Safes’s highest export potential is Russia. With an export gap of $2.28k.   Safes’s highest import potential is China with an import gap of $119k.

See methodology.

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