2022
Exports
$634kWorld Rnk 87 / 180
Flag Rnk 305 / 945
2022
PRODUCT COMPLEXITY IN Spark-Ignition Engines
1.15Rnk 117 / 1025
2022
Imports
$3.58MWorld Rnk 131 / 222
Flag Rnk 334 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $634k in Spark-Ignition Engines, making it the 87th largest exporter of Spark-Ignition Engines in the world. At the same year, Spark-Ignition Engines was the 305th most exported product in Armenia. The main destination of Spark-Ignition Engines exports from Armenia are: Russia ($346k), Belarus ($272k), and United Arab Emirates ($16.5k).

The fastest growing export markets for Spark-Ignition Engines of Armenia between 2021 and 2022 were Russia ($346k), Belarus ($272k), and United Arab Emirates ($16.5k).

Imports In 2022, Armenia imported $3.58M in Spark-Ignition Engines, becoming the 131st largest importer of Spark-Ignition Engines in the world. At the same year, Spark-Ignition Engines was the 334th most imported product in Armenia. Armenia imports Spark-Ignition Engines primarily from: United Arab Emirates ($1.24M), Japan ($630k), Germany ($543k), United States ($314k), and Lithuania ($229k).

The fastest growing import markets in Spark-Ignition Engines for Armenia between 2021 and 2022 were United Arab Emirates ($1.19M), Germany ($463k), and Japan ($360k).

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 Spark-Ignition Engines. 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)$634k
IMPORTS (2022)$3.58M
NET TRADE (2022)-$2.95M

In 2022, Armenia exported $634k in Spark-Ignition Engines. The main destinations of Armenia exports on Spark-Ignition Engines were Russia ($346k), Belarus ($272k), and United Arab Emirates ($16.5k).

In 2022, Armenia imported $3.58M in Spark-Ignition Engines, mainly from United Arab Emirates ($1.24M), Japan ($630k), Germany ($543k), United States ($314k), and Lithuania ($229k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Spark-Ignition Engines EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
Russia$346k (706k%)
Belarus$272k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Spark-Ignition Engines BY Armenia WERE (2021 - 2022):Georgia-$1.08k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Armenia's main exporting competitors in Spark-Ignition Engines were:
In 2022, Armenia's main importing competitors in Spark-Ignition Engines were:

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Trade Value of Spark-Ignition Engines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALRussia+ $105k
TOP IMPORT POTENTIALJapan+ $373k

Spark-Ignition Engines’s highest export potential is Russia. With an export gap of $105k.   Spark-Ignition Engines’s highest import potential is Japan with an import gap of $373k.

See methodology.

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