2022
Exports
$1.7MWorld Rnk 52 / 124
Flag Rnk 202 / 945
2022
PRODUCT COMPLEXITY IN Central Heating Boilers
0.63Rnk 301 / 1025
2022
Imports
$19.5MWorld Rnk 41 / 192
Flag Rnk 102 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $1.7M in Central Heating Boilers, making it the 52nd largest exporter of Central Heating Boilers in the world. At the same year, Central Heating Boilers was the 202nd most exported product in Armenia. The main destination of Central Heating Boilers exports from Armenia are: Belarus ($1.02M), Russia ($585k), Georgia ($76.4k), Germany ($17.9k), and Italy ($1.11k).

The fastest growing export markets for Central Heating Boilers of Armenia between 2021 and 2022 were Belarus ($1.02M), Russia ($581k), and Germany ($17.9k).

Imports In 2022, Armenia imported $19.5M in Central Heating Boilers, becoming the 41st largest importer of Central Heating Boilers in the world. At the same year, Central Heating Boilers was the 102nd most imported product in Armenia. Armenia imports Central Heating Boilers primarily from: Italy ($8.18M), China ($4.15M), Georgia ($2.26M), Turkey ($1.24M), and Czechia ($1.01M).

The fastest growing import markets in Central Heating Boilers for Armenia between 2021 and 2022 were Georgia ($1.73M), Turkey ($1.24M), and Italy ($1.17M).

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 Central Heating Boilers. 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)$1.7M
IMPORTS (2022)$19.5M
NET TRADE (2022)-$17.8M

In 2022, Armenia exported $1.7M in Central Heating Boilers. The main destinations of Armenia exports on Central Heating Boilers were Belarus ($1.02M), Russia ($585k), Georgia ($76.4k), Germany ($17.9k), and Italy ($1.11k).

In 2022, Armenia imported $19.5M in Central Heating Boilers, mainly from Italy ($8.18M), China ($4.15M), Georgia ($2.26M), Turkey ($1.24M), and Czechia ($1.01M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Central Heating Boilers EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
Belarus$1.02M (1%)
Russia$581k (14.2k%)
Germany$17.9k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Central Heating Boilers BY Armenia WERE (2021 - 2022):
Georgia-$809k (-91.4%)
Italy-$60.1k (-98.2%)
France-$19.3k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Armenia's main exporting competitors in Central Heating Boilers were:
Germany $1.38B
Austria $1.26B
Italy $1.03B
In 2022, Armenia's main importing competitors in Central Heating Boilers were:
Germany $1.74B
Italy $636M

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Trade Value of Central Heating Boilers by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALRussia+ $166k
TOP IMPORT POTENTIALTurkey+ $699k

Central Heating Boilers’s highest export potential is Russia. With an export gap of $166k.   Central Heating Boilers’s highest import potential is Turkey with an import gap of $699k.

See methodology.

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