2022
Exports
$150kWorld Rnk 67 / 194
Flag Rnk 496 / 945
2022
PRODUCT COMPLEXITY IN Cutlery Sets
-0.066Rnk 570 / 1025
2022
Imports
$1.13MWorld Rnk 128 / 218
Flag Rnk 532 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $150k in Cutlery Sets, making it the 67th largest exporter of Cutlery Sets in the world. At the same year, Cutlery Sets was the 496th most exported product in Armenia. The main destination of Cutlery Sets exports from Armenia are: Russia ($98.6k), Belarus ($33.3k), Belgium ($12.1k), Lithuania ($3.59k), and Georgia ($684).

The fastest growing export markets for Cutlery Sets of Armenia between 2021 and 2022 were Russia ($93.6k), Belarus ($6.49k), and Lithuania ($3.59k).

Imports In 2022, Armenia imported $1.13M in Cutlery Sets, becoming the 128th largest importer of Cutlery Sets in the world. At the same year, Cutlery Sets was the 532nd most imported product in Armenia. Armenia imports Cutlery Sets primarily from: China ($552k), Germany ($156k), Vietnam ($98.1k), Italy ($95.1k), and Portugal ($49.5k).

The fastest growing import markets in Cutlery Sets for Armenia between 2021 and 2022 were Germany ($75k), Vietnam ($41.1k), and Italy ($32.1k).

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 Cutlery Sets. 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)$150k
IMPORTS (2022)$1.13M
NET TRADE (2022)-$983k

In 2022, Armenia exported $150k in Cutlery Sets. The main destinations of Armenia exports on Cutlery Sets were Russia ($98.6k), Belarus ($33.3k), Belgium ($12.1k), Lithuania ($3.59k), and Georgia ($684).

In 2022, Armenia imported $1.13M in Cutlery Sets, mainly from China ($552k), Germany ($156k), Vietnam ($98.1k), Italy ($95.1k), and Portugal ($49.5k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cutlery Sets EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
Russia$93.6k (1.87k%)
Belarus$6.49k (24.2%)
Lithuania$3.59k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cutlery Sets BY Armenia WERE (2021 - 2022):
Bulgaria-$1.64k (-100%)
Georgia-$1.56k (-69.5%)
Ethiopia-$563 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Cutlery Sets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALBelgium+ $8.4k
TOP IMPORT POTENTIALChina+ $220k

Cutlery Sets’s highest export potential is Belgium. With an export gap of $8.4k.   Cutlery Sets’s highest import potential is China with an import gap of $220k.

See methodology.

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