2022
Exports
$1.77MWorld Rnk 72 / 200
Flag Rnk 195 / 945
2022
PRODUCT COMPLEXITY IN Navigation Equipment
1.03Rnk 162 / 1025
2022
Imports
$3.76MWorld Rnk 107 / 220
Flag Rnk 327 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $1.77M in Navigation Equipment, making it the 72nd largest exporter of Navigation Equipment in the world. At the same year, Navigation Equipment was the 195th most exported product in Armenia. The main destination of Navigation Equipment exports from Armenia are: Russia ($1.57M), Belgium ($154k), Switzerland ($19.6k), Netherlands ($7.65k), and Latvia ($6.49k).

The fastest growing export markets for Navigation Equipment of Armenia between 2021 and 2022 were Russia ($1.53M), Belgium ($154k), and Latvia ($6.49k).

Imports In 2022, Armenia imported $3.76M in Navigation Equipment, becoming the 107th largest importer of Navigation Equipment in the world. At the same year, Navigation Equipment was the 327th most imported product in Armenia. Armenia imports Navigation Equipment primarily from: China ($1.12M), Russia ($606k), Spain ($328k), United Kingdom ($327k), and Germany ($282k).

The fastest growing import markets in Navigation Equipment for Armenia between 2021 and 2022 were China ($822k), Spain ($327k), and United Kingdom ($294k).

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 Navigation Equipment. 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)$1.77M
IMPORTS (2022)$3.76M
NET TRADE (2022)-$1.98M

In 2022, Armenia exported $1.77M in Navigation Equipment. The main destinations of Armenia exports on Navigation Equipment were Russia ($1.57M), Belgium ($154k), Switzerland ($19.6k), Netherlands ($7.65k), and Latvia ($6.49k).

In 2022, Armenia imported $3.76M in Navigation Equipment, mainly from China ($1.12M), Russia ($606k), Spain ($328k), United Kingdom ($327k), and Germany ($282k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Navigation Equipment EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
Russia$1.53M (3.12k%)
Belgium$154k (1%)
Latvia$6.49k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Navigation Equipment BY Armenia WERE (2021 - 2022):
Poland-$7.7k (-98.7%)
United States-$20 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Navigation Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALBelgium+ $93.5k
TOP IMPORT POTENTIALChina+ $595k

Navigation Equipment’s highest export potential is Belgium. With an export gap of $93.5k.   Navigation Equipment’s highest import potential is China with an import gap of $595k.

See methodology.

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