2022
Exports
$363kWorld Rnk 83 / 209
Flag Rnk 366 / 945
2022
PRODUCT COMPLEXITY IN Padlocks
0.82Rnk 236 / 1025
2022
Imports
$4.4MWorld Rnk 128 / 223
Flag Rnk 305 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $363k in Padlocks, making it the 83rd largest exporter of Padlocks in the world. At the same year, Padlocks was the 366th most exported product in Armenia. The main destination of Padlocks exports from Armenia are: Russia ($255k), Belarus ($90.1k), Georgia ($7.97k), United Arab Emirates ($6.81k), and Denmark ($1.52k).

The fastest growing export markets for Padlocks of Armenia between 2021 and 2022 were Belarus ($88.9k), United Arab Emirates ($6.81k), and Georgia ($6.8k).

Imports In 2022, Armenia imported $4.4M in Padlocks, becoming the 128th largest importer of Padlocks in the world. At the same year, Padlocks was the 305th most imported product in Armenia. Armenia imports Padlocks primarily from: China ($1.38M), Russia ($809k), Turkey ($692k), Italy ($442k), and Georgia ($350k).

The fastest growing import markets in Padlocks for Armenia between 2021 and 2022 were China ($497k), Italy ($329k), and Georgia ($214k).

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 Padlocks. 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)$363k
IMPORTS (2022)$4.4M
NET TRADE (2022)-$4.04M

In 2022, Armenia exported $363k in Padlocks. The main destinations of Armenia exports on Padlocks were Russia ($255k), Belarus ($90.1k), Georgia ($7.97k), United Arab Emirates ($6.81k), and Denmark ($1.52k).

In 2022, Armenia imported $4.4M in Padlocks, mainly from China ($1.38M), Russia ($809k), Turkey ($692k), Italy ($442k), and Georgia ($350k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Padlocks EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
Belarus$88.9k (7.46k%)
Georgia$6.8k (584%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Padlocks BY Armenia WERE (2021 - 2022):
Russia-$81.7k (-24.3%)
Latvia-$95 (-100%)
Lebanon-$35 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Armenia's main exporting competitors in Padlocks were:
China $5.34B
Germany $1.37B
Mexico $1.27B
In 2022, Armenia's main importing competitors in Padlocks were:

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Trade Value of Padlocks by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALRussia+ $48.4k
TOP IMPORT POTENTIALChina+ $726k

Padlocks’s highest export potential is Russia. With an export gap of $48.4k.   Padlocks’s highest import potential is China with an import gap of $726k.

See methodology.

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