2022
Exports
$24.6kWorld Rnk 48 / 80
Flag Rnk 699 / 945
2022
PRODUCT COMPLEXITY IN Rare-Earth Metal Compounds
0.68Rnk 287 / 1025
2022
Imports
$21kWorld Rnk 83 / 144
Flag Rnk 1004 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $24.6k in Rare-Earth Metal Compounds, making it the 48th largest exporter of Rare-Earth Metal Compounds in the world. At the same year, Rare-Earth Metal Compounds was the 699th most exported product in Armenia. The main destination of Rare-Earth Metal Compounds exports from Armenia are: Russia ($23.4k) and United States ($1.18k).

The fastest growing export markets for Rare-Earth Metal Compounds of Armenia between N/A and 2022 were Russia ($23.4k) and United States ($1.18k).

Imports In 2022, Armenia imported $21k in Rare-Earth Metal Compounds, becoming the 83rd largest importer of Rare-Earth Metal Compounds in the world. At the same year, Rare-Earth Metal Compounds was the 1004th most imported product in Armenia. Armenia imports Rare-Earth Metal Compounds primarily from: Norway ($7.07k), China ($4.61k), Germany ($4.44k), France ($2.17k), and United States ($1.89k).

The fastest growing import markets in Rare-Earth Metal Compounds for Armenia between 2021 and 2022 were Norway ($7.07k), China ($4.52k), and Germany ($3.94k).

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 Rare-Earth Metal Compounds. 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)$24.6k
IMPORTS (2022)$21k
NET TRADE (2022)$3.68k

In 2022, Armenia exported $24.6k in Rare-Earth Metal Compounds. The main destinations of Armenia exports on Rare-Earth Metal Compounds were Russia ($23.4k) and United States ($1.18k).

In 2022, Armenia imported $21k in Rare-Earth Metal Compounds, mainly from Norway ($7.07k), China ($4.61k), Germany ($4.44k), France ($2.17k), and United States ($1.89k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rare-Earth Metal Compounds EXPORT MARKETS FOR Armenia WERE (N/A - 2022):
Russia$23.4k (1%)
United States$1.18k (1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Armenia's main exporting competitors in Rare-Earth Metal Compounds were:
In 2022, Armenia's main importing competitors in Rare-Earth Metal Compounds were:
China $1.48B
Japan $488M

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Trade Value of Rare-Earth Metal Compounds by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $4.03k
TOP IMPORT POTENTIALChina+ $7.6k

Rare-Earth Metal Compounds’s highest export potential is United States. With an export gap of $4.03k.   Rare-Earth Metal Compounds’s highest import potential is China with an import gap of $7.6k.

See methodology.

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