Key Market Indicators
Armenia's electric generator exports are projected to reach approximately $17.7 million by 2026, up from $14.4 million in 2021. This growth rate of 3.8% year-on-year is an average since 2002, when exports grew a staggering 61.9%. Armenia ranked 90th in the world for its exports in 2021, with Bosnia and Herzegovina coming in ahead of it at $14.4 million. The United States, France and Japan occupied numbers 2, 3 and 4 respectively in this global ranking. Meanwhile, Armenia's electric generator imports are forecast to reach $170.6 million by 2026, up from $149.1 million in 2021. This 2.3% year-on-year CAGR is an average since 2002, when imports grew by 7.3%. In 2021, Armenia was ranked 115th in the world for its imports, with Rwanda coming in ahead of it at $149.1 million. Germany, Mexico and China occupied spots 2, 3 and 4 respectively in this global ranking.
