2022
Exports
$441kWorld Rnk 138 / 199
Flag Rnk 77 / 96
2022
PRODUCT COMPLEXITY IN Cotton
-0.55Rnk 715 / 1025
2022
Imports
$39.9MWorld Rnk 102 / 220
Flag Rnk 44 / 96
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $441k in Cotton, making it the 138th largest exporter of Cotton in the world. At the same year, Cotton was the 77th most exported product in Armenia. The main destination of Cotton exports from Armenia are: Russia ($426k), Italy ($7.46k), Germany ($3.56k), Lebanon ($2.28k), and Singapore ($1.14k).

The fastest growing export markets for Cotton of Armenia between 2021 and 2022 were Italy ($7.46k), Lebanon ($2.28k), and Germany ($1.45k).

Imports In 2022, Armenia imported $39.9M in Cotton, becoming the 102nd largest importer of Cotton in the world. At the same year, Cotton was the 44th most imported product in Armenia. Armenia imports Cotton primarily from: India ($6.72M), Germany ($5.33M), Turkmenistan ($4.76M), Turkey ($4.75M), and China ($4.1M).

The fastest growing import markets in Cotton for Armenia between 2021 and 2022 were India ($6.72M), Turkmenistan ($1.8M), and Uzbekistan ($1.59M).

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 Cotton. 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)$441k
IMPORTS (2022)$39.9M
NET TRADE (2022)-$39.4M

In 2022, Armenia exported $441k in Cotton. The main destinations of Armenia exports on Cotton were Russia ($426k), Italy ($7.46k), Germany ($3.56k), Lebanon ($2.28k), and Singapore ($1.14k).

In 2022, Armenia imported $39.9M in Cotton, mainly from India ($6.72M), Germany ($5.33M), Turkmenistan ($4.76M), Turkey ($4.75M), and China ($4.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cotton EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
Italy$7.46k (1%)
Lebanon$2.28k (1%)
Germany$1.45k (68.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cotton BY Armenia WERE (2021 - 2022):
Russia-$94.5k (-18.2%)
Ukraine-$37.3k (-100%)
Georgia-$2.04k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Cotton by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALRussia+ $23.7k
TOP IMPORT POTENTIALChina+ $1.23M

Cotton’s highest export potential is Russia. With an export gap of $23.7k.   Cotton’s highest import potential is China with an import gap of $1.23M.

See methodology.

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