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2022
Exports $154kWorld Rnk 124 / 196
Flag Rnk 487 / 945
2022
Destination $60.4k Russia
2021 - 2022
FASTEST GROWING MARKET $60.4kRussia
2022
PRODUCT COMPLEXITY IN Essential Oils-1.09Rnk 855 / 1025
2022
Imports $127kWorld Rnk 158 / 214
Flag Rnk 880 / 1142
2022
Origin $8.57k Russia
2021 - 2022
FASTEST GROWING ORIGIN $8.57kTurkey
2022
ECONOMIC COMPLEXITY of Armenia0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $154k in Essential Oils, making it the 124th largest exporter of Essential Oils in the world. At the same year, Essential Oils was the 487th most exported product in Armenia. The main destination of Essential Oils exports from Armenia are: Russia ($146k), United States ($7.51k), Moldova ($68), Netherlands ($26), and France ($25).

The fastest growing export markets for Essential Oils of Armenia between 2021 and 2022 were Russia ($60.4k), Moldova ($68), and Netherlands ($26).

Imports In 2022, Armenia imported $127k in Essential Oils, becoming the 158th largest importer of Essential Oils in the world. At the same year, Essential Oils was the 880th most imported product in Armenia. Armenia imports Essential Oils primarily from: Russia ($39.8k), United States ($11k), China ($9.42k), Spain ($8.66k), and Turkey ($8.57k).

The fastest growing import markets in Essential Oils for Armenia between 2021 and 2022 were Turkey ($8.57k), Spain ($7.18k), and China ($7.02k).

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 Essential Oils. 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)$154k
IMPORTS (2022)$127k
NET TRADE (2022)$27.3k

In 2022, Armenia exported $154k in Essential Oils. The main destinations of Armenia exports on Essential Oils were Russia ($146k), United States ($7.51k), Moldova ($68), Netherlands ($26), and France ($25).

In 2022, Armenia imported $127k in Essential Oils, mainly from Russia ($39.8k), United States ($11k), China ($9.42k), Spain ($8.66k), and Turkey ($8.57k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Essential Oils EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
Russia$60.4k (70.2%)
Moldova$68 (1%)
Netherlands$26 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Essential Oils BY Armenia WERE (2021 - 2022):United States-$23.1k (-75.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Armenia's main exporting competitors in Essential Oils were:
India $879M
United States $693M
Brazil $425M
In 2022, Armenia's main importing competitors in Essential Oils were:
United States $1.25B
France $440M
Germany $357M

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Trade Value of Essential Oils by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $25.3k
TOP IMPORT POTENTIALUnited States+ $17.2k

Essential Oils’s highest export potential is United States. With an export gap of $25.3k.   Essential Oils’s highest import potential is United States with an import gap of $17.2k.

See methodology.

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