2023
Exports
$68.7kWorld Rnk 106 / 153
Flag Rnk 615 / 973
2023
PRODUCT COMPLEXITY IN Fermented Milk Products
-0.17Rnk 610 / 1025
2023
Imports
$10.6MWorld Rnk 67 / 223
Flag Rnk 189 / 1135
2023
ECONOMIC COMPLEXITY of Armenia
0.094Rnk 57 / 132

About

Exports In 2023, Armenia exported $68.7k in Fermented Milk Products, making it the 106th largest exporter of Fermented Milk Products in the world. At the same year, Fermented Milk Products was the 615th most exported product in Armenia. The main destination of Fermented Milk Products exports from Armenia are: Russia ($45.1k), Georgia ($10.6k), Czechia ($7.95k), Poland ($4.71k), and Bahrain ($380).

The fastest growing export markets for Fermented Milk Products of Armenia between 2022 and 2023 were Poland ($4.71k), Georgia ($1.83k), and Bahrain ($10).

Imports In 2023, Armenia imported $10.6M in Fermented Milk Products, becoming the 67th largest importer of Fermented Milk Products in the world. At the same year, Fermented Milk Products was the 189th most imported product in Armenia. Armenia imports Fermented Milk Products primarily from: Russia ($6.39M), Germany ($2.38M), Kazakhstan ($1.02M), Belarus ($677k), and Ukraine ($44.5k).

The fastest growing import markets in Fermented Milk Products for Armenia between 2022 and 2023 were Belarus ($344k), Kazakhstan ($319k), and Ukraine ($19.1k).

Latest Trends

Dec 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 Fermented Milk Products. 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 (2023)$68.7k
IMPORTS (2023)$10.6M
NET TRADE (2023)-$10.5M

In 2023, Armenia exported $68.7k in Fermented Milk Products. The main destinations of Armenia exports on Fermented Milk Products were Russia ($45.1k), Georgia ($10.6k), Czechia ($7.95k), Poland ($4.71k), and Bahrain ($380).

In 2023, Armenia imported $10.6M in Fermented Milk Products, mainly from Russia ($6.39M), Germany ($2.38M), Kazakhstan ($1.02M), Belarus ($677k), and Ukraine ($44.5k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Fermented Milk Products EXPORT MARKETS FOR Armenia WERE (2022 - 2023):
Poland$4.71k (1%)
Georgia$1.83k (20.9%)
Bahrain$10 (2.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Fermented Milk Products BY Armenia WERE (2022 - 2023):
Russia-$506k (-91.8%)
Netherlands-$67.3k (-100%)
Czechia-$970 (-10.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Armenia's main exporting competitors in Fermented Milk Products were:
In 2023, Armenia's main importing competitors in Fermented Milk Products were:

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Trade Value of Fermented Milk Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALNetherlands+ $58.1k
TOP IMPORT POTENTIALNetherlands+ $67.7k

Fermented Milk Products’s highest export potential is Netherlands. With an export gap of $58.1k.   Fermented Milk Products’s highest import potential is Netherlands with an import gap of $67.7k.

See methodology.

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