2022
Exports
$20.5MWorld Rnk 91 / 221
Flag Rnk 27 / 96
2022
PRODUCT COMPLEXITY IN Miscellaneous edible preparations
0.054Rnk 531 / 1025
2022
Imports
$55.7MWorld Rnk 137 / 226
Flag Rnk 33 / 96
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $20.5M in Miscellaneous edible preparations, making it the 91st largest exporter of Miscellaneous edible preparations in the world. At the same year, Miscellaneous edible preparations was the 27th most exported product in Armenia. The main destination of Miscellaneous edible preparations exports from Armenia are: Russia ($14.7M), Georgia ($2.68M), United States ($1.07M), Kazakhstan ($735k), and Poland ($619k).

The fastest growing export markets for Miscellaneous edible preparations of Armenia between 2021 and 2022 were Russia ($11M), Georgia ($2.34M), and Kazakhstan ($332k).

Imports In 2022, Armenia imported $55.7M in Miscellaneous edible preparations, becoming the 137th largest importer of Miscellaneous edible preparations in the world. At the same year, Miscellaneous edible preparations was the 33rd most imported product in Armenia. Armenia imports Miscellaneous edible preparations primarily from: Russia ($28M), Germany ($3.63M), Georgia ($2.51M), France ($2.36M), and Italy ($2.03M).

The fastest growing import markets in Miscellaneous edible preparations for Armenia between 2021 and 2022 were Russia ($7.13M), Germany ($2.27M), and United States ($1.58M).

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 Miscellaneous edible preparations. 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)$20.5M
IMPORTS (2022)$55.7M
NET TRADE (2022)-$35.2M

In 2022, Armenia exported $20.5M in Miscellaneous edible preparations. The main destinations of Armenia exports on Miscellaneous edible preparations were Russia ($14.7M), Georgia ($2.68M), United States ($1.07M), Kazakhstan ($735k), and Poland ($619k).

In 2022, Armenia imported $55.7M in Miscellaneous edible preparations, mainly from Russia ($28M), Germany ($3.63M), Georgia ($2.51M), France ($2.36M), and Italy ($2.03M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Miscellaneous edible preparations EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
Russia$11M (296%)
Georgia$2.34M (704%)
Kazakhstan$332k (82.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Miscellaneous edible preparations BY Armenia WERE (2021 - 2022):
Indonesia-$773k (-100%)
Moldova-$59.9k (-62%)
Germany-$52k (-51.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Armenia's main exporting competitors in Miscellaneous edible preparations were:
In 2022, Armenia's main importing competitors in Miscellaneous edible preparations were:

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Trade Value of Miscellaneous edible preparations by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $1.63M
TOP IMPORT POTENTIALGermany+ $1.49M

Miscellaneous edible preparations’s highest export potential is United States. With an export gap of $1.63M.   Miscellaneous edible preparations’s highest import potential is Germany with an import gap of $1.49M.

See methodology.

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