2018
Exports
$4.92MWorld Rnk 72 / 192
Flag Rnk 102 / 945
2022
PRODUCT COMPLEXITY IN Nonaqueous Paints
0.35Rnk 423 / 1025
2018
Imports
$23.3MWorld Rnk 88 / 225
Flag Rnk 87 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2018, Armenia exported $4.92M in Nonaqueous Paints, making it the 72nd largest exporter of Nonaqueous Paints in the world. At the same year, Nonaqueous Paints was the 102nd most exported product in Armenia. The main destination of Nonaqueous Paints exports from Armenia are: Russia ($4.33M), Kazakhstan ($410k), Belarus ($130k), Georgia ($44.4k), and France ($411).

The fastest growing export markets for Nonaqueous Paints of Armenia between 2021 and 2022 were Russia ($4.33M), Kazakhstan ($410k), and Belarus ($130k).

Imports In 2022, Armenia imported $23.3M in Nonaqueous Paints, becoming the 88th largest importer of Nonaqueous Paints in the world. At the same year, Nonaqueous Paints was the 87th most imported product in Armenia. Armenia imports Nonaqueous Paints primarily from: Russia ($3.45M), Poland ($3.41M), Georgia ($3.35M), Turkey ($2.19M), and Italy ($1.99M).

The fastest growing import markets in Nonaqueous Paints for Armenia between 2021 and 2022 were Poland ($2.96M), Czechia ($1.53M), and Italy ($1.44M).

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 Nonaqueous Paints. 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)$4.92M
IMPORTS (2022)$23.3M
NET TRADE (2022)-$18.3M

In 2022, Armenia exported $4.92M in Nonaqueous Paints. The main destinations of Armenia exports on Nonaqueous Paints were Russia ($4.33M), Kazakhstan ($410k), Belarus ($130k), Georgia ($44.4k), and France ($411).

In 2022, Armenia imported $23.3M in Nonaqueous Paints, mainly from Russia ($3.45M), Poland ($3.41M), Georgia ($3.35M), Turkey ($2.19M), and Italy ($1.99M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Nonaqueous Paints EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
Russia$4.33M (685k%)
Kazakhstan$410k (1%)
Belarus$130k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Nonaqueous Paints BY Armenia WERE (2021 - 2022):
Germany-$229 (-100%)
India-$117 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Nonaqueous Paints by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALKazakhstan+ $119k
TOP IMPORT POTENTIALItaly+ $557k

Nonaqueous Paints’s highest export potential is Kazakhstan. With an export gap of $119k.   Nonaqueous Paints’s highest import potential is Italy with an import gap of $557k.

See methodology.

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