2022
Exports
$221kWorld Rnk 0 / 0
Flag Rnk 0 / 0
falsefalseN/A
2022
Imports
$561kWorld Rnk 79 / 185
Flag Rnk 689 / 1135
2023
ECONOMIC COMPLEXITY of Armenia
0.094Rnk 57 / 132

About

Imports In 2023, Armenia imported $561k in Olive Oil, becoming the 79th largest importer of Olive Oil in the world. At the same year, Olive Oil was the 689th most imported product in Armenia. Armenia imports Olive Oil primarily from: Italy ($477k), Bulgaria ($33.8k), Georgia ($22.7k), Turkey ($22.7k), and Spain ($4.65k).

The fastest growing import markets in Olive Oil for Armenia between 2022 and 2023 were Bulgaria ($33.8k), Georgia ($22.7k), and Turkey ($22.7k).

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 Olive Oil. 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)$221k
IMPORTS (2023)$561k
NET TRADE (2023)-$561k

In 2023, Armenia imported $561k in Olive Oil, mainly from Italy ($477k), Bulgaria ($33.8k), Georgia ($22.7k), Turkey ($22.7k), and Spain ($4.65k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Olive Oil BY Armenia WERE (N/A - 2022):Russia-$221k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Armenia's main exporting competitors in Olive Oil were:
Spain $320M
Italy $114M
In 2023, Armenia's main importing competitors in Olive Oil were:

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Trade Value of Olive Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.01k
TOP IMPORT POTENTIALSpain+ $29.1k

Olive Oil’s highest export potential is United States. With an export gap of $1.01k.   Olive Oil’s highest import potential is Spain with an import gap of $29.1k.

See methodology.

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