2023
Exports
$4.54MWorld Rnk 55 / 201
Flag Rnk 135 / 973
2023
PRODUCT COMPLEXITY IN Other Footwear
-0.78Rnk 778 / 1025
2023
Imports
$11.5MWorld Rnk 54 / 221
Flag Rnk 181 / 1135
2023
ECONOMIC COMPLEXITY of Armenia
0.094Rnk 57 / 132

About

Exports In 2023, Armenia exported $4.54M in Other Footwear, making it the 55th largest exporter of Other Footwear in the world. At the same year, Other Footwear was the 135th most exported product in Armenia. The main destination of Other Footwear exports from Armenia are: Russia ($3.53M), Italy ($736k), Spain ($178k), United States ($70.5k), and United Kingdom ($16.5k).

The fastest growing export markets for Other Footwear of Armenia between 2022 and 2023 were Russia ($3.52M), Spain ($120k), and United Kingdom ($16.5k).

Imports In 2023, Armenia imported $11.5M in Other Footwear, becoming the 54th largest importer of Other Footwear in the world. At the same year, Other Footwear was the 181st most imported product in Armenia. Armenia imports Other Footwear primarily from: Russia ($9.87M), United Arab Emirates ($719k), Germany ($383k), China ($235k), and Italy ($68.6k).

The fastest growing import markets in Other Footwear for Armenia between 2022 and 2023 were Russia ($9.31M), Germany ($66.8k), and Curaçao ($40.6k).

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 Other Footwear. 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)$4.54M
IMPORTS (2023)$11.5M
NET TRADE (2023)-$7.01M

In 2023, Armenia exported $4.54M in Other Footwear. The main destinations of Armenia exports on Other Footwear were Russia ($3.53M), Italy ($736k), Spain ($178k), United States ($70.5k), and United Kingdom ($16.5k).

In 2023, Armenia imported $11.5M in Other Footwear, mainly from Russia ($9.87M), United Arab Emirates ($719k), Germany ($383k), China ($235k), and Italy ($68.6k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Other Footwear EXPORT MARKETS FOR Armenia WERE (2022 - 2023):
Russia$3.52M (30.7k%)
Spain$120k (208%)
United Kingdom$16.5k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Footwear BY Armenia WERE (2022 - 2023):
Greece-$40.4k (-100%)
Italy-$10.5k (-1.4%)
Belarus-$4.61k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Armenia's main exporting competitors in Other Footwear were:
China $1.96B
Italy $289M
In 2023, Armenia's main importing competitors in Other Footwear were:

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Trade Value of Other Footwear by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $109k
TOP IMPORT POTENTIALChina+ $237k

Other Footwear’s highest export potential is United States. With an export gap of $109k.   Other Footwear’s highest import potential is China with an import gap of $237k.

See methodology.

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