2022
Exports
$229kWorld Rnk 56 / 158
Flag Rnk 434 / 945
2022
PRODUCT COMPLEXITY IN Pastes and Waxes
1Rnk 171 / 1025
2022
Imports
$1.21MWorld Rnk 87 / 209
Flag Rnk 522 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $229k in Pastes and Waxes, making it the 56th largest exporter of Pastes and Waxes in the world. At the same year, Pastes and Waxes was the 434th most exported product in Armenia. The main destination of Pastes and Waxes exports from Armenia are: Russia ($146k), Georgia ($58.7k), United Arab Emirates ($13.6k), United Kingdom ($5.65k), and Belarus ($3.82k).

The fastest growing export markets for Pastes and Waxes of Armenia between 2021 and 2022 were Russia ($146k), Georgia ($51.6k), and United Kingdom ($5.65k).

Imports In 2022, Armenia imported $1.21M in Pastes and Waxes, becoming the 87th largest importer of Pastes and Waxes in the world. At the same year, Pastes and Waxes was the 522nd most imported product in Armenia. Armenia imports Pastes and Waxes primarily from: Italy ($383k), Russia ($184k), Germany ($173k), Bulgaria ($170k), and China ($106k).

The fastest growing import markets in Pastes and Waxes for Armenia between 2021 and 2022 were Bulgaria ($165k), Italy ($148k), and Belgium ($59.8k).

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 Pastes and Waxes. 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)$229k
IMPORTS (2022)$1.21M
NET TRADE (2022)-$982k

In 2022, Armenia exported $229k in Pastes and Waxes. The main destinations of Armenia exports on Pastes and Waxes were Russia ($146k), Georgia ($58.7k), United Arab Emirates ($13.6k), United Kingdom ($5.65k), and Belarus ($3.82k).

In 2022, Armenia imported $1.21M in Pastes and Waxes, mainly from Italy ($383k), Russia ($184k), Germany ($173k), Bulgaria ($170k), and China ($106k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pastes and Waxes EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
Russia$146k (1%)
Georgia$51.6k (736%)
United Kingdom$5.65k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pastes and Waxes BY Armenia WERE (2021 - 2022):Belarus-$8.83k (-69.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Armenia's main exporting competitors in Pastes and Waxes were:
In 2022, Armenia's main importing competitors in Pastes and Waxes were:

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Trade Value of Pastes and Waxes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Kingdom+ $9.15k
TOP IMPORT POTENTIALChina+ $91.3k

Pastes and Waxes’s highest export potential is United Kingdom. With an export gap of $9.15k.   Pastes and Waxes’s highest import potential is China with an import gap of $91.3k.

See methodology.

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