2022
Exports
$1.47MWorld Rnk 47 / 146
Flag Rnk 214 / 945
2022
PRODUCT COMPLEXITY IN Pure Olive Oil
-0.75Rnk 772 / 1025
2022
Imports
$2.08MWorld Rnk 107 / 218
Flag Rnk 436 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $1.47M in Pure Olive Oil, making it the 47th largest exporter of Pure Olive Oil in the world. At the same year, Pure Olive Oil was the 214th most exported product in Armenia. The main destination of Pure Olive Oil exports from Armenia are: Russia ($1.47M).

The fastest growing export markets for Pure Olive Oil of Armenia between 2021 and 2022 were Russia ($1.47M).

Imports In 2022, Armenia imported $2.08M in Pure Olive Oil, becoming the 107th largest importer of Pure Olive Oil in the world. At the same year, Pure Olive Oil was the 436th most imported product in Armenia. Armenia imports Pure Olive Oil primarily from: Spain ($1.2M), Italy ($566k), Greece ($114k), Syria ($48.5k), and Portugal ($36.2k).

The fastest growing import markets in Pure Olive Oil for Armenia between 2021 and 2022 were Spain ($987k), Italy ($329k), and Greece ($61k).

Latest Trends

Sep 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 Pure 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)$1.47M
IMPORTS (2022)$2.08M
NET TRADE (2022)-$608k

In 2022, Armenia exported $1.47M in Pure Olive Oil. The main destinations of Armenia exports on Pure Olive Oil were Russia ($1.47M).

In 2022, Armenia imported $2.08M in Pure Olive Oil, mainly from Spain ($1.2M), Italy ($566k), Greece ($114k), Syria ($48.5k), and Portugal ($36.2k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pure Olive Oil EXPORT MARKETS FOR Armenia WERE (2021 - 2022):Russia$1.47M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pure Olive Oil BY Armenia WERE (2021 - 2022):Indonesia-$23.4k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Armenia's main exporting competitors in Pure Olive Oil were:
Spain $4.43B
Italy $1.87B
In 2022, Armenia's main importing competitors in Pure Olive Oil were:

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Trade Value of Pure Olive Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.37k
TOP IMPORT POTENTIALSpain+ $217k

Pure Olive Oil’s highest export potential is United States. With an export gap of $2.37k.   Pure Olive Oil’s highest import potential is Spain with an import gap of $217k.

See methodology.

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