2022
Exports
$19.4kWorld Rnk 87 / 138
Flag Rnk 92 / 96
2022
PRODUCT COMPLEXITY IN Silk
0.43Rnk 394 / 1025
2022
Imports
$178kWorld Rnk 106 / 196
Flag Rnk 94 / 96
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $19.4k in Silk, making it the 87th largest exporter of Silk in the world. At the same year, Silk was the 92nd most exported product in Armenia. The main destination of Silk exports from Armenia are: Russia ($19k), Kazakhstan ($310), and Portugal ($14).

The fastest growing export markets for Silk of Armenia between N/A and 2022 were Russia ($19k), Kazakhstan ($310), and Portugal ($14).

Imports In 2022, Armenia imported $178k in Silk, becoming the 106th largest importer of Silk in the world. At the same year, Silk was the 94th most imported product in Armenia. Armenia imports Silk primarily from: Lithuania ($64.3k), Italy ($59.3k), Japan ($25.9k), France ($8.09k), and China ($6.13k).

The fastest growing import markets in Silk for Armenia between 2021 and 2022 were Lithuania ($64.3k), Italy ($39.7k), and Japan ($21.6k).

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 Silk. 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)$19.4k
IMPORTS (2022)$178k
NET TRADE (2022)-$159k

In 2022, Armenia exported $19.4k in Silk. The main destinations of Armenia exports on Silk were Russia ($19k), Kazakhstan ($310), and Portugal ($14).

In 2022, Armenia imported $178k in Silk, mainly from Lithuania ($64.3k), Italy ($59.3k), Japan ($25.9k), France ($8.09k), and China ($6.13k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Silk EXPORT MARKETS FOR Armenia WERE (N/A - 2022):
Russia$19k (1%)
Kazakhstan$310 (1%)
Portugal$14 (1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Armenia's main exporting competitors in Silk were:
In 2022, Armenia's main importing competitors in Silk were:
Italy $323M
India $305M

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Trade Value of Silk by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $1.27k
TOP IMPORT POTENTIALItaly+ $14k

Silk’s highest export potential is India. With an export gap of $1.27k.   Silk’s highest import potential is Italy with an import gap of $14k.

See methodology.

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