2022
Exports
$13.1MWorld Rnk 68 / 208
Flag Rnk 55 / 945
2022
PRODUCT COMPLEXITY IN Vaccines, blood, antisera, toxins and cultures
1.38Rnk 75 / 1025
2022
Imports
$57.5MWorld Rnk 121 / 225
Flag Rnk 21 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $13.1M in Vaccines, blood, antisera, toxins and cultures, making it the 68th largest exporter of Vaccines, blood, antisera, toxins and cultures in the world. At the same year, Vaccines, blood, antisera, toxins and cultures was the 55th most exported product in Armenia. The main destination of Vaccines, blood, antisera, toxins and cultures exports from Armenia are: Russia ($10.5M), Belarus ($1.04M), Georgia ($428k), Pakistan ($367k), and Ukraine ($282k).

The fastest growing export markets for Vaccines, blood, antisera, toxins and cultures of Armenia between 2021 and 2022 were Russia ($2.88M), Belarus ($1.04M), and Pakistan ($365k).

Imports In 2022, Armenia imported $57.5M in Vaccines, blood, antisera, toxins and cultures, becoming the 121st largest importer of Vaccines, blood, antisera, toxins and cultures in the world. At the same year, Vaccines, blood, antisera, toxins and cultures was the 21st most imported product in Armenia. Armenia imports Vaccines, blood, antisera, toxins and cultures primarily from: Spain ($16.7M), United States ($6.19M), France ($5.69M), Lithuania ($4.31M), and Germany ($4.16M).

The fastest growing import markets in Vaccines, blood, antisera, toxins and cultures for Armenia between 2021 and 2022 were Spain ($14.6M), United States ($5.71M), and France ($1.89M).

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 Vaccines, blood, antisera, toxins and cultures. 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)$13.1M
IMPORTS (2022)$57.5M
NET TRADE (2022)-$44.3M

In 2022, Armenia exported $13.1M in Vaccines, blood, antisera, toxins and cultures. The main destinations of Armenia exports on Vaccines, blood, antisera, toxins and cultures were Russia ($10.5M), Belarus ($1.04M), Georgia ($428k), Pakistan ($367k), and Ukraine ($282k).

In 2022, Armenia imported $57.5M in Vaccines, blood, antisera, toxins and cultures, mainly from Spain ($16.7M), United States ($6.19M), France ($5.69M), Lithuania ($4.31M), and Germany ($4.16M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Vaccines, blood, antisera, toxins and cultures EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
Russia$2.88M (37.7%)
Belarus$1.04M (1%)
Pakistan$365k (17.3k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Vaccines, blood, antisera, toxins and cultures BY Armenia WERE (2021 - 2022):
Switzerland-$478k (-100%)
Iran-$115k (-100%)
Georgia-$56.3k (-11.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Armenia's main exporting competitors in Vaccines, blood, antisera, toxins and cultures were:
In 2022, Armenia's main importing competitors in Vaccines, blood, antisera, toxins and cultures were:

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Trade Value of Vaccines, blood, antisera, toxins and cultures by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALRussia+ $671k
TOP IMPORT POTENTIALGermany+ $4.65M

Vaccines, blood, antisera, toxins and cultures’s highest export potential is Russia. With an export gap of $671k.   Vaccines, blood, antisera, toxins and cultures’s highest import potential is Germany with an import gap of $4.65M.

See methodology.

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