2023
Exports
$115kWorld Rnk 87 / 135
Flag Rnk 543 / 973
2023
PRODUCT COMPLEXITY IN Wheat
-0.28Rnk 640 / 1025
2023
Imports
$62.1MWorld Rnk 94 / 195
Flag Rnk 26 / 1135
2023
ECONOMIC COMPLEXITY of Armenia
0.094Rnk 57 / 132

About

Exports In 2023, Armenia exported $115k in Wheat, making it the 87th largest exporter of Wheat in the world. At the same year, Wheat was the 543rd most exported product in Armenia. The main destination of Wheat exports from Armenia are: Russia ($77.9k) and United States ($37.4k).

The fastest growing export markets for Wheat of Armenia between 2022 and 2023 were Russia ($77.9k) and United States ($25.8k).

Imports In 2023, Armenia imported $62.1M in Wheat, becoming the 94th largest importer of Wheat in the world. At the same year, Wheat was the 26th most imported product in Armenia. Armenia imports Wheat primarily from: Russia ($61.8M), Austria ($118k), Hungary ($117k), Curaçao ($51.2k), and Georgia ($33.7k).

The fastest growing import markets in Wheat for Armenia between 2022 and 2023 were Austria ($118k), Hungary ($117k), and Romania ($2.81k).

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 Wheat. 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)$115k
IMPORTS (2023)$62.1M
NET TRADE (2023)-$62M

In 2023, Armenia exported $115k in Wheat. The main destinations of Armenia exports on Wheat were Russia ($77.9k) and United States ($37.4k).

In 2023, Armenia imported $62.1M in Wheat, mainly from Russia ($61.8M), Austria ($118k), Hungary ($117k), Curaçao ($51.2k), and Georgia ($33.7k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Wheat EXPORT MARKETS FOR Armenia WERE (2022 - 2023):
Russia$77.9k (1%)
United States$25.8k (223%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wheat BY Armenia WERE (2022 - 2023):
Georgia-$715k (-100%)
Belgium-$950 (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Armenia's main exporting competitors in Wheat were:
In 2023, Armenia's main importing competitors in Wheat were:

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Trade Value of Wheat by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $40.4k
TOP IMPORT POTENTIALUnited Kingdom+ $21.7k

Wheat’s highest export potential is United States. With an export gap of $40.4k.   Wheat’s highest import potential is United Kingdom with an import gap of $21.7k.

See methodology.

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