2022
Exports
$17.6MWorld Rnk 48 / 196
Flag Rnk 42 / 945
2022
PRODUCT COMPLEXITY IN Wine
-1.04Rnk 845 / 1025
2022
Imports
$4.66MWorld Rnk 137 / 225
Flag Rnk 293 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $17.6M in Wine, making it the 48th largest exporter of Wine in the world. At the same year, Wine was the 42nd most exported product in Armenia. The main destination of Wine exports from Armenia are: Russia ($12.8M), United States ($2.06M), Switzerland ($261k), France ($258k), and Germany ($186k).

The fastest growing export markets for Wine of Armenia between 2021 and 2022 were Russia ($7.4M), Israel ($125k), and India ($88.6k).

Imports In 2022, Armenia imported $4.66M in Wine, becoming the 137th largest importer of Wine in the world. At the same year, Wine was the 293rd most imported product in Armenia. Armenia imports Wine primarily from: France ($1.4M), Italy ($838k), Lithuania ($641k), Spain ($402k), and Georgia ($226k).

The fastest growing import markets in Wine for Armenia between 2021 and 2022 were France ($681k), Lithuania ($290k), and Italy ($233k).

Latest Trends

Oct 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 Wine. 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)$17.6M
IMPORTS (2022)$4.66M
NET TRADE (2022)$12.9M

In 2022, Armenia exported $17.6M in Wine. The main destinations of Armenia exports on Wine were Russia ($12.8M), United States ($2.06M), Switzerland ($261k), France ($258k), and Germany ($186k).

In 2022, Armenia imported $4.66M in Wine, mainly from France ($1.4M), Italy ($838k), Lithuania ($641k), Spain ($402k), and Georgia ($226k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wine EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
Russia$7.4M (136%)
Israel$125k (689%)
India$88.6k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wine BY Armenia WERE (2021 - 2022):
Ukraine-$564k (-82.5%)
Switzerland-$269k (-50.7%)
Belgium-$192k (-60.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Armenia's main exporting competitors in Wine were:
France $13.1B
Italy $8.32B
Spain $3.25B
In 2022, Armenia's main importing competitors in Wine were:

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Trade Value of Wine by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.61M
TOP IMPORT POTENTIALFrance+ $731k

Wine’s highest export potential is United States. With an export gap of $2.61M.   Wine’s highest import potential is France with an import gap of $731k.

See methodology.

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