2022
Exports
$4.5MWorld Rnk 136 / 221
Flag Rnk 54 / 96
2022
PRODUCT COMPLEXITY IN Wood, wood articles, & charcoal
0.3Rnk 451 / 1025
2022
Imports
$76.8MWorld Rnk 102 / 226
Flag Rnk 26 / 96
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $4.5M in Wood, wood articles, & charcoal, making it the 136th largest exporter of Wood, wood articles, & charcoal in the world. At the same year, Wood, wood articles, & charcoal was the 54th most exported product in Armenia. The main destination of Wood, wood articles, & charcoal exports from Armenia are: Russia ($1.81M), Iran ($1.09M), Israel ($501k), United States ($251k), and Austria ($136k).

The fastest growing export markets for Wood, wood articles, & charcoal of Armenia between 2021 and 2022 were Russia ($1.3M), Iran ($1.02M), and Israel ($501k).

Imports In 2022, Armenia imported $76.8M in Wood, wood articles, & charcoal, becoming the 102nd largest importer of Wood, wood articles, & charcoal in the world. At the same year, Wood, wood articles, & charcoal was the 26th most imported product in Armenia. Armenia imports Wood, wood articles, & charcoal primarily from: Russia ($36M), Georgia ($12M), Turkey ($5.95M), Belarus ($5.08M), and China ($4.83M).

The fastest growing import markets in Wood, wood articles, & charcoal for Armenia between 2021 and 2022 were Russia ($5.74M), Belarus ($1.91M), and Germany ($1.01M).

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 Wood, wood articles, & charcoal. 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)$4.5M
IMPORTS (2022)$76.8M
NET TRADE (2022)-$72.3M

In 2022, Armenia exported $4.5M in Wood, wood articles, & charcoal. The main destinations of Armenia exports on Wood, wood articles, & charcoal were Russia ($1.81M), Iran ($1.09M), Israel ($501k), United States ($251k), and Austria ($136k).

In 2022, Armenia imported $76.8M in Wood, wood articles, & charcoal, mainly from Russia ($36M), Georgia ($12M), Turkey ($5.95M), Belarus ($5.08M), and China ($4.83M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wood, wood articles, & charcoal EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
Russia$1.3M (251%)
Iran$1.02M (1.47k%)
Israel$501k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wood, wood articles, & charcoal BY Armenia WERE (2021 - 2022):
Georgia-$87.2k (-53.2%)
Bulgaria-$38.6k (-99.1%)
Spain-$33k (-43.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Armenia's main exporting competitors in Wood, wood articles, & charcoal were:
China $18.7B
Germany $12.9B
In 2022, Armenia's main importing competitors in Wood, wood articles, & charcoal were:

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Trade Value of Wood, wood articles, & charcoal by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $457k
TOP IMPORT POTENTIALChina+ $3.2M

Wood, wood articles, & charcoal’s highest export potential is United States. With an export gap of $457k.   Wood, wood articles, & charcoal’s highest import potential is China with an import gap of $3.2M.

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