2022
Exports
$132kWorld Rnk 102 / 160
Flag Rnk 86 / 96
2022
PRODUCT COMPLEXITY IN Wool & animal hair
0.58Rnk 333 / 1025
2022
Imports
$2.11MWorld Rnk 98 / 194
Flag Rnk 83 / 96
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $132k in Wool & animal hair, making it the 102nd largest exporter of Wool & animal hair in the world. At the same year, Wool & animal hair was the 86th most exported product in Armenia. The main destination of Wool & animal hair exports from Armenia are: Russia ($132k) and Canada ($164).

The fastest growing export markets for Wool & animal hair of Armenia between 2021 and 2022 were Russia ($131k) and Canada ($164).

Imports In 2022, Armenia imported $2.11M in Wool & animal hair, becoming the 98th largest importer of Wool & animal hair in the world. At the same year, Wool & animal hair was the 83rd most imported product in Armenia. Armenia imports Wool & animal hair primarily from: Lithuania ($729k), Belarus ($489k), Italy ($347k), Russia ($127k), and Bulgaria ($106k).

The fastest growing import markets in Wool & animal hair for Armenia between 2021 and 2022 were Lithuania ($729k), Belarus ($250k), and Italy ($124k).

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 Wool & animal hair. 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)$132k
IMPORTS (2022)$2.11M
NET TRADE (2022)-$1.98M

In 2022, Armenia exported $132k in Wool & animal hair. The main destinations of Armenia exports on Wool & animal hair were Russia ($132k) and Canada ($164).

In 2022, Armenia imported $2.11M in Wool & animal hair, mainly from Lithuania ($729k), Belarus ($489k), Italy ($347k), Russia ($127k), and Bulgaria ($106k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wool & animal hair EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
Russia$131k (8.71k%)
Canada$164 (1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Armenia's main exporting competitors in Wool & animal hair were:
China $2.23B
Italy $2.03B
In 2022, Armenia's main importing competitors in Wool & animal hair were:
China $2.97B
Italy $1.62B

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Trade Value of Wool & animal hair by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALChina+ $5.3k
TOP IMPORT POTENTIALItaly+ $166k

Wool & animal hair’s highest export potential is China. With an export gap of $5.3k.   Wool & animal hair’s highest import potential is Italy with an import gap of $166k.

See methodology.

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