2022
Exports
$1.26MWorld Rnk 83 / 182
Flag Rnk 227 / 945
2022
PRODUCT COMPLEXITY IN Aqueous Paints
-0.067Rnk 571 / 1025
2022
Imports
$6.88MWorld Rnk 106 / 223
Flag Rnk 220 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $1.26M in Aqueous Paints, making it the 83rd largest exporter of Aqueous Paints in the world. At the same year, Aqueous Paints was the 227th most exported product in Armenia. The main destination of Aqueous Paints exports from Armenia are: Russia ($1.09M), Kazakhstan ($121k), Iran ($34.3k), Georgia ($7.68k), and Indonesia ($2.04k).

The fastest growing export markets for Aqueous Paints of Armenia between 2021 and 2022 were Russia ($1.09M), Kazakhstan ($121k), and Indonesia ($2.04k).

Imports In 2022, Armenia imported $6.88M in Aqueous Paints, becoming the 106th largest importer of Aqueous Paints in the world. At the same year, Aqueous Paints was the 220th most imported product in Armenia. Armenia imports Aqueous Paints primarily from: Russia ($1.39M), Italy ($1.05M), Germany ($777k), Georgia ($507k), and Poland ($429k).

The fastest growing import markets in Aqueous Paints for Armenia between 2021 and 2022 were Italy ($717k), Poland ($237k), and Russia ($233k).

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 Aqueous Paints. 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)$1.26M
IMPORTS (2022)$6.88M
NET TRADE (2022)-$5.63M

In 2022, Armenia exported $1.26M in Aqueous Paints. The main destinations of Armenia exports on Aqueous Paints were Russia ($1.09M), Kazakhstan ($121k), Iran ($34.3k), Georgia ($7.68k), and Indonesia ($2.04k).

In 2022, Armenia imported $6.88M in Aqueous Paints, mainly from Russia ($1.39M), Italy ($1.05M), Germany ($777k), Georgia ($507k), and Poland ($429k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Aqueous Paints EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
Russia$1.09M (79.3k%)
Kazakhstan$121k (1%)
Indonesia$2.04k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Aqueous Paints BY Armenia WERE (2021 - 2022):
Iran-$24.1k (-41.3%)
Georgia-$7.76k (-50.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Armenia's main exporting competitors in Aqueous Paints were:
In 2022, Armenia's main importing competitors in Aqueous Paints were:

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Trade Value of Aqueous Paints by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALIran+ $49k
TOP IMPORT POTENTIALGermany+ $329k

Aqueous Paints’s highest export potential is Iran. With an export gap of $49k.   Aqueous Paints’s highest import potential is Germany with an import gap of $329k.

See methodology.

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