2023
Exports
$9.21kWorld Rnk 129 / 163
Flag Rnk 784 / 973
2023
PRODUCT COMPLEXITY IN Bananas
-1.96Rnk 995 / 1025
2023
Imports
$17.2MWorld Rnk 68 / 203
Flag Rnk 138 / 1135
2023
ECONOMIC COMPLEXITY of Armenia
0.094Rnk 57 / 132

About

Exports In 2023, Armenia exported $9.21k in Bananas, making it the 129th largest exporter of Bananas in the world. At the same year, Bananas was the 784th most exported product in Armenia. The main destination of Bananas exports from Armenia are: Czechia ($7.52k), United States ($1.52k), and Russia ($171).

The fastest growing export markets for Bananas of Armenia between 2022 and 2023 were Czechia ($4.9k) and United States ($1.29k).

Imports In 2023, Armenia imported $17.2M in Bananas, becoming the 68th largest importer of Bananas in the world. At the same year, Bananas was the 138th most imported product in Armenia. Armenia imports Bananas primarily from: Ecuador ($15.8M), Georgia ($1.29M), Costa Rica ($51.5k), Russia ($15.3k), and Pakistan ($8.84k).

The fastest growing import markets in Bananas for Armenia between 2022 and 2023 were Ecuador ($1.6M), Costa Rica ($51.5k), and Russia ($13.2k).

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 Bananas. 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)$9.21k
IMPORTS (2023)$17.2M
NET TRADE (2023)-$17.2M

In 2023, Armenia exported $9.21k in Bananas. The main destinations of Armenia exports on Bananas were Czechia ($7.52k), United States ($1.52k), and Russia ($171).

In 2023, Armenia imported $17.2M in Bananas, mainly from Ecuador ($15.8M), Georgia ($1.29M), Costa Rica ($51.5k), Russia ($15.3k), and Pakistan ($8.84k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Bananas EXPORT MARKETS FOR Armenia WERE (2022 - 2023):
Czechia$4.9k (187%)
United States$1.29k (559%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Bananas BY Armenia WERE (2022 - 2023):
Russia-$266k (-99.9%)
Georgia-$5.44k (-100%)
Lithuania-$831 (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Bananas by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCzechia+ $7.58k
TOP IMPORT POTENTIALColombia+ $8.34k

Bananas’s highest export potential is Czechia. With an export gap of $7.58k.   Bananas’s highest import potential is Colombia with an import gap of $8.34k.

See methodology.

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