2022
Exports
$8.49kWorld Rnk 128 / 183
Flag Rnk 767 / 945
2022
PRODUCT COMPLEXITY IN Basketwork
-1.47Rnk 944 / 1025
2022
Imports
$242kWorld Rnk 111 / 216
Flag Rnk 800 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $8.49k in Basketwork, making it the 128th largest exporter of Basketwork in the world. At the same year, Basketwork was the 767th most exported product in Armenia. The main destination of Basketwork exports from Armenia are: Belarus ($7.45k), Italy ($410), Russia ($345), France ($268), and Georgia ($17).

The fastest growing export markets for Basketwork of Armenia between 2021 and 2022 were Belarus ($7.45k), Italy ($410), and Russia ($345).

Imports In 2022, Armenia imported $242k in Basketwork, becoming the 111th largest importer of Basketwork in the world. At the same year, Basketwork was the 800th most imported product in Armenia. Armenia imports Basketwork primarily from: China ($94.5k), United Arab Emirates ($32.2k), Russia ($19.8k), Poland ($18.6k), and Vietnam ($16.7k).

The fastest growing import markets in Basketwork for Armenia between 2021 and 2022 were United Arab Emirates ($30.5k), China ($26.2k), and Turkey ($15.8k).

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 Basketwork. 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)$8.49k
IMPORTS (2022)$242k
NET TRADE (2022)-$234k

In 2022, Armenia exported $8.49k in Basketwork. The main destinations of Armenia exports on Basketwork were Belarus ($7.45k), Italy ($410), Russia ($345), France ($268), and Georgia ($17).

In 2022, Armenia imported $242k in Basketwork, mainly from China ($94.5k), United Arab Emirates ($32.2k), Russia ($19.8k), Poland ($18.6k), and Vietnam ($16.7k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Basketwork EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
Belarus$7.45k (1%)
Italy$410 (1%)
Russia$345 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Basketwork BY Armenia WERE (2021 - 2022):
Seychelles-$380 (-100%)
Canada-$58 (-100%)
Georgia-$26 (-60.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Basketwork by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALItaly+ $1.43k
TOP IMPORT POTENTIALChina+ $75.1k

Basketwork’s highest export potential is Italy. With an export gap of $1.43k.   Basketwork’s highest import potential is China with an import gap of $75.1k.

See methodology.

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