2022
Exports
$18.6MWorld Rnk 30 / 148
Flag Rnk 37 / 945
2022
PRODUCT COMPLEXITY IN Butter
0.015Rnk 543 / 1025
2022
Imports
$23.3MWorld Rnk 58 / 220
Flag Rnk 86 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $18.6M in Butter, making it the 30th largest exporter of Butter in the world. At the same year, Butter was the 37th most exported product in Armenia. The main destination of Butter exports from Armenia are: Russia ($18.3M), Uzbekistan ($120k), Kazakhstan ($115k), Georgia ($5.57k), and United States ($2.17k).

The fastest growing export markets for Butter of Armenia between 2021 and 2022 were Russia ($17.5M), Uzbekistan ($120k), and Kazakhstan ($115k).

Imports In 2022, Armenia imported $23.3M in Butter, becoming the 58th largest importer of Butter in the world. At the same year, Butter was the 86th most imported product in Armenia. Armenia imports Butter primarily from: New Zealand ($11.1M), Iran ($3.98M), Finland ($2.81M), Netherlands ($1.46M), and France ($1.04M).

The fastest growing import markets in Butter for Armenia between 2021 and 2022 were New Zealand ($4.49M), Iran ($3.88M), and Netherlands ($1.46M).

Latest Trends

Sep 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 Butter. 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)$18.6M
IMPORTS (2022)$23.3M
NET TRADE (2022)-$4.77M

In 2022, Armenia exported $18.6M in Butter. The main destinations of Armenia exports on Butter were Russia ($18.3M), Uzbekistan ($120k), Kazakhstan ($115k), Georgia ($5.57k), and United States ($2.17k).

In 2022, Armenia imported $23.3M in Butter, mainly from New Zealand ($11.1M), Iran ($3.98M), Finland ($2.81M), Netherlands ($1.46M), and France ($1.04M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Butter EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
Russia$17.5M (2.15k%)
Uzbekistan$120k (1%)
Kazakhstan$115k (1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Butter by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALKazakhstan+ $99.3k
TOP IMPORT POTENTIALNetherlands+ $540k

Butter’s highest export potential is Kazakhstan. With an export gap of $99.3k.   Butter’s highest import potential is Netherlands with an import gap of $540k.

See methodology.

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