2022
Exports
$12.7MWorld Rnk 62 / 169
Flag Rnk 56 / 945
2022
PRODUCT COMPLEXITY IN Cheese
-0.14Rnk 591 / 1025
2022
Imports
$14MWorld Rnk 104 / 223
Flag Rnk 136 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $12.7M in Cheese, making it the 62nd largest exporter of Cheese in the world. At the same year, Cheese was the 56th most exported product in Armenia. The main destination of Cheese exports from Armenia are: Russia ($11M), United States ($1.19M), Georgia ($344k), Germany ($70.5k), and Vietnam ($32.1k).

The fastest growing export markets for Cheese of Armenia between 2021 and 2022 were United States ($141k), Germany ($70.5k), and Vietnam ($10k).

Imports In 2022, Armenia imported $14M in Cheese, becoming the 104th largest importer of Cheese in the world. At the same year, Cheese was the 136th most imported product in Armenia. Armenia imports Cheese primarily from: Russia ($4.18M), Germany ($1.48M), New Zealand ($1.39M), Iran ($1.33M), and Italy ($1.04M).

The fastest growing import markets in Cheese for Armenia between 2021 and 2022 were Russia ($1.93M), Iran ($866k), and New Zealand ($345k).

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 Cheese. 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)$12.7M
IMPORTS (2022)$14M
NET TRADE (2022)-$1.35M

In 2022, Armenia exported $12.7M in Cheese. The main destinations of Armenia exports on Cheese were Russia ($11M), United States ($1.19M), Georgia ($344k), Germany ($70.5k), and Vietnam ($32.1k).

In 2022, Armenia imported $14M in Cheese, mainly from Russia ($4.18M), Germany ($1.48M), New Zealand ($1.39M), Iran ($1.33M), and Italy ($1.04M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cheese EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
United States$141k (13.4%)
Germany$70.5k (1%)
Vietnam$10k (45.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cheese BY Armenia WERE (2021 - 2022):
Russia-$2.69M (-19.6%)
Georgia-$91.1k (-20.9%)
United Arab Emirates-$4.07k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Armenia's main exporting competitors in Cheese were:
In 2022, Armenia's main importing competitors in Cheese were:
Germany $5.19B
Italy $2.62B

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Trade Value of Cheese by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.25M
TOP IMPORT POTENTIALGermany+ $922k

Cheese’s highest export potential is United States. With an export gap of $1.25M.   Cheese’s highest import potential is Germany with an import gap of $922k.

See methodology.

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