2022
Exports
$1.91MWorld Rnk 96 / 169
Flag Rnk 187 / 945
2022
PRODUCT COMPLEXITY IN Crustaceans
-1.97Rnk 999 / 1025
2022
Imports
$8.43MWorld Rnk 77 / 217
Flag Rnk 192 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $1.91M in Crustaceans, making it the 96th largest exporter of Crustaceans in the world. At the same year, Crustaceans was the 187th most exported product in Armenia. The main destination of Crustaceans exports from Armenia are: Russia ($1.91M).

The fastest growing export markets for Crustaceans of Armenia between 2021 and 2022 were Russia ($1.91M).

Imports In 2022, Armenia imported $8.43M in Crustaceans, becoming the 77th largest importer of Crustaceans in the world. At the same year, Crustaceans was the 192nd most imported product in Armenia. Armenia imports Crustaceans primarily from: Denmark ($5.11M), Ecuador ($937k), Greenland ($566k), Argentina ($378k), and Russia ($336k).

The fastest growing import markets in Crustaceans for Armenia between 2021 and 2022 were Denmark ($5.11M), Ecuador ($831k), and Greenland ($554k).

Latest Trends

Oct 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 Crustaceans. 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)$1.91M
IMPORTS (2022)$8.43M
NET TRADE (2022)-$6.52M

In 2022, Armenia exported $1.91M in Crustaceans. The main destinations of Armenia exports on Crustaceans were Russia ($1.91M).

In 2022, Armenia imported $8.43M in Crustaceans, mainly from Denmark ($5.11M), Ecuador ($937k), Greenland ($566k), Argentina ($378k), and Russia ($336k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Crustaceans EXPORT MARKETS FOR Armenia WERE (2021 - 2022):Russia$1.91M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crustaceans BY Armenia WERE (2021 - 2022):
Georgia-$7.98k (-100%)
Austria-$973 (-100%)
Slovenia-$117 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Armenia's main exporting competitors in Crustaceans were:
Ecuador $7.98B
India $5.12B
Canada $3.51B
In 2022, Armenia's main importing competitors in Crustaceans were:

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Trade Value of Crustaceans by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $3.6k
TOP IMPORT POTENTIALEcuador+ $659k

Crustaceans’s highest export potential is China. With an export gap of $3.6k.   Crustaceans’s highest import potential is Ecuador with an import gap of $659k.

See methodology.

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