2023
Exports
$309MWorld Rnk 19 / 199
Flag Rnk 9 / 973
2023
PRODUCT COMPLEXITY IN Hard Liquor
-0.58Rnk 730 / 1025
2023
Imports
$44.5MWorld Rnk 70 / 226
Flag Rnk 42 / 1135
2023
ECONOMIC COMPLEXITY of Armenia
0.094Rnk 57 / 132

About

Exports In 2023, Armenia exported $309M in Hard Liquor, making it the 19th largest exporter of Hard Liquor in the world. At the same year, Hard Liquor was the 9th most exported product in Armenia. The main destination of Hard Liquor exports from Armenia are: Russia ($253M), Belarus ($14.2M), Ukraine ($8.82M), Curaçao ($6.75M), and Kazakhstan ($4.52M).

The fastest growing export markets for Hard Liquor of Armenia between 2022 and 2023 were Russia ($13.1M), Belarus ($2.56M), and China ($1.35M).

Imports In 2023, Armenia imported $44.5M in Hard Liquor, becoming the 70th largest importer of Hard Liquor in the world. At the same year, Hard Liquor was the 42nd most imported product in Armenia. Armenia imports Hard Liquor primarily from: Georgia ($21.6M), Russia ($4.99M), Mexico ($2.55M), United Kingdom ($2.15M), and France ($1.87M).

The fastest growing import markets in Hard Liquor for Armenia between 2022 and 2023 were Georgia ($17.3M), Mexico ($1.56M), and France ($1.08M).

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 Hard Liquor. 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)$309M
IMPORTS (2023)$44.5M
NET TRADE (2023)$265M

In 2023, Armenia exported $309M in Hard Liquor. The main destinations of Armenia exports on Hard Liquor were Russia ($253M), Belarus ($14.2M), Ukraine ($8.82M), Curaçao ($6.75M), and Kazakhstan ($4.52M).

In 2023, Armenia imported $44.5M in Hard Liquor, mainly from Georgia ($21.6M), Russia ($4.99M), Mexico ($2.55M), United Kingdom ($2.15M), and France ($1.87M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Hard Liquor EXPORT MARKETS FOR Armenia WERE (2022 - 2023):
Russia$13.1M (5.46%)
Belarus$2.56M (22%)
China$1.35M (106%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hard Liquor BY Armenia WERE (2022 - 2023):
United States-$2.5M (-35.9%)
Moldova-$1.28M (-98.8%)
United Kingdom-$1.09M (-85.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Hard Liquor by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $11.6M
TOP IMPORT POTENTIALUnited Kingdom+ $1.21M

Hard Liquor’s highest export potential is United States. With an export gap of $11.6M.   Hard Liquor’s highest import potential is United Kingdom with an import gap of $1.21M.

See methodology.

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