2022
Exports
$61.2kWorld Rnk 43 / 85
Flag Rnk 601 / 945
2022
PRODUCT COMPLEXITY IN Hops
0.45Rnk 387 / 1025
2022
Imports
$673kWorld Rnk 73 / 160
Flag Rnk 622 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $61.2k in Hops, making it the 43rd largest exporter of Hops in the world. At the same year, Hops was the 601st most exported product in Armenia. The main destination of Hops exports from Armenia are: Russia ($61.2k).

The fastest growing export markets for Hops of Armenia between N/A and 2022 were Russia ($61.2k).

Imports In 2022, Armenia imported $673k in Hops, becoming the 73rd largest importer of Hops in the world. At the same year, Hops was the 622nd most imported product in Armenia. Armenia imports Hops primarily from: Germany ($515k), Bulgaria ($65.9k), United States ($48.4k), Austria ($12.1k), and Belgium ($9.73k).

The fastest growing import markets in Hops for Armenia between 2021 and 2022 were Germany ($271k), United States ($33.9k), and Bulgaria ($12.3k).

Latest Trends

Nov 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 Hops. 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)$61.2k
IMPORTS (2022)$673k
NET TRADE (2022)-$612k

In 2022, Armenia exported $61.2k in Hops. The main destinations of Armenia exports on Hops were Russia ($61.2k).

In 2022, Armenia imported $673k in Hops, mainly from Germany ($515k), Bulgaria ($65.9k), United States ($48.4k), Austria ($12.1k), and Belgium ($9.73k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hops EXPORT MARKETS FOR Armenia WERE (N/A - 2022):Russia$61.2k (1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Hops by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALRussia+ $3.38k
TOP IMPORT POTENTIALUnited States+ $27.4k

Hops’s highest export potential is Russia. With an export gap of $3.38k.   Hops’s highest import potential is United States with an import gap of $27.4k.

See methodology.

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