2018
Exports
$49.2kWorld Rnk 104 / 153
Flag Rnk 623 / 945
2022
PRODUCT COMPLEXITY IN Insect Resins
-2.5Rnk 1019 / 1025
2018
Imports
$287kWorld Rnk 103 / 197
Flag Rnk 776 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2018, Armenia exported $49.2k in Insect Resins, making it the 104th largest exporter of Insect Resins in the world. At the same year, Insect Resins was the 623rd most exported product in Armenia. The main destination of Insect Resins exports from Armenia are: Russia ($49.2k) and Netherlands ($7).

The fastest growing export markets for Insect Resins of Armenia between 2021 and 2022 were Russia ($49.1k) and Netherlands ($7).

Imports In 2022, Armenia imported $287k in Insect Resins, becoming the 103rd largest importer of Insect Resins in the world. At the same year, Insect Resins was the 776th most imported product in Armenia. Armenia imports Insect Resins primarily from: United Arab Emirates ($129k), Georgia ($61.5k), Italy ($45k), Germany ($22.6k), and France ($15.1k).

The fastest growing import markets in Insect Resins for Armenia between 2021 and 2022 were Georgia ($60.8k), Italy ($39k), and France ($11.7k).

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 Insect Resins. 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)$49.2k
IMPORTS (2022)$287k
NET TRADE (2022)-$237k

In 2022, Armenia exported $49.2k in Insect Resins. The main destinations of Armenia exports on Insect Resins were Russia ($49.2k) and Netherlands ($7).

In 2022, Armenia imported $287k in Insect Resins, mainly from United Arab Emirates ($129k), Georgia ($61.5k), Italy ($45k), Germany ($22.6k), and France ($15.1k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Insect Resins EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
Russia$49.1k (72.3k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Insect Resins BY Armenia WERE (2021 - 2022):Belgium-$432 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Insect Resins by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $1.35k
TOP IMPORT POTENTIALFrance+ $13.5k

Insect Resins’s highest export potential is India. With an export gap of $1.35k.   Insect Resins’s highest import potential is France with an import gap of $13.5k.

See methodology.

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