2023
Exports
$52.5kWorld Rnk 103 / 140
Flag Rnk 642 / 973
2023
PRODUCT COMPLEXITY IN Insect Resins
-2.36Rnk 1014 / 1025
2023
Imports
$247kWorld Rnk 109 / 191
Flag Rnk 814 / 1135
2023
ECONOMIC COMPLEXITY of Armenia
0.094Rnk 57 / 132

About

Exports In 2023, Armenia exported $52.5k in Insect Resins, making it the 103rd largest exporter of Insect Resins in the world. At the same year, Insect Resins was the 642nd most exported product in Armenia. The main destination of Insect Resins exports from Armenia are: Russia ($52.5k).

The fastest growing export markets for Insect Resins of Armenia between 2022 and 2023 were Russia ($3.33k).

Imports In 2023, Armenia imported $247k in Insect Resins, becoming the 109th largest importer of Insect Resins in the world. At the same year, Insect Resins was the 814th most imported product in Armenia. Armenia imports Insect Resins primarily from: United Arab Emirates ($85.1k), Italy ($38.5k), Georgia ($31k), Germany ($25.2k), and Sudan ($20.1k).

The fastest growing import markets in Insect Resins for Armenia between 2022 and 2023 were Sudan ($15.4k), China ($12.2k), and Germany ($8.38k).

Latest Trends

Jan 2025

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 (2023)$52.5k
IMPORTS (2023)$247k
NET TRADE (2023)-$195k

In 2023, Armenia exported $52.5k in Insect Resins. The main destinations of Armenia exports on Insect Resins were Russia ($52.5k).

In 2023, Armenia imported $247k in Insect Resins, mainly from United Arab Emirates ($85.1k), Italy ($38.5k), Georgia ($31k), Germany ($25.2k), and Sudan ($20.1k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Insect Resins EXPORT MARKETS FOR Armenia WERE (2022 - 2023):Russia$3.33k (6.77%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Insect Resins BY Armenia WERE (2022 - 2023):Netherlands-$7 (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Armenia's main exporting competitors in Insect Resins were:
In 2023, 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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