2022
Exports
$27.3kWorld Rnk 115 / 151
Flag Rnk 685 / 945
2022
PRODUCT COMPLEXITY IN Milk
-0.0031Rnk 548 / 1025
2022
Imports
$24.8MWorld Rnk 49 / 221
Flag Rnk 76 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $27.3k in Milk, making it the 115th largest exporter of Milk in the world. At the same year, Milk was the 685th most exported product in Armenia. The main destination of Milk exports from Armenia are: Russia ($25.5k) and Georgia ($1.84k).

The fastest growing export markets for Milk of Armenia between 2021 and 2022 were Russia ($20k) and Georgia ($523).

Imports In 2022, Armenia imported $24.8M in Milk, becoming the 49th largest importer of Milk in the world. At the same year, Milk was the 76th most imported product in Armenia. Armenia imports Milk primarily from: Iran ($22.5M), Russia ($966k), Kazakhstan ($341k), France ($256k), and Ukraine ($240k).

The fastest growing import markets in Milk for Armenia between 2021 and 2022 were Iran ($19.3M), Russia ($602k), and France ($101k).

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 Milk. 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)$27.3k
IMPORTS (2022)$24.8M
NET TRADE (2022)-$24.7M

In 2022, Armenia exported $27.3k in Milk. The main destinations of Armenia exports on Milk were Russia ($25.5k) and Georgia ($1.84k).

In 2022, Armenia imported $24.8M in Milk, mainly from Iran ($22.5M), Russia ($966k), Kazakhstan ($341k), France ($256k), and Ukraine ($240k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Milk EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
Russia$20k (369%)
Georgia$523 (39.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Armenia's main exporting competitors in Milk were:
In 2022, Armenia's main importing competitors in Milk were:
Germany $2.03B
China $1.46B

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Trade Value of Milk by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGeorgia+ $2.14k
TOP IMPORT POTENTIALFrance+ $293k

Milk’s highest export potential is Georgia. With an export gap of $2.14k.   Milk’s highest import potential is France with an import gap of $293k.

See methodology.

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