2018
Exports
$221kWorld Rnk 24 / 113
Flag Rnk 438 / 945
2018
Imports
$665kWorld Rnk 76 / 189
Flag Rnk 626 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2018, Armenia exported $221k in Olive Oil, making it the 24th largest exporter of Olive Oil in the world. At the same year, Olive Oil was the 438th most exported product in Armenia. The main destination of Olive Oil exports from Armenia are: Russia ($221k).

The fastest growing export markets for Olive Oil of Armenia between N/A and 2022 were Russia ($221k).

Imports In 2022, Armenia imported $665k in Olive Oil, becoming the 76th largest importer of Olive Oil in the world. At the same year, Olive Oil was the 626th most imported product in Armenia. Armenia imports Olive Oil primarily from: Italy ($490k), Spain ($174k), and United Arab Emirates ($1.03k).

The fastest growing import markets in Olive Oil for Armenia between 2021 and 2022 were Italy ($281k), Spain ($170k), and United Arab Emirates ($1.03k).

Latest Trends

Oct 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 Olive Oil. 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)$221k
IMPORTS (2022)$665k
NET TRADE (2022)-$443k

In 2022, Armenia exported $221k in Olive Oil. The main destinations of Armenia exports on Olive Oil were Russia ($221k).

In 2022, Armenia imported $665k in Olive Oil, mainly from Italy ($490k), Spain ($174k), and United Arab Emirates ($1.03k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Olive Oil EXPORT MARKETS FOR Armenia WERE (N/A - 2022):Russia$221k (1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Armenia's main exporting competitors in Olive Oil were:
Spain $322M
Italy $115M
Greece $69.6M
In 2022, Armenia's main importing competitors in Olive Oil were:

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Trade Value of Olive Oil by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $1.01k
TOP IMPORT POTENTIALSpain+ $29.1k

Olive Oil’s highest export potential is United States. With an export gap of $1.01k.   Olive Oil’s highest import potential is Spain with an import gap of $29.1k.

See methodology.

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