2023
Exports
$17.3kWorld Rnk 152 / 177
Flag Rnk 744 / 973
2023
PRODUCT COMPLEXITY IN Other Oily Seeds
-2.38Rnk 1016 / 1025
2023
Imports
$1.8MWorld Rnk 109 / 213
Flag Rnk 490 / 1135
2023
ECONOMIC COMPLEXITY of Armenia
0.094Rnk 57 / 132

About

Exports In 2023, Armenia exported $17.3k in Other Oily Seeds, making it the 152nd largest exporter of Other Oily Seeds in the world. At the same year, Other Oily Seeds was the 744th most exported product in Armenia. The main destination of Other Oily Seeds exports from Armenia are: United States ($11.7k), Belarus ($2.66k), Kazakhstan ($1.76k), and Russia ($1.16k).

The fastest growing export markets for Other Oily Seeds of Armenia between 2022 and 2023 were United States ($6.16k), Belarus ($2.66k), and Russia ($961).

Imports In 2023, Armenia imported $1.8M in Other Oily Seeds, becoming the 109th largest importer of Other Oily Seeds in the world. At the same year, Other Oily Seeds was the 490th most imported product in Armenia. Armenia imports Other Oily Seeds primarily from: China ($523k), Russia ($432k), India ($348k), United Arab Emirates ($239k), and Netherlands ($141k).

The fastest growing import markets in Other Oily Seeds for Armenia between 2022 and 2023 were United Arab Emirates ($237k), China ($182k), and Paraguay ($22.6k).

Latest Trends

Dec 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 Other Oily Seeds. 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)$17.3k
IMPORTS (2023)$1.8M
NET TRADE (2023)-$1.78M

In 2023, Armenia exported $17.3k in Other Oily Seeds. The main destinations of Armenia exports on Other Oily Seeds were United States ($11.7k), Belarus ($2.66k), Kazakhstan ($1.76k), and Russia ($1.16k).

In 2023, Armenia imported $1.8M in Other Oily Seeds, mainly from China ($523k), Russia ($432k), India ($348k), United Arab Emirates ($239k), and Netherlands ($141k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Other Oily Seeds EXPORT MARKETS FOR Armenia WERE (2022 - 2023):
United States$6.16k (111%)
Belarus$2.66k (1%)
Russia$961 (476%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Oily Seeds BY Armenia WERE (2022 - 2023):
Iran-$336 (-100%)
Netherlands-$8 (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Armenia's main exporting competitors in Other Oily Seeds were:
Sudan $709M
India $576M
China $411M
In 2023, Armenia's main importing competitors in Other Oily Seeds were:

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Trade Value of Other Oily Seeds by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $8.04k
TOP IMPORT POTENTIALIndia+ $205k

Other Oily Seeds’s highest export potential is United States. With an export gap of $8.04k.   Other Oily Seeds’s highest import potential is India with an import gap of $205k.

See methodology.

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