2022
Exports
$13.7MWorld Rnk 95 / 217
Flag Rnk 54 / 945
2022
PRODUCT COMPLEXITY IN Packaged Medicaments
0.67Rnk 291 / 1025
2022
Imports
$123MWorld Rnk 126 / 224
Flag Rnk 9 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $13.7M in Packaged Medicaments, making it the 95th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 54th most exported product in Armenia. The main destination of Packaged Medicaments exports from Armenia are: Russia ($4.45M), Georgia ($2.67M), Uzbekistan ($2.28M), Moldova ($1.15M), and Kazakhstan ($631k).

The fastest growing export markets for Packaged Medicaments of Armenia between 2021 and 2022 were Russia ($1.19M), Georgia ($488k), and United States ($377k).

Imports In 2022, Armenia imported $123M in Packaged Medicaments, becoming the 126th largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 9th most imported product in Armenia. Armenia imports Packaged Medicaments primarily from: Switzerland ($17M), United States ($15.3M), Russia ($14M), Hungary ($8.73M), and Georgia ($8.24M).

The fastest growing import markets in Packaged Medicaments for Armenia between 2021 and 2022 were Switzerland ($14M), United States ($10.8M), and India ($2.93M).

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 Packaged Medicaments. 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)$13.7M
IMPORTS (2022)$123M
NET TRADE (2022)-$109M

In 2022, Armenia exported $13.7M in Packaged Medicaments. The main destinations of Armenia exports on Packaged Medicaments were Russia ($4.45M), Georgia ($2.67M), Uzbekistan ($2.28M), Moldova ($1.15M), and Kazakhstan ($631k).

In 2022, Armenia imported $123M in Packaged Medicaments, mainly from Switzerland ($17M), United States ($15.3M), Russia ($14M), Hungary ($8.73M), and Georgia ($8.24M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
Russia$1.19M (36.4%)
Georgia$488k (22.3%)
United States$377k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Armenia WERE (2021 - 2022):
Poland-$1.02M (-100%)
Ukraine-$146k (-31%)
Yemen-$63.6k (-38.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Armenia's main exporting competitors in Packaged Medicaments were:
In 2022, Armenia's main importing competitors in Packaged Medicaments were:

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Trade Value of Packaged Medicaments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALRussia+ $2.99M
TOP IMPORT POTENTIALGermany+ $7.34M

Packaged Medicaments’s highest export potential is Russia. With an export gap of $2.99M.   Packaged Medicaments’s highest import potential is Germany with an import gap of $7.34M.

See methodology.

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