2022
Exports
$11MWorld Rnk 86 / 217
Flag Rnk 35 / 96
2022
PRODUCT COMPLEXITY IN Paints, dyes, & varnishes
1.08Rnk 144 / 1025
2022
Imports
$69MWorld Rnk 101 / 225
Flag Rnk 29 / 96
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $11M in Paints, dyes, & varnishes, making it the 86th largest exporter of Paints, dyes, & varnishes in the world. At the same year, Paints, dyes, & varnishes was the 35th most exported product in Armenia. The main destination of Paints, dyes, & varnishes exports from Armenia are: Russia ($8.23M), Kazakhstan ($1.01M), Georgia ($844k), Belarus ($375k), and Moldova ($315k).

The fastest growing export markets for Paints, dyes, & varnishes of Armenia between 2021 and 2022 were Russia ($8.11M), Kazakhstan ($1.01M), and Belarus ($375k).

Imports In 2022, Armenia imported $69M in Paints, dyes, & varnishes, becoming the 101st largest importer of Paints, dyes, & varnishes in the world. At the same year, Paints, dyes, & varnishes was the 29th most imported product in Armenia. Armenia imports Paints, dyes, & varnishes primarily from: Poland ($9.08M), Russia ($9.05M), Georgia ($7.68M), China ($4.95M), and Italy ($4.77M).

The fastest growing import markets in Paints, dyes, & varnishes for Armenia between 2021 and 2022 were Poland ($5.77M), Georgia ($4.02M), and Italy ($3.27M).

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 Paints, dyes, & varnishes. 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)$11M
IMPORTS (2022)$69M
NET TRADE (2022)-$58.1M

In 2022, Armenia exported $11M in Paints, dyes, & varnishes. The main destinations of Armenia exports on Paints, dyes, & varnishes were Russia ($8.23M), Kazakhstan ($1.01M), Georgia ($844k), Belarus ($375k), and Moldova ($315k).

In 2022, Armenia imported $69M in Paints, dyes, & varnishes, mainly from Poland ($9.08M), Russia ($9.05M), Georgia ($7.68M), China ($4.95M), and Italy ($4.77M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Paints, dyes, & varnishes EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
Russia$8.11M (7.03k%)
Kazakhstan$1.01M (1%)
Belarus$375k (131k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Paints, dyes, & varnishes BY Armenia WERE (2021 - 2022):
Czechia-$36.2k (-69.9%)
Saudi Arabia-$14.4k (-100%)
Canada-$12.1k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Armenia's main exporting competitors in Paints, dyes, & varnishes were:
In 2022, Armenia's main importing competitors in Paints, dyes, & varnishes were:

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Trade Value of Paints, dyes, & varnishes by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALIran+ $180k
TOP IMPORT POTENTIALGermany+ $2.08M

Paints, dyes, & varnishes’s highest export potential is Iran. With an export gap of $180k.   Paints, dyes, & varnishes’s highest import potential is Germany with an import gap of $2.08M.

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