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2017
Exports $4.19kWorld Rnk 0 / 0
Flag Rnk 0 / 0
falsefalseN/A
2022
PRODUCT COMPLEXITY IN Palm Oil-2.31Rnk 1012 / 1025
2017
Imports $1.93MWorld Rnk 160 / 208
Flag Rnk 446 / 1142
2022
ECONOMIC COMPLEXITY of Armenia0.00081Rnk 66 / 133

About

Imports In 2022, Armenia imported $1.93M in Palm Oil, becoming the 160th largest importer of Palm Oil in the world. At the same year, Palm Oil was the 446th most imported product in Armenia. Armenia imports Palm Oil primarily from: Russia ($719k), Netherlands ($448k), Italy ($440k), Indonesia ($164k), and Sweden ($129k).

The fastest growing import markets in Palm Oil for Armenia between 2021 and 2022 were Sweden ($129k) and Russia ($93.8k).

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 Palm 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 (2017)$4.19k
IMPORTS (2022)$1.93M
NET TRADE (2022)-$1.93M

In 2022, Armenia imported $1.93M in Palm Oil, mainly from Russia ($719k), Netherlands ($448k), Italy ($440k), Indonesia ($164k), and Sweden ($129k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Armenia's main exporting competitors in Palm Oil were:
Indonesia $28.7B
Malaysia $17.7B
Thailand $1.31B
In 2022, Armenia's main importing competitors in Palm Oil were:
India $11.1B
China $4.85B
Pakistan $3.8B

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Trade Value of Palm Oil by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALIndia+ $774
TOP IMPORT POTENTIALIndonesia+ $373k

Palm Oil’s highest export potential is India. With an export gap of $774.   Palm Oil’s highest import potential is Indonesia with an import gap of $373k.

See methodology.

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