2017
Exports
$1.65kWorld Rnk 0 / 0
Flag Rnk 0 / 0
falsefalseN/A
2023
PRODUCT COMPLEXITY IN Palm Oil
-2.25Rnk 1010 / 1025
2017
Imports
$2.21MWorld Rnk 156 / 206
Flag Rnk 454 / 1135
2023
ECONOMIC COMPLEXITY of Armenia
0.094Rnk 57 / 132

About

Imports In 2023, Armenia imported $2.21M in Palm Oil, becoming the 156th largest importer of Palm Oil in the world. At the same year, Palm Oil was the 454th most imported product in Armenia. Armenia imports Palm Oil primarily from: Russia ($587k), Italy ($466k), Netherlands ($309k), Indonesia ($268k), and Lithuania ($185k).

The fastest growing import markets in Palm Oil for Armenia between 2022 and 2023 were Lithuania ($185k), Georgia ($135k), and Indonesia ($84.6k).

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 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)$1.65k
IMPORTS (2023)$2.21M
NET TRADE (2023)-$2.21M

In 2023, Armenia imported $2.21M in Palm Oil, mainly from Russia ($587k), Italy ($466k), Netherlands ($309k), Indonesia ($268k), and Lithuania ($185k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Armenia's main exporting competitors in Palm Oil were:
In 2023, Armenia's main importing competitors in Palm Oil were:
India $8.7B
China $4.85B

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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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