2023
Exports
$244kWorld Rnk 69 / 160
Flag Rnk 447 / 973
2023
PRODUCT COMPLEXITY IN Pure Olive Oil
-0.73Rnk 765 / 1025
2023
Imports
$2.24MWorld Rnk 103 / 221
Flag Rnk 450 / 1135
2023
ECONOMIC COMPLEXITY of Armenia
0.094Rnk 57 / 132

About

Exports In 2023, Armenia exported $244k in Pure Olive Oil, making it the 69th largest exporter of Pure Olive Oil in the world. At the same year, Pure Olive Oil was the 447th most exported product in Armenia. The main destination of Pure Olive Oil exports from Armenia are: Russia ($244k) and Australia ($397).

The fastest growing export markets for Pure Olive Oil of Armenia between 2022 and 2023 were Australia ($397).

Imports In 2023, Armenia imported $2.24M in Pure Olive Oil, becoming the 103rd largest importer of Pure Olive Oil in the world. At the same year, Pure Olive Oil was the 450th most imported product in Armenia. Armenia imports Pure Olive Oil primarily from: Italy ($823k), Spain ($679k), Russia ($250k), Greece ($171k), and Georgia ($88.4k).

The fastest growing import markets in Pure Olive Oil for Armenia between 2022 and 2023 were Russia ($243k), Italy ($162k), and Georgia ($79.4k).

Latest Trends

Jan 2025

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 Pure Olive 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 (2023)$244k
IMPORTS (2023)$2.24M
NET TRADE (2023)-$2M

In 2023, Armenia exported $244k in Pure Olive Oil. The main destinations of Armenia exports on Pure Olive Oil were Russia ($244k) and Australia ($397).

In 2023, Armenia imported $2.24M in Pure Olive Oil, mainly from Italy ($823k), Spain ($679k), Russia ($250k), Greece ($171k), and Georgia ($88.4k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Pure Olive Oil EXPORT MARKETS FOR Armenia WERE (2022 - 2023):Australia$397 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pure Olive Oil BY Armenia WERE (2022 - 2023):Russia-$1.23M (-83.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Armenia's main exporting competitors in Pure Olive Oil were:
Spain $4.69B
Italy $2.14B
Greece $1.35B
In 2023, Armenia's main importing competitors in Pure Olive Oil were:

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Trade Value of Pure Olive Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.37k
TOP IMPORT POTENTIALSpain+ $217k

Pure Olive Oil’s highest export potential is United States. With an export gap of $2.37k.   Pure Olive Oil’s highest import potential is Spain with an import gap of $217k.

See methodology.

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