2022
Exports
$121kWorld Rnk 109 / 184
Flag Rnk 531 / 945
2022
PRODUCT COMPLEXITY IN Salt
-1.11Rnk 857 / 1025
2022
Imports
$1.4MWorld Rnk 127 / 222
Flag Rnk 501 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $121k in Salt, making it the 109th largest exporter of Salt in the world. At the same year, Salt was the 531st most exported product in Armenia. The main destination of Salt exports from Armenia are: Russia ($68.3k), Georgia ($27.6k), Switzerland ($17.6k), United States ($6.73k), and Kazakhstan ($1.13k).

The fastest growing export markets for Salt of Armenia between 2021 and 2022 were Russia ($48.2k), Georgia ($11.9k), and United States ($3.82k).

Imports In 2022, Armenia imported $1.4M in Salt, becoming the 127th largest importer of Salt in the world. At the same year, Salt was the 501st most imported product in Armenia. Armenia imports Salt primarily from: Iran ($1M), Russia ($145k), Pakistan ($62.6k), Turkey ($26.8k), and Ukraine ($26.1k).

The fastest growing import markets in Salt for Armenia between 2021 and 2022 were Pakistan ($38.1k), Turkey ($26.8k), and Spain ($12.2k).

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 Salt. 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)$121k
IMPORTS (2022)$1.4M
NET TRADE (2022)-$1.28M

In 2022, Armenia exported $121k in Salt. The main destinations of Armenia exports on Salt were Russia ($68.3k), Georgia ($27.6k), Switzerland ($17.6k), United States ($6.73k), and Kazakhstan ($1.13k).

In 2022, Armenia imported $1.4M in Salt, mainly from Iran ($1M), Russia ($145k), Pakistan ($62.6k), Turkey ($26.8k), and Ukraine ($26.1k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Salt EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
Russia$48.2k (240%)
Georgia$11.9k (76.2%)
United States$3.82k (132%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Salt BY Armenia WERE (2021 - 2022):
Switzerland-$20k (-53.2%)
France-$1.37k (-100%)
Kazakhstan-$196 (-14.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Salt by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $19.3k
TOP IMPORT POTENTIALPakistan+ $52k

Salt’s highest export potential is United States. With an export gap of $19.3k.   Salt’s highest import potential is Pakistan with an import gap of $52k.

See methodology.

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