2022
Exports
$774kWorld Rnk 84 / 152
Flag Rnk 286 / 945
2022
PRODUCT COMPLEXITY IN Seed Oils
-0.99Rnk 836 / 1025
2022
Imports
$46MWorld Rnk 62 / 211
Flag Rnk 26 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $774k in Seed Oils, making it the 84th largest exporter of Seed Oils in the world. At the same year, Seed Oils was the 286th most exported product in Armenia. The main destination of Seed Oils exports from Armenia are: France ($458k), Georgia ($137k), Iraq ($95.7k), United States ($59.7k), and Belgium ($19.8k).

The fastest growing export markets for Seed Oils of Armenia between 2021 and 2022 were France ($458k), Georgia ($108k), and Iraq ($95.7k).

Imports In 2022, Armenia imported $46M in Seed Oils, becoming the 62nd largest importer of Seed Oils in the world. At the same year, Seed Oils was the 26th most imported product in Armenia. Armenia imports Seed Oils primarily from: Russia ($45.4M), Georgia ($236k), Italy ($190k), Cyprus ($76.5k), and Ukraine ($44.2k).

The fastest growing import markets in Seed Oils for Armenia between 2021 and 2022 were Russia ($11.8M), Georgia ($236k), and Italy ($63.7k).

Latest Trends

Sep 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 Seed Oils. 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)$774k
IMPORTS (2022)$46M
NET TRADE (2022)-$45.2M

In 2022, Armenia exported $774k in Seed Oils. The main destinations of Armenia exports on Seed Oils were France ($458k), Georgia ($137k), Iraq ($95.7k), United States ($59.7k), and Belgium ($19.8k).

In 2022, Armenia imported $46M in Seed Oils, mainly from Russia ($45.4M), Georgia ($236k), Italy ($190k), Cyprus ($76.5k), and Ukraine ($44.2k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Seed Oils EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
France$458k (1%)
Georgia$108k (376%)
Iraq$95.7k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Seed Oils BY Armenia WERE (2021 - 2022):United Arab Emirates-$584 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Armenia's main exporting competitors in Seed Oils were:
Ukraine $5.54B
Russia $3.01B
Turkey $1.88B
In 2022, Armenia's main importing competitors in Seed Oils were:

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Trade Value of Seed Oils by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $156k
TOP IMPORT POTENTIALItaly+ $193k

Seed Oils’s highest export potential is France. With an export gap of $156k.   Seed Oils’s highest import potential is Italy with an import gap of $193k.

See methodology.

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