2017
Exports
$12.1kWorld Rnk 0 / 0
Flag Rnk 0 / 0
falsefalseN/A
2023
PRODUCT COMPLEXITY IN Soybean Meal
-1.09Rnk 852 / 1025
2017
Imports
$15.5MWorld Rnk 103 / 175
Flag Rnk 153 / 1135
2023
ECONOMIC COMPLEXITY of Armenia
0.094Rnk 57 / 132

About

Imports In 2023, Armenia imported $15.5M in Soybean Meal, becoming the 103rd largest importer of Soybean Meal in the world. At the same year, Soybean Meal was the 153rd most imported product in Armenia. Armenia imports Soybean Meal primarily from: Brazil ($3.16M), Georgia ($3.13M), Argentina ($2.82M), Ukraine ($2.64M), and Russia ($2.01M).

The fastest growing import markets in Soybean Meal for Armenia between 2022 and 2023 were Russia ($1.88M), Ukraine ($1.17M), and Brazil ($301k).

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 Soybean Meal. 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)$12.1k
IMPORTS (2023)$15.5M
NET TRADE (2023)-$15.5M

In 2023, Armenia imported $15.5M in Soybean Meal, mainly from Brazil ($3.16M), Georgia ($3.13M), Argentina ($2.82M), Ukraine ($2.64M), and Russia ($2.01M).

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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 Soybean Meal were:
In 2023, Armenia's main importing competitors in Soybean Meal were:

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Trade Value of Soybean Meal by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALTurkey+ $496
TOP IMPORT POTENTIALBrazil+ $1.55M

Soybean Meal’s highest export potential is Turkey. With an export gap of $496.   Soybean Meal’s highest import potential is Brazil with an import gap of $1.55M.

See methodology.

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