2022
Exports
$98.7kWorld Rnk 75 / 174
Flag Rnk 554 / 945
2022
PRODUCT COMPLEXITY IN Umbrellas
-0.043Rnk 560 / 1025
2022
Imports
$511kWorld Rnk 146 / 218
Flag Rnk 685 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $98.7k in Umbrellas, making it the 75th largest exporter of Umbrellas in the world. At the same year, Umbrellas was the 554th most exported product in Armenia. The main destination of Umbrellas exports from Armenia are: Russia ($62.1k), Belarus ($36.3k), China ($256), and Georgia ($3).

The fastest growing export markets for Umbrellas of Armenia between 2021 and 2022 were China ($256) and Georgia ($3).

Imports In 2022, Armenia imported $511k in Umbrellas, becoming the 146th largest importer of Umbrellas in the world. At the same year, Umbrellas was the 685th most imported product in Armenia. Armenia imports Umbrellas primarily from: China ($374k), Italy ($40.2k), Ukraine ($32.7k), Russia ($19.2k), and Croatia ($9.35k).

The fastest growing import markets in Umbrellas for Armenia between 2021 and 2022 were China ($159k), Poland ($5.32k), and Georgia ($4.79k).

Latest Trends

Jul 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 Umbrellas. 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)$98.7k
IMPORTS (2022)$511k
NET TRADE (2022)-$413k

In 2022, Armenia exported $98.7k in Umbrellas. The main destinations of Armenia exports on Umbrellas were Russia ($62.1k), Belarus ($36.3k), China ($256), and Georgia ($3).

In 2022, Armenia imported $511k in Umbrellas, mainly from China ($374k), Italy ($40.2k), Ukraine ($32.7k), Russia ($19.2k), and Croatia ($9.35k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Umbrellas EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
China$256 (1%)
Georgia$3 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Umbrellas BY Armenia WERE (2021 - 2022):
Russia-$15k (-19.5%)
Belarus-$11.8k (-24.5%)
Indonesia-$1.33k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Umbrellas by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALRussia+ $2.98k
TOP IMPORT POTENTIALChina+ $156k

Umbrellas’s highest export potential is Russia. With an export gap of $2.98k.   Umbrellas’s highest import potential is China with an import gap of $156k.

See methodology.

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