2023
Exports
$18.5MWorld Rnk 43 / 188
Flag Rnk 47 / 973
2023
PRODUCT COMPLEXITY IN Wine
-1.07Rnk 849 / 1025
2023
Imports
$9.92MWorld Rnk 105 / 226
Flag Rnk 198 / 1135
2023
ECONOMIC COMPLEXITY of Armenia
0.094Rnk 57 / 132

About

Exports In 2023, Armenia exported $18.5M in Wine, making it the 43rd largest exporter of Wine in the world. At the same year, Wine was the 47th most exported product in Armenia. The main destination of Wine exports from Armenia are: Russia ($12.8M), United States ($1.79M), Curaçao ($1.31M), France ($423k), and Switzerland ($339k).

The fastest growing export markets for Wine of Armenia between 2022 and 2023 were Belgium ($168k), France ($163k), and Switzerland ($147k).

Imports In 2023, Armenia imported $9.92M in Wine, becoming the 105th largest importer of Wine in the world. At the same year, Wine was the 198th most imported product in Armenia. Armenia imports Wine primarily from: France ($3.1M), Italy ($2.7M), Lithuania ($1.4M), Spain ($693k), and Netherlands ($368k).

The fastest growing import markets in Wine for Armenia between 2022 and 2023 were Italy ($1.32M), France ($1.32M), and Lithuania ($755k).

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 Wine. 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)$18.5M
IMPORTS (2023)$9.92M
NET TRADE (2023)$8.6M

In 2023, Armenia exported $18.5M in Wine. The main destinations of Armenia exports on Wine were Russia ($12.8M), United States ($1.79M), Curaçao ($1.31M), France ($423k), and Switzerland ($339k).

In 2023, Armenia imported $9.92M in Wine, mainly from France ($3.1M), Italy ($2.7M), Lithuania ($1.4M), Spain ($693k), and Netherlands ($368k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Wine EXPORT MARKETS FOR Armenia WERE (2022 - 2023):
Belgium$168k (132%)
France$163k (62.6%)
Switzerland$147k (76.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wine BY Armenia WERE (2022 - 2023):
United States-$335k (-15.8%)
Russia-$137k (-1.06%)
Israel-$129k (-90.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Armenia's main exporting competitors in Wine were:
France $13.6B
Italy $8.73B
Spain $3.78B
In 2023, Armenia's main importing competitors in Wine were:

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Trade Value of Wine by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.61M
TOP IMPORT POTENTIALFrance+ $731k

Wine’s highest export potential is United States. With an export gap of $2.61M.   Wine’s highest import potential is France with an import gap of $731k.

See methodology.

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