2018
Exports
$5.48MWorld Rnk 135 / 221
Flag Rnk 19 / 21
2022
PRODUCT COMPLEXITY IN Wood Products
0.3Rnk 451 / 1025
2018
Imports
$85MWorld Rnk 99 / 226
Flag Rnk 17 / 21
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2018, Armenia exported $5.48M in Wood Products, making it the 135th largest exporter of Wood Products in the world. At the same year, Wood Products was the 19th most exported product in Armenia. The main destination of Wood Products exports from Armenia are: Russia ($2.68M), Iran ($1.09M), Israel ($501k), United States ($251k), and Austria ($136k).

The fastest growing export markets for Wood Products of Armenia between 2021 and 2022 were Russia ($2.16M), Iran ($1.02M), and Israel ($501k).

Imports In 2022, Armenia imported $85M in Wood Products, becoming the 99th largest importer of Wood Products in the world. At the same year, Wood Products was the 17th most imported product in Armenia. Armenia imports Wood Products primarily from: Russia ($36.5M), Georgia ($12.6M), Turkey ($5.98M), Belarus ($5.08M), and China ($4.95M).

The fastest growing import markets in Wood Products for Armenia between 2021 and 2022 were Russia ($6.04M), Belarus ($1.91M), and Portugal ($1.5M).

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 Wood Products. 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)$5.48M
IMPORTS (2022)$85M
NET TRADE (2022)-$79.6M

In 2022, Armenia exported $5.48M in Wood Products. The main destinations of Armenia exports on Wood Products were Russia ($2.68M), Iran ($1.09M), Israel ($501k), United States ($251k), and Austria ($136k).

In 2022, Armenia imported $85M in Wood Products, mainly from Russia ($36.5M), Georgia ($12.6M), Turkey ($5.98M), Belarus ($5.08M), and China ($4.95M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wood Products EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
Russia$2.16M (418%)
Iran$1.02M (1.47k%)
Israel$501k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wood Products BY Armenia WERE (2021 - 2022):
Georgia-$83.6k (-51%)
Bulgaria-$38.6k (-99.1%)
Spain-$33k (-43.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Armenia's main exporting competitors in Wood Products were:
China $20.4B
Canada $20.1B
In 2022, Armenia's main importing competitors in Wood Products were:

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Trade Value of Wood Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $461k
TOP IMPORT POTENTIALChina+ $3.3M

Wood Products’s highest export potential is United States. With an export gap of $461k.   Wood Products’s highest import potential is China with an import gap of $3.3M.

See methodology.

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