2022
Exports
$41kWorld Rnk 105 / 170
Flag Rnk 645 / 945
2022
PRODUCT COMPLEXITY IN Organic Composite Solvents
-0.03Rnk 556 / 1025
2022
Imports
$3.05MWorld Rnk 106 / 220
Flag Rnk 362 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $41k in Organic Composite Solvents, making it the 105th largest exporter of Organic Composite Solvents in the world. At the same year, Organic Composite Solvents was the 645th most exported product in Armenia. The main destination of Organic Composite Solvents exports from Armenia are: Russia ($24.1k), Kazakhstan ($10.5k), Georgia ($3.88k), and Belarus ($2.64k).

The fastest growing export markets for Organic Composite Solvents of Armenia between 2021 and 2022 were Russia ($22.6k), Kazakhstan ($10.5k), and Georgia ($3.04k).

Imports In 2022, Armenia imported $3.05M in Organic Composite Solvents, becoming the 106th largest importer of Organic Composite Solvents in the world. At the same year, Organic Composite Solvents was the 362nd most imported product in Armenia. Armenia imports Organic Composite Solvents primarily from: Iran ($598k), Russia ($594k), Turkey ($579k), Georgia ($559k), and Poland ($172k).

The fastest growing import markets in Organic Composite Solvents for Armenia between 2021 and 2022 were Iran ($226k), Poland ($153k), and Turkey ($126k).

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 Organic Composite Solvents. 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)$41k
IMPORTS (2022)$3.05M
NET TRADE (2022)-$3.01M

In 2022, Armenia exported $41k in Organic Composite Solvents. The main destinations of Armenia exports on Organic Composite Solvents were Russia ($24.1k), Kazakhstan ($10.5k), Georgia ($3.88k), and Belarus ($2.64k).

In 2022, Armenia imported $3.05M in Organic Composite Solvents, mainly from Iran ($598k), Russia ($594k), Turkey ($579k), Georgia ($559k), and Poland ($172k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Organic Composite Solvents EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
Russia$22.6k (1.54k%)
Kazakhstan$10.5k (1%)
Georgia$3.04k (358%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Organic Composite Solvents BY Armenia WERE (2021 - 2022):Germany-$215 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Armenia's main exporting competitors in Organic Composite Solvents were:
In 2022, Armenia's main importing competitors in Organic Composite Solvents were:

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Trade Value of Organic Composite Solvents by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALRussia+ $5.86k
TOP IMPORT POTENTIALGermany+ $81.2k

Organic Composite Solvents’s highest export potential is Russia. With an export gap of $5.86k.   Organic Composite Solvents’s highest import potential is Germany with an import gap of $81.2k.

See methodology.

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