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2022
Exports $1.1MWorld Rnk 77 / 199
Flag Rnk 244 / 945
2022
Destination $961k Russia
2021 - 2022
FASTEST GROWING MARKET $961kRussia
2022
PRODUCT COMPLEXITY IN Special Pharmaceuticals0.61Rnk 321 / 1025
2022
Imports $8.03MWorld Rnk 104 / 220
Flag Rnk 196 / 1142
2022
Origin $1.03MN/A
2021 - 2022
FASTEST GROWING ORIGIN $1.03MLithuania
2022
ECONOMIC COMPLEXITY of Armenia0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $1.1M in Special Pharmaceuticals, making it the 77th largest exporter of Special Pharmaceuticals in the world. At the same year, Special Pharmaceuticals was the 244th most exported product in Armenia. The main destination of Special Pharmaceuticals exports from Armenia are: Russia ($993k), United Arab Emirates ($73.6k), Belgium ($14.6k), United States ($5.05k), and France ($4.8k).

The fastest growing export markets for Special Pharmaceuticals of Armenia between 2021 and 2022 were Russia ($961k), United Arab Emirates ($31.1k), and Belarus ($1.58k).

Imports In 2022, Armenia imported $8.03M in Special Pharmaceuticals, becoming the 104th largest importer of Special Pharmaceuticals in the world. At the same year, Special Pharmaceuticals was the 196th most imported product in Armenia. Armenia imports Special Pharmaceuticals primarily from: N/A.

The fastest growing import markets in Special Pharmaceuticals for Armenia between 2021 and 2022 were Lithuania ($1.03M), Belgium ($494k), and Germany ($384k).

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 Special Pharmaceuticals. 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)$1.1M
IMPORTS (2022)$8.03M
NET TRADE (2022)-$6.94M

In 2022, Armenia exported $1.1M in Special Pharmaceuticals. The main destinations of Armenia exports on Special Pharmaceuticals were Russia ($993k), United Arab Emirates ($73.6k), Belgium ($14.6k), United States ($5.05k), and France ($4.8k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Special Pharmaceuticals EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
Russia$961k (2.94k%)
United Arab Emirates$31.1k (73.1%)
Belarus$1.58k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Special Pharmaceuticals BY Armenia WERE (2021 - 2022):
Georgia-$442k (-100%)
Saudi Arabia-$12.9k (-100%)
Oman-$8.46k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Armenia's main exporting competitors in Special Pharmaceuticals were:
Germany $3.23B
United States $1.77B
Netherlands $1.25B
In 2022, Armenia's main importing competitors in Special Pharmaceuticals were:
United States $3.52B
Belgium $1.22B
China $1.01B

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Trade Value of Special Pharmaceuticals by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALRussia+ $111k
TOP IMPORT POTENTIALGermany+ $565k

Special Pharmaceuticals’s highest export potential is Russia. With an export gap of $111k.   Special Pharmaceuticals’s highest import potential is Germany with an import gap of $565k.

See methodology.

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