2022
Exports
$400kWorld Rnk 80 / 176
Flag Rnk 355 / 945
2022
PRODUCT COMPLEXITY IN Honey
-1.08Rnk 851 / 1025
2022
Imports
$213kWorld Rnk 109 / 209
Flag Rnk 821 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $400k in Honey, making it the 80th largest exporter of Honey in the world. At the same year, Honey was the 355th most exported product in Armenia. The main destination of Honey exports from Armenia are: United States ($388k), Japan ($4.62k), Australia ($4.35k), Switzerland ($2.92k), and Kuwait ($500).

The fastest growing export markets for Honey of Armenia between 2021 and 2022 were United States ($76k), Australia ($4.35k), and Japan ($689).

Imports In 2022, Armenia imported $213k in Honey, becoming the 109th largest importer of Honey in the world. At the same year, Honey was the 821st most imported product in Armenia. Armenia imports Honey primarily from: Russia ($186k), Georgia ($9.77k), United States ($6.2k), France ($3.13k), and India ($2.09k).

The fastest growing import markets in Honey for Armenia between 2021 and 2022 were United States ($6.2k), Georgia ($4.66k), and France ($2.61k).

Latest Trends

Sep 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 Honey. 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)$400k
IMPORTS (2022)$213k
NET TRADE (2022)$188k

In 2022, Armenia exported $400k in Honey. The main destinations of Armenia exports on Honey were United States ($388k), Japan ($4.62k), Australia ($4.35k), Switzerland ($2.92k), and Kuwait ($500).

In 2022, Armenia imported $213k in Honey, mainly from Russia ($186k), Georgia ($9.77k), United States ($6.2k), France ($3.13k), and India ($2.09k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Honey EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
United States$76k (24.4%)
Australia$4.35k (1%)
Japan$689 (17.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Honey BY Armenia WERE (2021 - 2022):
Suriname-$2.94M (-100%)
Belgium-$10.3k (-99.7%)
France-$4.21k (-99.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Honey by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $167k
TOP IMPORT POTENTIALIndia+ $7.73k

Honey’s highest export potential is United States. With an export gap of $167k.   Honey’s highest import potential is India with an import gap of $7.73k.

See methodology.

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