2022
Exports
$251kWorld Rnk 46 / 147
Flag Rnk 411 / 945
2022
PRODUCT COMPLEXITY IN Cinnamon
-1.8Rnk 982 / 1025
2022
Imports
$354kWorld Rnk 102 / 211
Flag Rnk 744 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $251k in Cinnamon, making it the 46th largest exporter of Cinnamon in the world. At the same year, Cinnamon was the 411th most exported product in Armenia. The main destination of Cinnamon exports from Armenia are: Russia ($249k), Guatemala ($1.69k), and Georgia ($162).

The fastest growing export markets for Cinnamon of Armenia between 2021 and 2022 were Russia ($249k) and Guatemala ($1.69k).

Imports In 2022, Armenia imported $354k in Cinnamon, becoming the 102nd largest importer of Cinnamon in the world. At the same year, Cinnamon was the 744th most imported product in Armenia. Armenia imports Cinnamon primarily from: Netherlands ($156k), United Kingdom ($148k), China ($18.8k), Vietnam ($17.5k), and United Arab Emirates ($5.66k).

The fastest growing import markets in Cinnamon for Armenia between 2021 and 2022 were Netherlands ($156k), United Kingdom ($148k), and India ($1.29k).

Latest Trends

Aug 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 Cinnamon. 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)$251k
IMPORTS (2022)$354k
NET TRADE (2022)-$103k

In 2022, Armenia exported $251k in Cinnamon. The main destinations of Armenia exports on Cinnamon were Russia ($249k), Guatemala ($1.69k), and Georgia ($162).

In 2022, Armenia imported $354k in Cinnamon, mainly from Netherlands ($156k), United Kingdom ($148k), China ($18.8k), Vietnam ($17.5k), and United Arab Emirates ($5.66k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cinnamon EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
Russia$249k (39.5k%)
Guatemala$1.69k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cinnamon BY Armenia WERE (2021 - 2022):
Georgia-$650 (-80%)
Kazakhstan-$134 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Cinnamon by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGuatemala+ $1.81k
TOP IMPORT POTENTIALChina+ $25.3k

Cinnamon’s highest export potential is Guatemala. With an export gap of $1.81k.   Cinnamon’s highest import potential is China with an import gap of $25.3k.

See methodology.

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