2023
Exports
$127kWorld Rnk 63 / 146
Flag Rnk 530 / 973
2023
PRODUCT COMPLEXITY IN Cinnamon
-1.81Rnk 982 / 1025
2023
Imports
$590kWorld Rnk 88 / 212
Flag Rnk 678 / 1135
2023
ECONOMIC COMPLEXITY of Armenia
0.094Rnk 57 / 132

About

Exports In 2023, Armenia exported $127k in Cinnamon, making it the 63rd largest exporter of Cinnamon in the world. At the same year, Cinnamon was the 530th most exported product in Armenia. The main destination of Cinnamon exports from Armenia are: Russia ($126k), Kazakhstan ($461), and Georgia ($436).

The fastest growing export markets for Cinnamon of Armenia between 2022 and 2023 were Kazakhstan ($461) and Georgia ($273).

Imports In 2023, Armenia imported $590k in Cinnamon, becoming the 88th largest importer of Cinnamon in the world. At the same year, Cinnamon was the 678th most imported product in Armenia. Armenia imports Cinnamon primarily from: Netherlands ($186k), United Kingdom ($178k), United Arab Emirates ($93.9k), Russia ($43.4k), and Vietnam ($37.6k).

The fastest growing import markets in Cinnamon for Armenia between 2022 and 2023 were United Arab Emirates ($93.5k), Russia ($41.9k), and United Kingdom ($30.1k).

Latest Trends

Dec 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 (2023)$127k
IMPORTS (2023)$590k
NET TRADE (2023)-$463k

In 2023, Armenia exported $127k in Cinnamon. The main destinations of Armenia exports on Cinnamon were Russia ($126k), Kazakhstan ($461), and Georgia ($436).

In 2023, Armenia imported $590k in Cinnamon, mainly from Netherlands ($186k), United Kingdom ($178k), United Arab Emirates ($93.9k), Russia ($43.4k), and Vietnam ($37.6k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cinnamon EXPORT MARKETS FOR Armenia WERE (2022 - 2023):
Kazakhstan$461 (1%)
Georgia$273 (167%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cinnamon BY Armenia WERE (2022 - 2023):
Russia-$124k (-49.6%)
Guatemala-$1.79k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Armenia's main exporting competitors in Cinnamon were:
In 2023, 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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