2023
Exports
$611kWorld Rnk 70 / 171
Flag Rnk 330 / 973
2023
PRODUCT COMPLEXITY IN Honey
-1.23Rnk 883 / 1025
2023
Imports
$192kWorld Rnk 112 / 213
Flag Rnk 846 / 1135
2023
ECONOMIC COMPLEXITY of Armenia
0.094Rnk 57 / 132

About

Exports In 2023, Armenia exported $611k in Honey, making it the 70th largest exporter of Honey in the world. At the same year, Honey was the 330th most exported product in Armenia. The main destination of Honey exports from Armenia are: United States ($499k), United Arab Emirates ($75.2k), Curaçao ($17.5k), Switzerland ($9.71k), and Qatar ($6k).

The fastest growing export markets for Honey of Armenia between 2022 and 2023 were United States ($113k), United Arab Emirates ($75.2k), and Switzerland ($6.8k).

Imports In 2023, Armenia imported $192k in Honey, becoming the 112th largest importer of Honey in the world. At the same year, Honey was the 846th most imported product in Armenia. Armenia imports Honey primarily from: Russia ($148k), Georgia ($15.1k), France ($14k), Curaçao ($8.98k), and United Arab Emirates ($5.28k).

The fastest growing import markets in Honey for Armenia between 2022 and 2023 were Curaçao ($5.51k), Georgia ($5.28k), and United Arab Emirates ($4.41k).

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 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 (2023)$611k
IMPORTS (2023)$192k
NET TRADE (2023)$418k

In 2023, Armenia exported $611k in Honey. The main destinations of Armenia exports on Honey were United States ($499k), United Arab Emirates ($75.2k), Curaçao ($17.5k), Switzerland ($9.71k), and Qatar ($6k).

In 2023, Armenia imported $192k in Honey, mainly from Russia ($148k), Georgia ($15.1k), France ($14k), Curaçao ($8.98k), and United Arab Emirates ($5.28k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Honey EXPORT MARKETS FOR Armenia WERE (2022 - 2023):
United States$113k (29.3%)
Switzerland$6.8k (233%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Honey BY Armenia WERE (2022 - 2023):
Japan-$4.62k (-100%)
Australia-$4.33k (-100%)
Kuwait-$500 (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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