2023
Exports
$19.1kWorld Rnk 128 / 169
Flag Rnk 733 / 973
2023
PRODUCT COMPLEXITY IN Locust beans, seaweed, sugar beet, cane, for food
-1.65Rnk 965 / 1025
2023
Imports
$185kWorld Rnk 105 / 202
Flag Rnk 851 / 1135
2023
ECONOMIC COMPLEXITY of Armenia
0.094Rnk 57 / 132

About

Exports In 2023, Armenia exported $19.1k in Locust beans, seaweed, sugar beet, cane, for food, making it the 128th largest exporter of Locust beans, seaweed, sugar beet, cane, for food in the world. At the same year, Locust beans, seaweed, sugar beet, cane, for food was the 733rd most exported product in Armenia. The main destination of Locust beans, seaweed, sugar beet, cane, for food exports from Armenia are: Russia ($9.19k), United States ($8.64k), Czechia ($739), Kazakhstan ($302), and Turkmenistan ($133).

The fastest growing export markets for Locust beans, seaweed, sugar beet, cane, for food of Armenia between 2022 and 2023 were Kazakhstan ($302), Turkmenistan ($133), and Belarus ($114).

Imports In 2023, Armenia imported $185k in Locust beans, seaweed, sugar beet, cane, for food, becoming the 105th largest importer of Locust beans, seaweed, sugar beet, cane, for food in the world. At the same year, Locust beans, seaweed, sugar beet, cane, for food was the 851st most imported product in Armenia. Armenia imports Locust beans, seaweed, sugar beet, cane, for food primarily from: United Arab Emirates ($118k), Russia ($61.5k), South Africa ($3.07k), Germany ($2.88k), and Botswana ($1).

The fastest growing import markets in Locust beans, seaweed, sugar beet, cane, for food for Armenia between 2022 and 2023 were United Arab Emirates ($117k), Russia ($57.6k), and Germany ($2.08k).

Latest Trends

Jan 2025

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 Locust beans, seaweed, sugar beet, cane, for food. 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)$19.1k
IMPORTS (2023)$185k
NET TRADE (2023)-$166k

In 2023, Armenia exported $19.1k in Locust beans, seaweed, sugar beet, cane, for food. The main destinations of Armenia exports on Locust beans, seaweed, sugar beet, cane, for food were Russia ($9.19k), United States ($8.64k), Czechia ($739), Kazakhstan ($302), and Turkmenistan ($133).

In 2023, Armenia imported $185k in Locust beans, seaweed, sugar beet, cane, for food, mainly from United Arab Emirates ($118k), Russia ($61.5k), South Africa ($3.07k), Germany ($2.88k), and Botswana ($1).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Locust beans, seaweed, sugar beet, cane, for food EXPORT MARKETS FOR Armenia WERE (2022 - 2023):
Kazakhstan$302 (1%)
Turkmenistan$133 (1%)
Belarus$114 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Locust beans, seaweed, sugar beet, cane, for food BY Armenia WERE (2022 - 2023):
Russia-$26.4k (-74.2%)
Japan-$11.2k (-100%)
United States-$1.17k (-11.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Armenia's main exporting competitors in Locust beans, seaweed, sugar beet, cane, for food were:
China $500M
Nigeria $70.3M
Laos $65.9M
In 2023, Armenia's main importing competitors in Locust beans, seaweed, sugar beet, cane, for food were:

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Trade Value of Locust beans, seaweed, sugar beet, cane, for food by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALUnited States+ $16.4k
TOP IMPORT POTENTIALChina+ $62.4k

Locust beans, seaweed, sugar beet, cane, for food’s highest export potential is United States. With an export gap of $16.4k.   Locust beans, seaweed, sugar beet, cane, for food’s highest import potential is China with an import gap of $62.4k.

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