2022
Exports
$58.8kWorld Rnk 115 / 166
Flag Rnk 607 / 945
2022
PRODUCT COMPLEXITY IN Locust beans, seaweed, sugar beet, cane, for food
-1.76Rnk 977 / 1025
2022
Imports
$123kWorld Rnk 118 / 197
Flag Rnk 884 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $58.8k in Locust beans, seaweed, sugar beet, cane, for food, making it the 115th 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 607th most exported product in Armenia. The main destination of Locust beans, seaweed, sugar beet, cane, for food exports from Armenia are: Russia ($35.6k), Japan ($11.2k), United States ($9.81k), Czechia ($1.02k), and Georgia ($542).

The fastest growing export markets for Locust beans, seaweed, sugar beet, cane, for food of Armenia between 2021 and 2022 were Russia ($26.3k), Japan ($11.2k), and United States ($9.78k).

Imports In 2022, Armenia imported $123k in Locust beans, seaweed, sugar beet, cane, for food, becoming the 118th 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 884th most imported product in Armenia. Armenia imports Locust beans, seaweed, sugar beet, cane, for food primarily from: China ($82.8k), United Arab Emirates ($26.7k), Ukraine ($7.02k), Russia ($3.39k), and South Africa ($1.44k).

The fastest growing import markets in Locust beans, seaweed, sugar beet, cane, for food for Armenia between 2021 and 2022 were China ($58.5k), United Arab Emirates ($17.8k), and Ukraine ($7.02k).

Latest Trends

Oct 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 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 (2022)$58.8k
IMPORTS (2022)$123k
NET TRADE (2022)-$63.9k

In 2022, Armenia exported $58.8k 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 ($35.6k), Japan ($11.2k), United States ($9.81k), Czechia ($1.02k), and Georgia ($542).

In 2022, Armenia imported $123k in Locust beans, seaweed, sugar beet, cane, for food, mainly from China ($82.8k), United Arab Emirates ($26.7k), Ukraine ($7.02k), Russia ($3.39k), and South Africa ($1.44k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Locust beans, seaweed, sugar beet, cane, for food EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
Russia$26.3k (283%)
Japan$11.2k (1%)
United States$9.78k (29.6k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Locust beans, seaweed, sugar beet, cane, for food BY Armenia WERE (2021 - 2022):
Belgium-$2k (-100%)
Belarus-$473 (-100%)
Georgia-$412 (-43.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Armenia's main exporting competitors in Locust beans, seaweed, sugar beet, cane, for food were:
In 2022, Armenia's main importing competitors in Locust beans, seaweed, sugar beet, cane, for food were:
Italy $253M
China $202M
Spain $182M

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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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