2022
Exports
$28kWorld Rnk 114 / 158
Flag Rnk 681 / 945
2022
PRODUCT COMPLEXITY IN Processed Cereals
-0.77Rnk 775 / 1025
2022
Imports
$5.24MWorld Rnk 70 / 218
Flag Rnk 267 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $28k in Processed Cereals, making it the 114th largest exporter of Processed Cereals in the world. At the same year, Processed Cereals was the 681st most exported product in Armenia. The main destination of Processed Cereals exports from Armenia are: Russia ($12.5k), United States ($5.16k), Belgium ($3.87k), Georgia ($3.84k), and Bahrain ($2.19k).

The fastest growing export markets for Processed Cereals of Armenia between 2021 and 2022 were Bahrain ($2.19k), Belgium ($1.96k), and Iran ($454).

Imports In 2022, Armenia imported $5.24M in Processed Cereals, becoming the 70th largest importer of Processed Cereals in the world. At the same year, Processed Cereals was the 267th most imported product in Armenia. Armenia imports Processed Cereals primarily from: Russia ($5.18M), Hungary ($17.7k), Georgia ($17.7k), Italy ($9.57k), and Finland ($5.08k).

The fastest growing import markets in Processed Cereals for Armenia between 2021 and 2022 were Russia ($1.94M), Hungary ($17.7k), and Georgia ($10.9k).

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 Processed Cereals. 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)$28k
IMPORTS (2022)$5.24M
NET TRADE (2022)-$5.21M

In 2022, Armenia exported $28k in Processed Cereals. The main destinations of Armenia exports on Processed Cereals were Russia ($12.5k), United States ($5.16k), Belgium ($3.87k), Georgia ($3.84k), and Bahrain ($2.19k).

In 2022, Armenia imported $5.24M in Processed Cereals, mainly from Russia ($5.18M), Hungary ($17.7k), Georgia ($17.7k), Italy ($9.57k), and Finland ($5.08k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Processed Cereals EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
Bahrain$2.19k (1%)
Belgium$1.96k (103%)
Iran$454 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Processed Cereals BY Armenia WERE (2021 - 2022):
United States-$67.7k (-92.9%)
Russia-$8.51k (-40.5%)
Georgia-$1.26k (-24.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Processed Cereals by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $12.1k
TOP IMPORT POTENTIALHungary+ $22.6k

Processed Cereals’s highest export potential is United States. With an export gap of $12.1k.   Processed Cereals’s highest import potential is Hungary with an import gap of $22.6k.

See methodology.

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