2022
Exports
$1.26MWorld Rnk 110 / 171
Flag Rnk 228 / 945
2022
PRODUCT COMPLEXITY IN Raw Sugar
-1.78Rnk 979 / 1025
2022
Imports
$38.2MWorld Rnk 110 / 224
Flag Rnk 35 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $1.26M in Raw Sugar, making it the 110th largest exporter of Raw Sugar in the world. At the same year, Raw Sugar was the 228th most exported product in Armenia. The main destination of Raw Sugar exports from Armenia are: Russia ($723k), Georgia ($532k), Kazakhstan ($396), and United States ($1).

The fastest growing export markets for Raw Sugar of Armenia between 2021 and 2022 were Russia ($590k) and Georgia ($521k).

Imports In 2022, Armenia imported $38.2M in Raw Sugar, becoming the 110th largest importer of Raw Sugar in the world. At the same year, Raw Sugar was the 35th most imported product in Armenia. Armenia imports Raw Sugar primarily from: Brazil ($34.9M), Netherlands ($721k), Russia ($651k), Egypt ($580k), and France ($482k).

The fastest growing import markets in Raw Sugar for Armenia between 2021 and 2022 were Brazil ($15.9M), Netherlands ($719k), and Egypt ($580k).

Latest Trends

Jul 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 Raw Sugar. 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)$1.26M
IMPORTS (2022)$38.2M
NET TRADE (2022)-$36.9M

In 2022, Armenia exported $1.26M in Raw Sugar. The main destinations of Armenia exports on Raw Sugar were Russia ($723k), Georgia ($532k), Kazakhstan ($396), and United States ($1).

In 2022, Armenia imported $38.2M in Raw Sugar, mainly from Brazil ($34.9M), Netherlands ($721k), Russia ($651k), Egypt ($580k), and France ($482k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Raw Sugar EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
Russia$590k (446%)
Georgia$521k (4.79k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Raw Sugar BY Armenia WERE (2021 - 2022):
United Arab Emirates-$3.65k (-100%)
United States-$2.27k (-100%)
Kazakhstan-$77 (-16.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Armenia's main exporting competitors in Raw Sugar were:
Brazil $11.5B
India $6.03B
In 2022, Armenia's main importing competitors in Raw Sugar were:

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Trade Value of Raw Sugar by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGeorgia+ $159k
TOP IMPORT POTENTIALFrance+ $448k

Raw Sugar’s highest export potential is Georgia. With an export gap of $159k.   Raw Sugar’s highest import potential is France with an import gap of $448k.

See methodology.

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