2023
Exports
$163kWorld Rnk 123 / 198
Flag Rnk 505 / 973
2023
PRODUCT COMPLEXITY IN Spices
-1.59Rnk 959 / 1025
2023
Imports
$814kWorld Rnk 138 / 224
Flag Rnk 627 / 1135
2023
ECONOMIC COMPLEXITY of Armenia
0.094Rnk 57 / 132

About

Exports In 2023, Armenia exported $163k in Spices, making it the 123rd largest exporter of Spices in the world. At the same year, Spices was the 505th most exported product in Armenia. The main destination of Spices exports from Armenia are: Russia ($105k), Curaçao ($23.3k), United States ($11.4k), Kazakhstan ($6.54k), and Israel ($6k).

The fastest growing export markets for Spices of Armenia between 2022 and 2023 were Curaçao ($7k), Israel ($6k), and Belgium ($4.33k).

Imports In 2023, Armenia imported $814k in Spices, becoming the 138th largest importer of Spices in the world. At the same year, Spices was the 627th most imported product in Armenia. Armenia imports Spices primarily from: Brazil ($149k), India ($127k), United Arab Emirates ($123k), China ($104k), and Georgia ($97.8k).

The fastest growing import markets in Spices for Armenia between 2022 and 2023 were United Arab Emirates ($122k), Brazil ($56.6k), and China ($36.2k).

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 Spices. 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)$163k
IMPORTS (2023)$814k
NET TRADE (2023)-$651k

In 2023, Armenia exported $163k in Spices. The main destinations of Armenia exports on Spices were Russia ($105k), Curaçao ($23.3k), United States ($11.4k), Kazakhstan ($6.54k), and Israel ($6k).

In 2023, Armenia imported $814k in Spices, mainly from Brazil ($149k), India ($127k), United Arab Emirates ($123k), China ($104k), and Georgia ($97.8k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Spices EXPORT MARKETS FOR Armenia WERE (2022 - 2023):
Curaçao$7k (43%)
Israel$6k (1%)
Belgium$4.33k (401%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Spices BY Armenia WERE (2022 - 2023):
Russia-$287k (-73.3%)
Japan-$9.17k (-100%)
United Arab Emirates-$2.04k (-96.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Spices by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $28.5k
TOP IMPORT POTENTIALIndia+ $50.5k

Spices’s highest export potential is United States. With an export gap of $28.5k.   Spices’s highest import potential is India with an import gap of $50.5k.

See methodology.

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