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2022
ExportsfalseWorld Rnk 98 / 194
Flag Rnk 351 / 945
2021 - 2022
FASTEST GROWING MARKET $305kRussia
2022
PRODUCT COMPLEXITY IN Spices-1.63Rnk 964 / 1025
2022
Origin $71.1k India
2021 - 2022
FASTEST GROWING ORIGIN $71.1kIndia
2022
ECONOMIC COMPLEXITY of Armenia0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $433k in Spices, making it the 98th largest exporter of Spices in the world. At the same year, Spices was the 351st most exported product in Armenia. The main destination of Spices exports from Armenia are: Russia ($392k), Georgia ($13.3k), United States ($9.37k), Japan ($8.75k), and Kazakhstan ($3.12k).

The fastest growing export markets for Spices of Armenia between 2021 and 2022 were Russia ($305k), Japan ($8.75k), and Georgia ($2.97k).

The fastest growing import markets in Spices for Armenia between 2021 and 2022 were India ($71.1k), Iran ($13.4k), and France ($4.34k).

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 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 (2022)$433k

In 2022, Armenia exported $433k in Spices. The main destinations of Armenia exports on Spices were Russia ($392k), Georgia ($13.3k), United States ($9.37k), Japan ($8.75k), and Kazakhstan ($3.12k).

In N/A, Armenia imported N/A in Spices, mainly from India ($148k), Georgia ($144k), Brazil ($85.4k), United Arab Emirates ($78k), and China ($62.5k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Spices EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
Russia$305k (348%)
Japan$8.75k (1%)
Georgia$2.97k (28.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Spices BY Armenia WERE (2021 - 2022):
Uzbekistan-$12k (-100%)
Belgium-$4.91k (-82%)
Moldova-$1.85k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Armenia's main exporting competitors in Spices were:
India $538M
China $518M
Netherlands $203M
In 2022, Armenia's main importing competitors in Spices were:
United States $364M
Germany $211M
Netherlands $167M

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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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