Angola (AGO) and Armenia (ARM) Trade | The Observatory of Economic Complexity

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Angola-Armenia Trade: In 2023, Angola exported $3.39M to Armenia. The main products that Angola exported to Armenia were Diamonds ($3.39M), Video Displays ($321), and Chocolate ($278). Over the past 7 years the exports of Angola to Armenia have increased at an annualized rate of 96.8%, from $29.7k in 2016 to $3.39M in 2023.

In 2023, Angola did not export any services to Armenia.

Armenia-Angola In N/A, Armenia did not export any products to Angola.

In 2023, Armenia did not export any services to Angola.

Comparison: In 2023, Angola ranked 120 in the Economic Complexity Index (ECI -1.23), and 62 in total exports ($42.6B). That same year, Armenia ranked 57 in the Economic Complexity Index (ECI 0.094), and 107 in total exports ($9.02B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Angola exported $3.39M to Armenia. The main products exported from Angola to Armenia were Diamonds ($3.39M), Video Displays ($321), and Chocolate ($278). During the last 7 years the exports of Angola to Armenia have increased at an annualized rate of 96.8%, from $29.7k in 2016 to $3.39M in 2023.

Armenia does not register exports to Angola. The main products exported from Armenia to Angola were Calculators ($74).

Exports from Angola () to Armenia () (2023)

Exports from Armenia () to Angola () (2023)

Latest Data

Trade between Angola () and Armenia ()

Angola Exports

Date

Armenia Exports

Date

Dec 2020

Sep 2014

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Angola
Top DestinationChina$17.1B

Armenia
Top DestinationRussia$3.38B

This map shows whether countries import more from Angola or Armenia. Each country is colored based on the difference in imports they receive from Angola and Armenia or the difference in the growth in imports.

In 2023, countries that imported more from Angola than Armenia included China ($17.1B), India ($3.87B), and Spain ($2.65B).

In 2023, countries that imported more from Armenia than Angola included Russia ($3.38B), Hong Kong ($669M), and Georgia ($340M).

Difference in imports from Armenia () and Angola () (2023)

Comparative Advantage Angola - Armenia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Angola and Armenia by product, considering products traded by both, Angola and Armenia.

During 2023, Angola had a large net trade with Armenia in the exports of Precious Metals ($3.39M), Machines ($321), and Foodstuffs ($278).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Angola Armenia+$3.02MDiamonds

Top Product Potential Armenia Angola+$2.73kCars

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Angola and Armenia. This means that a dot/product with the flag of Angola indicates it has a comparative advantage over Armenia. Similarly, a dot/product with the flag of Armenia indicates it has a comparative advantage over Angola.

About

Historical Data

Bilateral Trade by Products

Exports from Angola () to Armenia () (2023)

Exports from Armenia () to Angola () (2023)

Latest Data

Trade between Angola () and Armenia ()

Angola Exports

Armenia Exports

Market Competitiveness

Difference in imports from Armenia () and Angola () (2023)

Comparative Advantage Angola - Armenia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Angola () and Armenia () (2023)

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