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2023
Flag → Flag
Exports $2.25BRnk 2 / 133
2023
Flag → Flag
Top Product $1.31BGold
2023
Flag → Flag
Exports $376MRnk 80 / 216
2023
Flag → Flag
Top Product $138MCars
2023
Flag
Economic Complexity (ECI) ECI 0.094Rnk 57 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.15Rnk 54 / 132
2023
Flag  
GDP$24.1BCURRENT US$
Rnk 114 / 195
2013-2023
Flag
GDP GROWTH117%CURRENT US$
Rnk 9 / 195
2023
Flag
 GDP$514BCURRENT US$
Rnk 27 / 195
2013-2023
Flag
GDP GROWTH28.5%CURRENT US$
Rnk 118 / 195
2023
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GDP PC $8,053CURRENT US$
Rnk 96 / 195
2013-2023
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GDP PC GROWTH119%CURRENT US$
Rnk 4 / 195
2023
Flag
GDP PC$49,041CURRENT US$
Rnk 27 / 196
2013-2023
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GDP PC GROWTH-5.73%CURRENT US$
Rnk 161 / 195

About

Armenia-United Arab Emirates Trade: In 2023, Armenia exported $2.25B to United Arab Emirates. The main products that Armenia exported to United Arab Emirates were Gold ($1.31B), Jewellery ($407M), and Diamonds ($322M). Over the past 5 years the exports of Armenia to United Arab Emirates have increased at an annualized rate of 96.9%, from $76M in 2018 to $2.25B in 2023.

In 2023, Armenia did not export any services to United Arab Emirates.

United Arab Emirates-Armenia Trade: In 2023, United Arab Emirates exported $376M to Armenia. The main products that United Arab Emirates exported to Armenia were Cars ($138M), Diamonds ($48.7M), and Refined Petroleum ($25M). Over the past 5 years the exports of United Arab Emirates to Armenia have increased at an annualized rate of 20.3%,  from $149M in 2018 to $376M in 2023.

In 2023, United Arab Emirates did not export any services to Armenia.

Comparison: In 2023,  Armenia ranked 57 in the Economic Complexity Index (ECI 0.094), and 107 in total exports ($9.02B). That same year, United Arab Emirates ranked 54 in the Economic Complexity Index (ECI 0.15), and 21 in total exports ($357B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Armenia exported $2.25B to United Arab Emirates. The main products exported from Armenia to United Arab Emirates were Gold ($1.31B), Jewellery ($407M), and Diamonds ($322M). During the last 5 years the exports of Armenia to United Arab Emirates have increased at an annualized rate of 96.9%, from $76M in 2018 to $2.25B in 2023.

In 2018, United Arab Emirates exported $376M to Armenia. The main products exported from United Arab Emirates to Armenia were Cars ($138M), Diamonds ($48.7M), and Refined Petroleum ($25M). During the last 5 years the exports of United Arab Emirates to Armenia have increased at an annualized rate of 20.3%, from $149M in 2023 to $376M in 2018.

Exports from Armenia (Flag) to United Arab Emirates (Flag) (2023)

Exports from United Arab Emirates (Flag) to Armenia (Flag) (2023)

Latest Data

Trade between Armenia (Flag) and United Arab Emirates (Flag)

Armenia Exports

United Arab Emirates Exports

Market Competitiveness

Color
Armenia
Top DestinationRussia$3.38B
United Arab Emirates
Top DestinationChina$40.2B

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

In 2023, countries that imported more from Armenia than United Arab Emirates included Botswana ($114M), Bulgaria ($97.5M), and Curaçao ($17.3M).

In 2023, countries that imported more from United Arab Emirates than Armenia included China ($40.2B), India ($38.2B), and Japan ($37.4B).

Difference in imports from United Arab Emirates (Flag) and Armenia (Flag) (2023)

Comparative Advantage Armenia - United Arab Emirates

Flow
Scale

This chart compares trade between Armenia and United Arab Emirates by product, considering products traded by both, Armenia and United Arab Emirates.

During 2023, Armenia had a large net trade with United Arab Emirates in the exports of Precious Metals ($2.11B), Foodstuffs ($111M), and Transportation ($9.74M).

During 2018, United Arab Emirates had a large net trade with Armenia in the exports of Transportation ($149M), Precious Metals ($77.2M), and Machines ($64.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Armenia United Arab Emirates+$5.13MCars
Top Product Potential United Arab Emirates Armenia+$9.32MGold

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

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

Product Space of Armenia (Flag) and United Arab Emirates (Flag) (2023)

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