Armenia (ARM) and Canada (CAN) Trade | The Observatory of Economic Complexity

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Armenia-Canada Trade: In 2022, Armenia exported $8.84M to Canada. The main products that Armenia exported to Canada were Non-Knit Women's Coats ($3.38M), Non-Knit Men's Coats ($1.45M), and Aluminium Foil ($790k). Over the past 5 years the exports of Armenia to Canada have decreased at an annualized rate of 9.02%, from $14.2M in 2017 to $8.84M in 2022.

In 2022, Armenia did not export any services to Canada.

Canada-Armenia Trade: In 2022, Canada exported $27.5M to Armenia. The main products that Canada exported to Armenia were Planes, Helicopters, and/or Spacecraft ($8.71M), Cars ($5.06M), and Sausages ($5.04M). Over the past 5 years the exports of Canada to Armenia have increased at an annualized rate of 9.07%, from $17.8M in 2017 to $27.5M in 2022.

In 2022, Canada did not export any services to Armenia.

Comparison: In 2022, Armenia ranked 66 in the Economic Complexity Index (ECI 0.00081), and 122 in total exports ($5.78B). That same year, Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Armenia exported $8.84M to Canada. The main products exported from Armenia to Canada were Non-Knit Women's Coats ($3.38M), Non-Knit Men's Coats ($1.45M), and Aluminium Foil ($790k). During the last 5 years the exports of Armenia to Canada have decreased at an annualized rate of 9.02%, from $14.2M in 2017 to $8.84M in 2022.

In 2017, Canada exported $27.5M to Armenia. The main products exported from Canada to Armenia were Planes, Helicopters, and/or Spacecraft ($8.71M), Cars ($5.06M), and Sausages ($5.04M). During the last 5 years the exports of Canada to Armenia have increased at an annualized rate of 9.07%, from $17.8M in 2022 to $27.5M in 2017.

Exports from Armenia () to Canada () (2022)

Exports from Canada () to Armenia () (2022)

Latest Data

Trade between Armenia () and Canada ()

Armenia Exports

Date

Canada Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Armenia
Top DestinationRussia$2.36B

Canada
Top DestinationUnited States$438B

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

In 2022, countries that imported more from Armenia than Canada included Russia ($2.36B), Georgia ($260M), and Bulgaria ($210M).

In 2022, countries that imported more from Canada than Armenia included United States ($438B), China ($25.4B), and Japan ($14.3B).

Difference in imports from Canada () and Armenia () (2022)

Comparative Advantage Armenia - Canada

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Armenia had a large net trade with Canada in the exports of Textiles ($5.68M), Metals ($933k), and Foodstuffs ($610k).

During 2017, Canada had a large net trade with Armenia in the exports of Transportation ($14M), Foodstuffs ($5.88M), and Animal Products ($1.86M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Armenia Canada+$1.37MNon-Knit Women's Coats

Top Product Potential Canada Armenia+$9.16MCars

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 Armenia and Canada. This means that a dot/product with the flag of Armenia indicates it has a comparative advantage over Canada. Similarly, a dot/product with the flag of Canada indicates it has a comparative advantage over Armenia.

About

Historical Data

Bilateral Trade by Products

Exports from Armenia () to Canada () (2022)

Exports from Canada () to Armenia () (2022)

Latest Data

Trade between Armenia () and Canada ()

Armenia Exports

Canada Exports

Market Competitiveness

Difference in imports from Canada () and Armenia () (2022)

Comparative Advantage Armenia - Canada

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Armenia () and Canada () (2022)

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