Armenia (ARM) and China (CHN) Trade | The Observatory of Economic Complexity

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Armenia-China Trade: In 2023, Armenia exported $425M to China. The main products that Armenia exported to China were Copper Ore ($344M), Molybdenum Ore ($59.3M), and Gold ($5.84M). Over the past 5 years the exports of Armenia to China have increased at an annualized rate of 27.6%, from $126M in 2018 to $425M in 2023.

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

China-Armenia Trade: In 2023, China exported $1.62B to Armenia. The main products that China exported to Armenia were Broadcasting Equipment ($148M), Computers ($99.2M), and Cars ($58.6M). Over the past 5 years the exports of China to Armenia have increased at an annualized rate of 19.8%, from $659M in 2018 to $1.62B in 2023.

In 2023, China 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, China ranked 21 in the Economic Complexity Index (ECI 1.16), and 1 in total exports ($3.42T).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Armenia exported $425M to China. The main products exported from Armenia to China were Copper Ore ($344M), Molybdenum Ore ($59.3M), and Gold ($5.84M). During the last 5 years the exports of Armenia to China have increased at an annualized rate of 27.6%, from $126M in 2018 to $425M in 2023.

In 2018, China exported $1.62B to Armenia. The main products exported from China to Armenia were Broadcasting Equipment ($148M), Computers ($99.2M), and Cars ($58.6M). During the last 5 years the exports of China to Armenia have increased at an annualized rate of 19.8%, from $659M in 2023 to $1.62B in 2018.

Exports from Armenia () to China () (2023)

Exports from China () to Armenia () (2023)

Latest Data

Trade between Armenia () and China ()

Armenia Exports

Date

China Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Armenia
Top DestinationRussia$3.38B

China
Top DestinationUnited States$436B

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

In 2023, no countries were registered that imported more from Armenia than from China.

In 2023, countries that imported more from China than Armenia included United States ($436B), Hong Kong ($259B), and Japan ($169B).

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

Comparative Advantage Armenia - China

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Armenia had a large net trade with China in the exports of Mineral Products ($404M), Precious Metals ($7.15M), and Instruments ($6.7M).

During 2018, China had a large net trade with Armenia in the exports of Machines ($798M), Transportation ($196M), and Textiles ($132M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Armenia China+$101MCopper Ore

Top Product Potential China Armenia+$75.1MTelephones

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

About

Historical Data

Bilateral Trade by Products

Exports from Armenia () to China () (2023)

Exports from China () to Armenia () (2023)

Latest Data

Trade between Armenia () and China ()

Armenia Exports

China Exports

Market Competitiveness

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

Comparative Advantage Armenia - China

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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