Armenia (ARM) and Spain (ESP) Trade | The Observatory of Economic Complexity

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Armenia-Spain Trade: In 2022, Armenia exported $66M to Spain. The main products that Armenia exported to Spain were Copper Ore ($58.1M), Aluminium Foil ($4.53M), and Ferroalloys ($2.04M). Over the past 5 years the exports of Armenia to Spain have decreased at an annualized rate of 12.4%, from $128M in 2017 to $66M in 2022.

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

Spain-Armenia Trade: In 2022, Spain exported $95.6M to Armenia. The main products that Spain exported to Armenia were Vaccines, blood, antisera, toxins and cultures ($16.7M), Unglazed Ceramics ($7.81M), and Other Processed Vegetables ($7.25M). Over the past 5 years the exports of Spain to Armenia have increased at an annualized rate of 19.9%, from $38.6M in 2017 to $95.6M in 2022.

In 2022, Spain 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, Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Armenia exported $66M to Spain. The main products exported from Armenia to Spain were Copper Ore ($58.1M), Aluminium Foil ($4.53M), and Ferroalloys ($2.04M). During the last 5 years the exports of Armenia to Spain have decreased at an annualized rate of 12.4%, from $128M in 2017 to $66M in 2022.

In 2017, Spain exported $95.6M to Armenia. The main products exported from Spain to Armenia were Vaccines, blood, antisera, toxins and cultures ($16.7M), Unglazed Ceramics ($7.81M), and Other Processed Vegetables ($7.25M). During the last 5 years the exports of Spain to Armenia have increased at an annualized rate of 19.9%, from $38.6M in 2022 to $95.6M in 2017.

Exports from Armenia () to Spain () (2022)

Exports from Spain () to Armenia () (2022)

Latest Data

Trade between Armenia () and Spain ()

Armenia Exports

Date

Spain Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Armenia
Top DestinationRussia$2.36B

Spain
Top DestinationFrance$65.2B

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

In 2022, countries that imported more from Armenia than Spain included Russia ($2.36B), Georgia ($260M), and Iraq ($250M).

In 2022, countries that imported more from Spain than Armenia included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

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

Comparative Advantage Armenia - Spain

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Armenia had a large net trade with Spain in the exports of Mineral Products ($58.1M), Metals ($6.9M), and Textiles ($508k).

During 2017, Spain had a large net trade with Armenia in the exports of Chemical Products ($23.5M), Textiles ($13.5M), and Machines ($13.1M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Armenia Spain+$2.94MFerroalloys

Top Product Potential Spain Armenia+$2.18MPackaged Medicaments

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

About

Historical Data

Bilateral Trade by Products

Exports from Armenia () to Spain () (2022)

Exports from Spain () to Armenia () (2022)

Latest Data

Trade between Armenia () and Spain ()

Armenia Exports

Spain Exports

Market Competitiveness

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

Comparative Advantage Armenia - Spain

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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