Armenia (ARM) and Greece (GRC) Trade | OEC - The Observatory of Economic Complexity

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Armenia-Greece In 2021, Armenia exported $193k to Greece. The main products that Armenia exported to Greece are Documents of title (bonds etc) and unused stamps ($72.4k), Hard Liquor ($30.8k), and Wine ($13.8k). During the last 26 years the exports of Armenia to Greece have increased at an annualized rate of 3.19%, from $85.1k in 1995 to $193k in 2021.

In 2021, Armenia did not export any services to Greece.

Greece-Armenia In 2021, Greece exported $35.7M to Armenia. The main products that Greece exported to Armenia were Aluminium Foil ($8.38M), Refined Petroleum ($5.41M), and Aluminium Bars ($5.36M). During the last 26 years the exports of Greece to Armenia have increased at an annualized rate of 5.57%, from $8.72M in 1995 to $35.7M in 2021.

In 2021, Greece did not export any services to Armenia.

Comparison In 2021, Armenia ranked 71 in the Economic Complexity Index (ECI -0.19), and 133 in total exports ($3.36B). That same year, Greece ranked 50 in the Economic Complexity Index (ECI 0.32), and 44 in total exports ($82B).

Historical Data

Bilateral Trade by Products

Depth

Value

Year

In 2021, Armenia exported $193k to Greece. The main products exported from Armenia to Greece were Documents of title (bonds etc) and unused stamps ($72.4k), Hard Liquor ($30.8k), and Wine ($13.8k). During the last 26 years the exports of Armenia to Greece have increased at an annualized rate of 3.19%, from $85.1k in 1995 to $193k in 2021.

In 2021, Greece exported $35.7M to Armenia. The main products exported from Greece to Armenia were Aluminium Foil ($8.38M), Refined Petroleum ($5.41M), and Aluminium Bars ($5.36M). During the last 26 years the exports of Greece to Armenia have increased at an annualized rate of 5.57%, from $8.72M in 1995 to $35.7M in 2021.

Latest Data

Armenia Exports

Date

Greece Exports

Date

Market Competitiveness

Color

SectionYear

Armenia
Top Destination: Russia, $789M

Greece
Top Destination: Italy, $6.8B

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

In 2021, countries that imported more from Armenia than Greece were Russia ($789M), Switzerland ($364M), and Iran ($65.4M).

In 2021, countries that imported more from Greece than Armenia were Italy ($6.8B), Germany ($6.09B), and Cyprus ($4.47B).

Comparative Advantage Armenia - Greece

Flow

Scale

Year

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

During 2021, Armenia had a large net trade with Greece in the exports of Foodstuffs ($74.9k), Paper Goods ($72.7k), and Precious Metals ($16.6k).

During 2021, Greece had a large net trade with Armenia in the exports of Metals ($15.9M), Mineral Products ($5.5M), and Foodstuffs ($4.72M).

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Armenia has comparative advantage over Greece. Similarly, the more yellow a dot/product is, the more Greece has comparative advantage over Armenia.

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Historical Data

Bilateral Trade by Products

Latest Data

Armenia Exports

Greece Exports

Market Competitiveness

Comparative Advantage Armenia - Greece

Economic Complexity

Competitive Landscape

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