Armenia (ARM) and India (IND) Trade | The Observatory of Economic Complexity

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Armenia-India Trade: In 2022, Armenia exported $3.6M to India. The main products that Armenia exported to India were Gold ($195M), Raw Lead ($724k), and Medical Instruments ($619k). Over the past 5 years the exports of Armenia to India have increased at an annualized rate of 68.6%, from $264k in 2017 to $3.6M in 2022.

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

India-Armenia Trade: In 2022, India exported $49.3M to Armenia. The main products that India exported to Armenia were Diamonds ($79.6M), Broadcasting Equipment ($29.8M), and Raw Tobacco ($9.05M). Over the past 5 years the exports of India to Armenia have increased at an annualized rate of 288%, from $56.1k in 2017 to $49.3M in 2022.

In 2022, India 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, India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Armenia exported $3.6M to India. The main products exported from Armenia to India were Gold ($195M), Raw Lead ($724k), and Medical Instruments ($619k). During the last 5 years the exports of Armenia to India have increased at an annualized rate of 68.6%, from $264k in 2017 to $3.6M in 2022.

In 2017, India exported $49.3M to Armenia. The main products exported from India to Armenia were Diamonds ($79.6M), Broadcasting Equipment ($29.8M), and Raw Tobacco ($9.05M). During the last 22 years the exports of India to Armenia have increased at an annualized rate of 288%, from $56.1k in 1995 to $49.3M in 2017.

Exports from Armenia () to India () (2022)

Exports from India () to Armenia () (2022)

Latest Data

Trade between Armenia () and India ()

Armenia Exports

Date

India Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Armenia
Top DestinationRussia$2.36B

India
Top DestinationUnited States$82.9B

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

In 2022, countries that imported more from Armenia than India included Belarus ($74.6M) and Georgia ($260M).

In 2022, countries that imported more from India than Armenia included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

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

Comparative Advantage Armenia - India

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Armenia had a large net trade with India in the exports of Precious Metals ($195M), Instruments ($808k), and Metals ($766k).

During 2017, India had a large net trade with Armenia in the exports of Precious Metals ($87.4M), Machines ($40.8M), and Foodstuffs ($12.6M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Armenia India+$55.2MGold

Top Product Potential India Armenia+$18.1MDiamonds

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

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Historical Data

Bilateral Trade by Products

Exports from Armenia () to India () (2022)

Exports from India () to Armenia () (2022)

Latest Data

Trade between Armenia () and India ()

Armenia Exports

India Exports

Market Competitiveness

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

Comparative Advantage Armenia - India

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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