2021
Flag  
GDP
$13.9BCURRENT US$
Rnk 133 / 204
2011-2021
Flag
GDP GROWTH
36.7%CURRENT US$
Rnk 84 / 204
2021
Flag
 GDP
$359BCURRENT US$
Rnk 41 / 204
2011-2021
Flag
GDP GROWTH
-42.6%CURRENT US$
Rnk 203 / 204
2021
Flag
GDP PC 
$4,967CURRENT US$
Rnk 121 / 204
2011-2021
Flag
GDP PC GROWTH
43.4%CURRENT US$
Rnk 43 / 204
2021
Flag
GDP PC
$4,084CURRENT US$
Rnk 132 / 204
2011-2021
Flag
GDP PC GROWTH
-50.2%CURRENT US$
Rnk 201 / 204

About

Armenia-Iran In 2021, Armenia exported $65.4M to Iran. The main products that Armenia exported to Iran are Electricity ($44.6M), Chocolate ($2.49M), and Iron Ingots ($1.8M). During the last 24 years the exports of Armenia to Iran have increased at an annualized rate of 0.89%, from $52.9M in 1997 to $65.4M in 2021.

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

Iran-Armenia In 2021, Iran exported $406M to Armenia. The main products that Iran exported to Armenia were Petroleum Gas ($63.9M), Refined Petroleum ($40.7M), and Petroleum Coke ($23.5M). During the last 24 years the exports of Iran to Armenia have increased at an annualized rate of 7.06%, from $78.9M in 1997 to $406M in 2021.

In 2021, Iran 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, Iran ranked 67 in the Economic Complexity Index (ECI -0.091), and 85 in total exports ($14B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Armenia exported $65.4M to Iran. The main products exported from Armenia to Iran were Electricity ($44.6M), Chocolate ($2.49M), and Iron Ingots ($1.8M). During the last 24 years the exports of Armenia to Iran have increased at an annualized rate of 0.89%, from $52.9M in 1997 to $65.4M in 2021.

In 2021, Iran exported $406M to Armenia. The main products exported from Iran to Armenia were Petroleum Gas ($63.9M), Refined Petroleum ($40.7M), and Petroleum Coke ($23.5M). During the last 24 years the exports of Iran to Armenia have increased at an annualized rate of 7.06%, from $78.9M in 1997 to $406M in 2021.

Exports from Armenia (Flag) to Iran (Flag) (2021)

Exports from Iran (Flag) to Armenia (Flag) (2021)

Latest Data

Trade between Armenia (Flag) and Iran (Flag)

Armenia Exports

Market Competitiveness

Color
Armenia
Top Destination
Russia$789M
Iran
Top Destination
China$5.94B

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

In 2021, countries that imported more from Armenia than Iran were Russia ($789M), Switzerland ($364M), and Iraq ($177M).

In 2021, countries that imported more from Iran than Armenia were China ($5.94B), Turkey ($2.72B), and Pakistan ($614M).

Difference in imports from Iran (Flag) and Armenia (Flag) (2021)

Comparative Advantage Armenia - Iran

Flow
Scale

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

During 2021, Armenia had a large net trade with Iran in the exports of Mineral Products ($45.1M), Foodstuffs ($5.99M), and Machines ($5.76M).

During 2021, Iran had a large net trade with Armenia in the exports of Mineral Products ($145M), Metals ($80.6M), and Vegetable Products ($40.8M).

Economic Complexity

Competitive Landscape

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 Iran. Similarly, the more yellow a dot/product is, the more Iran has comparative advantage over Armenia.

Product Space of Armenia (Flag) and Iran (Flag) (2021)

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