2023
Flag  
GDP
$24.1BCURRENT US$
Rnk 114 / 195
2013-2023
Flag
GDP GROWTH
117%CURRENT US$
Rnk 9 / 195
2023
Flag
 GDP
$405BCURRENT US$
Rnk 36 / 195
2013-2023
Flag
GDP GROWTH
-19.1%CURRENT US$
Rnk 189 / 195
2023
Flag
GDP PC 
$8,053CURRENT US$
Rnk 96 / 195
2013-2023
Flag
GDP PC GROWTH
119%CURRENT US$
Rnk 4 / 195
2023
Flag
GDP PC
$4,466CURRENT US$
Rnk 125 / 196
2013-2023
Flag
GDP PC GROWTH
-28.2%CURRENT US$
Rnk 186 / 195

About

In N/A, Armenia did not export any services to Iran.

Iran-Armenia Trade: In N/A, Iran exported $597M to Armenia. The main products that Iran exported to Armenia were Raw Iron Bars ($72.4M), Petroleum Gas ($62.2M), and Refined Petroleum ($44.1M). Over the past N/A years the exports of Iran to Armenia have increased at an annualized rate of 15.1%,  from $296M in N/A to $597M in N/A.

In N/A, Iran 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, Iran ranked 58 in the Economic Complexity Index (ECI 0.084), and 92 in total exports ($13.2B).

Historical Data

Bilateral Trade by Products

Depth
Value

Armenia does not register exports to Iran. The main products exported from Armenia to Iran were Electricity ($58.6M), Copper Ore ($10.9M), and Semi-Finished Iron ($4.38M).

In 2018, Iran exported $597M to Armenia. The main products exported from Iran to Armenia were Raw Iron Bars ($72.4M), Petroleum Gas ($62.2M), and Refined Petroleum ($44.1M). During the last 5 years the exports of Iran to Armenia have increased at an annualized rate of 15.1%, from $296M in 2023 to $597M in 2018.

Exports from Armenia (Flag) to Iran (Flag) (2023)

Exports from Iran (Flag) to Armenia (Flag) (2023)

Latest Data

Trade between Armenia (Flag) and Iran (Flag)

Armenia Exports

Market Competitiveness

Color
Armenia
Top Destination
Russia$3.38B
Iran
Top Destination
China$4.59B

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 2023, countries that imported more from Armenia than Iran included Russia ($3.38B), United Arab Emirates ($2.25B), and Hong Kong ($669M).

In 2023, countries that imported more from Iran than Armenia included China ($4.59B), Turkey ($2.18B), and India ($1.02B).

Difference in imports from Iran (Flag) and Armenia (Flag) (2023)

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 2018, Iran had a large net trade with Armenia in the exports of N/A.

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Armenia and Iran. This means that a dot/product with the flag of Armenia indicates it has a comparative advantage over Iran. Similarly, a dot/product with the flag of Iran indicates it has a comparative advantage over Armenia.

Product Space of Armenia (Flag) and Iran (Flag) (2023)

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