Armenia (ARM) and Iran (IRN) Trade | The Observatory of Economic Complexity

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Armenia-Iran Trade: In 2022, Armenia exported $88.3M to Iran. The main products that Armenia exported to Iran were Electricity ($66.2M), Rolled Tobacco ($22.4M), and Copper Ore ($4.59M). Over the past 5 years the exports of Armenia to Iran have increased at an annualized rate of 11.2%, from $52M in 2017 to $88.3M in 2022.

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

Iran-Armenia Trade: In 2022, Iran exported $287M to Armenia. The main products that Iran exported to Armenia were Petroleum Gas ($57M), Refined Petroleum ($53.8M), and Raw Iron Bars ($46M). Over the past 5 years the exports of Iran to Armenia have increased at an annualized rate of 29.6%, from $78.6M in 2017 to $287M in 2022.

In 2022, Iran 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, Iran ranked 60 in the Economic Complexity Index (ECI 0.072), and 86 in total exports ($15.9B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Armenia exported $88.3M to Iran. The main products exported from Armenia to Iran were Electricity ($66.2M), Rolled Tobacco ($22.4M), and Copper Ore ($4.59M). During the last 5 years the exports of Armenia to Iran have increased at an annualized rate of 11.2%, from $52M in 2017 to $88.3M in 2022.

In 2017, Iran exported $287M to Armenia. The main products exported from Iran to Armenia were Petroleum Gas ($57M), Refined Petroleum ($53.8M), and Raw Iron Bars ($46M). During the last 20 years the exports of Iran to Armenia have increased at an annualized rate of 29.6%, from $78.6M in 1997 to $287M in 2017.

Exports from Armenia () to Iran () (2022)

Exports from Iran () to Armenia () (2022)

Latest Data

Trade between Armenia () and Iran ()

Armenia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Armenia
Top DestinationRussia$2.36B

Iran
Top DestinationChina$5.72B

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 2022, countries that imported more from Armenia than Iran included Russia ($2.36B), Iraq ($250M), and Switzerland ($257M).

In 2022, countries that imported more from Iran than Armenia included China ($5.72B), Turkey ($3.17B), and Kuwait ($960M).

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

Comparative Advantage Armenia - Iran

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Armenia had a large net trade with Iran in the exports of Mineral Products ($71.2M), Foodstuffs ($26.2M), and Machines ($4.94M).

During 2017, Iran had a large net trade with Armenia in the exports of Mineral Products ($161M), Metals ($142M), and Vegetable Products ($48M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Armenia Iran+$8.51MRolled Tobacco

Top Product Potential Iran Armenia+$2.08MEthylene Polymers

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 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.

About

Historical Data

Bilateral Trade by Products

Exports from Armenia () to Iran () (2022)

Exports from Iran () to Armenia () (2022)

Latest Data

Trade between Armenia () and Iran ()

Armenia Exports

Market Competitiveness

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

Comparative Advantage Armenia - Iran

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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