2022
Flag  
GDP
$19.5BCURRENT US$
Rnk 117 / 186
2012-2022
Flag
GDP GROWTH
83.7%CURRENT US$
Rnk 25 / 186
2022
Flag
 GDP
$522BCURRENT US$
Rnk 27 / 186
2012-2022
Flag
GDP GROWTH
99%CURRENT US$
Rnk 14 / 186
2022
Flag
GDP PC 
$7,014CURRENT US$
Rnk 91 / 186
2012-2022
Flag
GDP PC GROWTH
92.5%CURRENT US$
Rnk 10 / 186
2022
Flag
GDP PC
$54,660CURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP PC GROWTH
64.9%CURRENT US$
Rnk 21 / 186

About

Armenia-Israel Trade: In 2022, Armenia exported $13.4M to Israel. The main products that Armenia exported to Israel were Diamonds ($9.3M), Optical Fibers and optical fibre bundles ($1.05M), and Sawn Wood ($501k). Over the past 5 years the exports of Armenia to Israel have increased at an annualized rate of 43.2%, from $2.23M in 2017 to $13.4M in 2022.

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

Israel-Armenia Trade: In 2022, Israel exported $21M to Armenia. The main products that Israel exported to Armenia were Diamonds ($7.3M), Machinery Having Individual Functions ($1.19M), and Fruit Juice ($1.13M). Over the past 5 years the exports of Israel to Armenia have increased at an annualized rate of 27.2%,  from $6.31M in 2017 to $21M in 2022.

In 2022, Israel 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, Israel ranked 20 in the Economic Complexity Index (ECI 1.23), and 49 in total exports ($76.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Armenia exported $13.4M to Israel. The main products exported from Armenia to Israel were Diamonds ($9.3M), Optical Fibers and optical fibre bundles ($1.05M), and Sawn Wood ($501k). During the last 5 years the exports of Armenia to Israel have increased at an annualized rate of 43.2%, from $2.23M in 2017 to $13.4M in 2022.

In 2017, Israel exported $21M to Armenia. The main products exported from Israel to Armenia were Diamonds ($7.3M), Machinery Having Individual Functions ($1.19M), and Fruit Juice ($1.13M). During the last 5 years the exports of Israel to Armenia have increased at an annualized rate of 27.2%, from $6.31M in 2022 to $21M in 2017.

Exports from Armenia (Flag) to Israel (Flag) (2022)

Exports from Israel (Flag) to Armenia (Flag) (2022)

Latest Data

Trade between Armenia (Flag) and Israel (Flag)

Armenia Exports

Israel Exports

Market Competitiveness

Color
Armenia
Top Destination
Russia$2.36B
Israel
Top Destination
United States$20.3B

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

In 2022, countries that imported more from Armenia than Israel included Russia ($2.36B), Iraq ($250M), and Georgia ($260M).

In 2022, countries that imported more from Israel than Armenia included United States ($20.3B), China ($5.53B), and Palestine ($4.6B).

Difference in imports from Israel (Flag) and Armenia (Flag) (2022)

Comparative Advantage Armenia - Israel

Flow
Scale

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

During 2022, Armenia had a large net trade with Israel in the exports of Precious Metals ($9.39M), Foodstuffs ($2M), and Instruments ($1.25M).

During 2017, Israel had a large net trade with Armenia in the exports of Precious Metals ($8.19M), Machines ($3.88M), and Instruments ($2.51M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Armenia Israel+$8.09MDiamonds
Top Product Potential Israel Armenia+$5.33MDiamonds

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

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

Product Space of Armenia (Flag) and Israel (Flag) (2022)

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