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2023
Flag → Flag
Exports $126kRnk 91 / 133
2023
Flag → Flag
Top Product $35.6kNon-Knit Women's Coats
2023
Flag → Flag
Exports $2.39MRnk 107 / 191
2023
Flag → Flag
Top Product $296kCars
2023
Flag
Economic Complexity (ECI) ECI 0.094Rnk 57 / 132
2023
Flag  
GDP$24.1BCURRENT US$
Rnk 114 / 195
2013-2023
Flag
GDP GROWTH117%CURRENT US$
Rnk 9 / 195
2023
Flag
 GDP$85.8BCURRENT US$
Rnk 72 / 195
2013-2023
Flag
GDP GROWTH31.5%CURRENT US$
Rnk 111 / 195
2023
Flag
GDP PC $8,053CURRENT US$
Rnk 96 / 195
2013-2023
Flag
GDP PC GROWTH119%CURRENT US$
Rnk 4 / 195
2023
Flag
GDP PC$128,678CURRENT US$
Rnk 2 / 196
2013-2023
Flag
GDP PC GROWTH7.23%CURRENT US$
Rnk 143 / 195

About

Armenia-Luxembourg Trade: In 2023, Armenia exported $126k to Luxembourg. The main products that Armenia exported to Luxembourg were Non-Knit Women's Coats ($35.6k), Non-Knit Men's Coats ($25.1k), and Non-Knit Men's Suits ($24.9k). Over the past 5 years the exports of Armenia to Luxembourg have decreased at an annualized rate of 37.3%, from $1.3M in 2018 to $126k in 2023.

In 2023, Armenia did not export any services to Luxembourg.

Luxembourg-Armenia Trade: In 2023, Luxembourg exported $2.39M to Armenia. The main products that Luxembourg exported to Armenia were Cars ($296k), Washing and Bottling Machines ($295k), and Trailers and semi-trailers, not mechanically propelled vehicles ($268k). Over the past 5 years the exports of Luxembourg to Armenia have increased at an annualized rate of 16.2%,  from $1.13M in 2018 to $2.39M in 2023.

In 2023, Luxembourg 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, Luxembourg ranked 82 in total exports ($18.9B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Armenia exported $126k to Luxembourg. The main products exported from Armenia to Luxembourg were Non-Knit Women's Coats ($35.6k), Non-Knit Men's Coats ($25.1k), and Non-Knit Men's Suits ($24.9k). During the last 5 years the exports of Armenia to Luxembourg have decreased at an annualized rate of 37.3%, from $1.3M in 2018 to $126k in 2023.

In 2018, Luxembourg exported $2.39M to Armenia. The main products exported from Luxembourg to Armenia were Cars ($296k), Washing and Bottling Machines ($295k), and Trailers and semi-trailers, not mechanically propelled vehicles ($268k). During the last 5 years the exports of Luxembourg to Armenia have increased at an annualized rate of 16.2%, from $1.13M in 2023 to $2.39M in 2018.

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

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

Latest Data

Trade between Armenia (Flag) and Luxembourg (Flag)

Armenia Exports

Luxembourg Exports

Market Competitiveness

Color
Armenia
Top DestinationRussia$3.38B
Luxembourg
Top DestinationGermany$3.42B

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

In 2023, countries that imported more from Armenia than Luxembourg included Russia ($3.38B), United Arab Emirates ($2.25B), and Georgia ($340M).

In 2023, countries that imported more from Luxembourg than Armenia included Germany ($3.42B), France ($2.8B), and Belgium ($1.59B).

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

Comparative Advantage Armenia - Luxembourg

Flow
Scale

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

During 2023, Armenia had a large net trade with Luxembourg in the exports of Textiles ($90.4k), Machines ($10.2k), and Vegetable Products ($10.2k).

During 2018, Luxembourg had a large net trade with Armenia in the exports of Machines ($829k), Transportation ($639k), and Plastics and Rubbers ($402k).

Economic Complexity

Competitive Landscape

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

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

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