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2023
Flag → Flag
Exports $235MRnk 6 / 133
2023
Flag → Flag
Top Product $206MFerroalloys
2023
Flag → Flag
Exports $81.7MRnk 125 / 224
2023
Flag → Flag
Top Product $8.34MTractors
2023
Flag
Economic Complexity (ECI) ECI 0.094Rnk 57 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.08Rnk 26 / 132
2023
Flag  
GDP$24.1BCURRENT US$
Rnk 114 / 195
2013-2023
Flag
GDP GROWTH117%CURRENT US$
Rnk 9 / 195
2023
Flag
 GDP$1.15TCURRENT US$
Rnk 17 / 195
2013-2023
Flag
GDP GROWTH30.6%CURRENT US$
Rnk 114 / 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$64,572CURRENT US$
Rnk 17 / 196
2013-2023
Flag
GDP PC GROWTH22.8%CURRENT US$
Rnk 96 / 195

About

Armenia-Netherlands Trade: In 2023, Armenia exported $235M to Netherlands. The main products that Armenia exported to Netherlands were Ferroalloys ($206M), Molybdenum Ore ($13.9M), and Aluminium Foil ($9.58M). Over the past 5 years the exports of Armenia to Netherlands have increased at an annualized rate of 11.9%, from $134M in 2018 to $235M in 2023.

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

Netherlands-Armenia Trade: In 2023, Netherlands exported $81.7M to Armenia. The main products that Netherlands exported to Armenia were Tractors ($8.34M), Other live plants, cuttings and slips; mushroom spawn ($4.13M), and Vaccines, blood, antisera, toxins and cultures ($4.04M). Over the past 5 years the exports of Netherlands to Armenia have increased at an annualized rate of 5.47%,  from $62.6M in 2018 to $81.7M in 2023.

In 2023, Netherlands 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, Netherlands ranked 26 in the Economic Complexity Index (ECI 1.08), and 9 in total exports ($599B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Armenia exported $235M to Netherlands. The main products exported from Armenia to Netherlands were Ferroalloys ($206M), Molybdenum Ore ($13.9M), and Aluminium Foil ($9.58M). During the last 5 years the exports of Armenia to Netherlands have increased at an annualized rate of 11.9%, from $134M in 2018 to $235M in 2023.

In 2018, Netherlands exported $81.7M to Armenia. The main products exported from Netherlands to Armenia were Tractors ($8.34M), Other live plants, cuttings and slips; mushroom spawn ($4.13M), and Vaccines, blood, antisera, toxins and cultures ($4.04M). During the last 5 years the exports of Netherlands to Armenia have increased at an annualized rate of 5.47%, from $62.6M in 2023 to $81.7M in 2018.

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

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

Latest Data

Trade between Armenia (Flag) and Netherlands (Flag)

Armenia Exports

Netherlands Exports

Market Competitiveness

Color
Armenia
Top DestinationRussia$3.38B
Netherlands
Top DestinationGermany$96.9B

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

In 2023, countries that imported more from Armenia than Netherlands included Russia ($3.38B), Botswana ($114M), and Georgia ($340M).

In 2023, countries that imported more from Netherlands than Armenia included Germany ($96.9B), Belgium ($87B), and France ($67.3B).

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

Comparative Advantage Armenia - Netherlands

Flow
Scale

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

During 2023, Armenia had a large net trade with Netherlands in the exports of Metals ($216M), Mineral Products ($13.9M), and Machines ($1.79M).

During 2018, Netherlands had a large net trade with Armenia in the exports of Transportation ($12.9M), Vegetable Products ($12.6M), and Machines ($12.5M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Armenia Netherlands+$1.55MHard Liquor
Top Product Potential Netherlands Armenia+$5.76MRefined Petroleum

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 Netherlands. This means that a dot/product with the flag of Armenia indicates it has a comparative advantage over Netherlands. Similarly, a dot/product with the flag of Netherlands indicates it has a comparative advantage over Armenia.

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

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