Armenia (ARM) and Netherlands (NLD) Trade | The Observatory of Economic Complexity

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Armenia-Netherlands Trade: In 2022, Armenia exported $216M to Netherlands. The main products that Armenia exported to Netherlands were Ferroalloys ($198M), Aluminium Foil ($12.8M), and Electric Furnaces ($1.28M). Over the past 5 years the exports of Armenia to Netherlands have increased at an annualized rate of 19.4%, from $89M in 2017 to $216M in 2022.

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

Netherlands-Armenia Trade: In 2022, Netherlands exported $92.4M to Armenia. The main products that Netherlands exported to Armenia were Tractors ($6.53M), Other live plants, cuttings and slips; mushroom spawn ($4.6M), and Vaccines, blood, antisera, toxins and cultures ($3.76M). Over the past 5 years the exports of Netherlands to Armenia have increased at an annualized rate of 14.2%, from $47.5M in 2017 to $92.4M in 2022.

In 2022, Netherlands 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, Netherlands ranked 23 in the Economic Complexity Index (ECI 1.11), and 6 in total exports ($674B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Armenia exported $216M to Netherlands. The main products exported from Armenia to Netherlands were Ferroalloys ($198M), Aluminium Foil ($12.8M), and Electric Furnaces ($1.28M). During the last 5 years the exports of Armenia to Netherlands have increased at an annualized rate of 19.4%, from $89M in 2017 to $216M in 2022.

In 2017, Netherlands exported $92.4M to Armenia. The main products exported from Netherlands to Armenia were Tractors ($6.53M), Other live plants, cuttings and slips; mushroom spawn ($4.6M), and Vaccines, blood, antisera, toxins and cultures ($3.76M). During the last 5 years the exports of Netherlands to Armenia have increased at an annualized rate of 14.2%, from $47.5M in 2022 to $92.4M in 2017.

Exports from Armenia () to Netherlands () (2022)

Exports from Netherlands () to Armenia () (2022)

Latest Data

Trade between Armenia () and Netherlands ()

Armenia Exports

Date

Netherlands Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Armenia
Top DestinationRussia$2.36B

Netherlands
Top DestinationGermany$131B

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 2022, countries that imported more from Armenia than Netherlands included Georgia ($260M).

In 2022, countries that imported more from Netherlands than Armenia included Germany ($131B), Belgium ($94.3B), and France ($59.9B).

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

Comparative Advantage Armenia - Netherlands

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Armenia had a large net trade with Netherlands in the exports of Metals ($211M), Machines ($1.75M), and Textiles ($1.2M).

During 2017, Netherlands had a large net trade with Armenia in the exports of Machines ($18.3M), Transportation ($13.3M), and Vegetable Products ($10.2M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

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

Year

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.

About

Historical Data

Bilateral Trade by Products

Exports from Armenia () to Netherlands () (2022)

Exports from Netherlands () to Armenia () (2022)

Latest Data

Trade between Armenia () and Netherlands ()

Armenia Exports

Netherlands Exports

Market Competitiveness

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

Comparative Advantage Armenia - Netherlands

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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