2022
Flag  
GDP
$19.5BCURRENT US$
Rnk 117 / 186
2012-2022
Flag
GDP GROWTH
83.7%CURRENT US$
Rnk 25 / 186
2022
Flag
 GDP
$586BCURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP GROWTH
6.06%CURRENT US$
Rnk 151 / 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
$55,873CURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP PC GROWTH
-3.73%CURRENT US$
Rnk 149 / 186

About

Armenia-Sweden In 2022, Armenia exported $480k to Sweden. The main products that Armenia exported to Sweden are Hair Products ($76.9k), Other Processed Fruits and Nuts ($55.4k), and Processed Tomatoes ($31.4k). During the last 25 years the exports of Armenia to Sweden have increased at an annualized rate of 31.2%, from $545 in 1997 to $480k in 2022.

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

Sweden-Armenia In 2022, Sweden exported $24.2M to Armenia. The main products that Sweden exported to Armenia were Delivery Trucks ($2.63M), Tractors ($2.38M), and Processed Tobacco ($1.76M). During the last 25 years the exports of Sweden to Armenia have increased at an annualized rate of 35.2%, from $12.8k in 1997 to $24.2M in 2022.

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

Comparison In 2022,  Armenia ranked 74 in the Economic Complexity Index (ECI -0.24), and 122 in total exports ($5.78B). That same year, Sweden ranked 7 in the Economic Complexity Index (ECI 1.5), and 33 in total exports ($194B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Armenia exported $480k to Sweden. The main products exported from Armenia to Sweden were Hair Products ($76.9k), Other Processed Fruits and Nuts ($55.4k), and Processed Tomatoes ($31.4k). During the last 25 years the exports of Armenia to Sweden have increased at an annualized rate of 31.2%, from $545 in 1997 to $480k in 2022.

In 2022, Sweden exported $24.2M to Armenia. The main products exported from Sweden to Armenia were Delivery Trucks ($2.63M), Tractors ($2.38M), and Processed Tobacco ($1.76M). During the last 27 years the exports of Sweden to Armenia have increased at an annualized rate of 35.2%, from $12.8k in 1995 to $24.2M in 2022.

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

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

Latest Data

Trade between Armenia (Flag) and Sweden (Flag)

Armenia Exports

Sweden Exports

Market Competitiveness

Color
Armenia
Top Destination
Russia$2.36B
Sweden
Top Destination
Germany$19.2B

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

In 2021, countries that imported more from Armenia than Sweden were Russia ($2.36B), Georgia ($260M), and Iraq ($250M).

In 2021, countries that imported more from Sweden than Armenia were Germany ($19.2B), Norway ($18.7B), and United States ($17.8B).

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

Comparative Advantage Armenia - Sweden

Flow
Scale

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

During 2022, Armenia had a large net trade with Sweden in the exports of Foodstuffs ($217k), Chemical Products ($94.6k), and Textiles ($50.9k).

During 2022, Sweden had a large net trade with Armenia in the exports of Transportation ($6.77M), Machines ($5.52M), and Chemical Products ($2.54M).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Armenia has comparative advantage over Sweden. Similarly, the more yellow a dot/product is, the more Sweden has comparative advantage over Armenia.

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

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