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Pricing

2022
Flag → Flag
Exports $69.9MRnk 15 / 129
2022
Flag → Flag
Top Product $57.8MGold
2022
Flag → Flag
Exports $218MRnk 108 / 219
2022
Flag → Flag
Top Product $11.9MLight Rubberized Knitted Fabric
2022
Flag
Economic Complexity (ECI) ECI 0.00081Rnk 66 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.6Rnk 41 / 133
2022
Flag  
GDP$19.5BCURRENT US$
Rnk 117 / 186
2012-2022
Flag
GDP GROWTH83.7%CURRENT US$
Rnk 25 / 186
2022
Flag
 GDP$906BCURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 160 / 186
2022
Flag
GDP PC $7,014CURRENT US$
Rnk 91 / 186
2012-2022
Flag
GDP PC GROWTH92.5%CURRENT US$
Rnk 10 / 186
2022
Flag
GDP PC$10,616CURRENT US$
Rnk 75 / 186
2012-2022
Flag
GDP PC GROWTH-9.24%CURRENT US$
Rnk 162 / 186

About

Armenia-Turkey Trade: In 2022, Armenia exported $69.9M to Turkey. The main products that Armenia exported to Turkey were Gold ($57.8M), Molybdenum Ore ($4.31M), and Other Precious Metal Products ($2.55M). Over the past 5 years the exports of Armenia to Turkey have increased at an annualized rate of 85.5%, from $3.18M in 2017 to $69.9M in 2022.

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

Turkey-Armenia Trade: In 2022, Turkey exported $218M to Armenia. The main products that Turkey exported to Armenia were Light Rubberized Knitted Fabric ($11.9M), Refined Petroleum ($9.35M), and Aluminium Bars ($7.99M). Over the past 5 years the exports of Turkey to Armenia have decreased at an annualized rate of 0.2%,  from $220M in 2017 to $218M in 2022.

In 2022, Turkey 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, Turkey ranked 41 in the Economic Complexity Index (ECI 0.6), and 29 in total exports ($262B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Armenia exported $69.9M to Turkey. The main products exported from Armenia to Turkey were Gold ($57.8M), Molybdenum Ore ($4.31M), and Other Precious Metal Products ($2.55M). During the last 5 years the exports of Armenia to Turkey have increased at an annualized rate of 85.5%, from $3.18M in 2017 to $69.9M in 2022.

In 2017, Turkey exported $218M to Armenia. The main products exported from Turkey to Armenia were Light Rubberized Knitted Fabric ($11.9M), Refined Petroleum ($9.35M), and Aluminium Bars ($7.99M). During the last 5 years the exports of Turkey to Armenia have decreased at an annualized rate of 0.2%, from $220M in 2022 to $218M in 2017.

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

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

Latest Data

Trade between Armenia (Flag) and Turkey (Flag)

Armenia Exports

Turkey Exports

Market Competitiveness

Color
Armenia
Top DestinationRussia$2.36B
Turkey
Top DestinationGermany$21.9B

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

In 2022, no countries were registered that imported more from Armenia than from Turkey.

In 2022, countries that imported more from Turkey than Armenia included Germany ($21.9B), United States ($17.1B), and United Kingdom ($13.7B).

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

Comparative Advantage Armenia - Turkey

Flow
Scale

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

During 2022, Armenia had a large net trade with Turkey in the exports of Precious Metals ($60.6M), Mineral Products ($4.31M), and Metals ($2.43M).

During 2017, Turkey had a large net trade with Armenia in the exports of Textiles ($55.3M), Machines ($39.8M), and Metals ($25.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Armenia Turkey+$43.2MGold
Top Product Potential Turkey Armenia+$10.8MRefined 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 Turkey. This means that a dot/product with the flag of Armenia indicates it has a comparative advantage over Turkey. Similarly, a dot/product with the flag of Turkey indicates it has a comparative advantage over Armenia.

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

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