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2022
Flag → Flag
Exports $2.18MRnk 47 / 129
2022
Flag → Flag
Top Product $1.29MNon-Knit Women's Coats
2022
Flag → Flag
Exports $5.14MRnk 156 / 210
2022
Flag → Flag
Top Product $1.82MOffice Machine Parts
2022
Flag
Economic Complexity (ECI) ECI 0.00081Rnk 66 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.94Rnk 3 / 133
2022
Flag  
GDP$19.5BCURRENT US$
Rnk 117 / 186
2012-2022
Flag
GDP GROWTH83.7%CURRENT US$
Rnk 25 / 186
2022
Flag
GDP PC $7,014CURRENT US$
Rnk 91 / 186
2012-2022
Flag
GDP PC GROWTH92.5%CURRENT US$
Rnk 10 / 186

About

Armenia-Chinese Taipei Trade: In 2022, Armenia exported $2.18M to Chinese Taipei. The main products that Armenia exported to Chinese Taipei were Non-Knit Women's Coats ($1.29M), Non-Knit Men's Coats ($566k), and Machinery Having Individual Functions ($192k). Over the past 5 years the exports of Armenia to Chinese Taipei have increased at an annualized rate of 14.3%, from $1.12M in 2017 to $2.18M in 2022.

In 2022, Armenia did not export any services to Chinese Taipei.

Chinese Taipei-Armenia Trade: In 2022, Chinese Taipei exported $5.14M to Armenia. The main products that Chinese Taipei exported to Armenia were Office Machine Parts ($1.82M), Blank Audio Media ($1.2M), and Other Plastic Products ($550k). Over the past 5 years the exports of Chinese Taipei to Armenia have decreased at an annualized rate of 3.84%,  from $6.25M in 2017 to $5.14M in 2022.

In 2022, Chinese Taipei 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, Chinese Taipei ranked 3 in the Economic Complexity Index (ECI 1.94), and 11 in total exports ($542B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Armenia exported $2.18M to Chinese Taipei. The main products exported from Armenia to Chinese Taipei were Non-Knit Women's Coats ($1.29M), Non-Knit Men's Coats ($566k), and Machinery Having Individual Functions ($192k). During the last 5 years the exports of Armenia to Chinese Taipei have increased at an annualized rate of 14.3%, from $1.12M in 2017 to $2.18M in 2022.

In 2017, Chinese Taipei exported $5.14M to Armenia. The main products exported from Chinese Taipei to Armenia were Office Machine Parts ($1.82M), Blank Audio Media ($1.2M), and Other Plastic Products ($550k). During the last 5 years the exports of Chinese Taipei to Armenia have decreased at an annualized rate of 3.84%, from $6.25M in 2022 to $5.14M in 2017.

Exports from Armenia (Flag) to Chinese Taipei (Flag) (2022)

Exports from Chinese Taipei (Flag) to Armenia (Flag) (2022)

Market Competitiveness

Color
Armenia
Top DestinationRussia$2.36B
Chinese Taipei
Top DestinationChina$121B

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

In 2022, countries that imported more from Armenia than Chinese Taipei included Russia ($2.36B), Georgia ($260M), and Belarus ($74.6M).

In 2022, countries that imported more from Chinese Taipei than Armenia included China ($121B), United States ($82.6B), and Hong Kong ($65.8B).

Difference in imports from Chinese Taipei (Flag) and Armenia (Flag) (2022)

Comparative Advantage Armenia - Chinese Taipei

Flow
Scale

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

During 2022, Armenia had a large net trade with Chinese Taipei in the exports of Textiles ($1.93M), Machines ($198k), and Foodstuffs ($27.2k).

During 2017, Chinese Taipei had a large net trade with Armenia in the exports of Machines ($3.54M), Plastics and Rubbers ($827k), and Chemical Products ($340k).

Economic Complexity

Competitive Landscape

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

Product Space of Armenia (Flag) and Chinese Taipei (Flag) (2022)

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