Armenia (ARM) and South Africa (ZAF) Trade | The Observatory of Economic Complexity

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Armenia-South Africa Trade: In 2022, Armenia exported $1.74M to South Africa. The main products that Armenia exported to South Africa were Ferroalloys ($702k), Rubber Tires ($490k), and Excavation Machinery ($338k). Over the past 5 years the exports of Armenia to South Africa have increased at an annualized rate of 46.5%, from $259k in 2017 to $1.74M in 2022.

In 2022, Armenia did not export any services to South Africa.

South Africa-Armenia Trade: In 2022, South Africa exported $8.23M to Armenia. The main products that South Africa exported to Armenia were Diamonds ($2.25M), Vaccines, blood, antisera, toxins and cultures ($1.53M), and Raw Tobacco ($910k). Over the past 5 years the exports of South Africa to Armenia have increased at an annualized rate of 3.09%, from $7.07M in 2017 to $8.23M in 2022.

In 2022, South Africa 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, South Africa ranked 59 in the Economic Complexity Index (ECI 0.076), and 34 in total exports ($147B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Armenia exported $1.74M to South Africa. The main products exported from Armenia to South Africa were Ferroalloys ($702k), Rubber Tires ($490k), and Excavation Machinery ($338k). During the last 5 years the exports of Armenia to South Africa have increased at an annualized rate of 46.5%, from $259k in 2017 to $1.74M in 2022.

In 2017, South Africa exported $8.23M to Armenia. The main products exported from South Africa to Armenia were Diamonds ($2.25M), Vaccines, blood, antisera, toxins and cultures ($1.53M), and Raw Tobacco ($910k). During the last 5 years the exports of South Africa to Armenia have increased at an annualized rate of 3.09%, from $7.07M in 2022 to $8.23M in 2017.

Exports from Armenia () to South Africa () (2022)

Exports from South Africa () to Armenia () (2022)

Latest Data

Trade between Armenia () and South Africa ()

Armenia Exports

Date

South Africa Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Armenia
Top DestinationRussia$2.36B

South Africa
Top DestinationChina$23.4B

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

In 2022, countries that imported more from Armenia than South Africa included Russia ($2.36B), Georgia ($260M), and Iraq ($250M).

In 2022, countries that imported more from South Africa than Armenia included China ($23.4B), United States ($10.9B), and Germany ($9.96B).

Difference in imports from South Africa () and Armenia () (2022)

Comparative Advantage Armenia - South Africa

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Armenia had a large net trade with South Africa in the exports of Metals ($702k), Plastics and Rubbers ($491k), and Machines ($343k).

During 2017, South Africa had a large net trade with Armenia in the exports of Precious Metals ($2.25M), Chemical Products ($2.02M), and Vegetable Products ($1.37M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Armenia South Africa+$708kFerroalloys

Top Product Potential South Africa Armenia+$2.77MDiamonds

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

About

Historical Data

Bilateral Trade by Products

Exports from Armenia () to South Africa () (2022)

Exports from South Africa () to Armenia () (2022)

Latest Data

Trade between Armenia () and South Africa ()

Armenia Exports

South Africa Exports

Market Competitiveness

Difference in imports from South Africa () and Armenia () (2022)

Comparative Advantage Armenia - South Africa

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Armenia () and South Africa () (2022)

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