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2020
Flag → Flag
Exports $5.39kRnk 23 / 0
2020
Flag → Flag
Exports $10.9kRnk 75 / 0
2022
Flag
Economic Complexity (ECI) ECI -0.5Rnk 86 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.00081Rnk 66 / 133
2022
Flag  
GDP$17.4BCURRENT US$
Rnk 124 / 186
2012-2022
Flag
GDP GROWTH56.2%CURRENT US$
Rnk 48 / 186
2022
Flag
 GDP$19.5BCURRENT US$
Rnk 117 / 186
2012-2022
Flag
GDP GROWTH83.7%CURRENT US$
Rnk 25 / 186
2022
Flag
GDP PC $1,303CURRENT US$
Rnk 161 / 186
2012-2022
Flag
GDP PC GROWTH17.1%CURRENT US$
Rnk 95 / 186
2022
Flag
GDP PC$7,014CURRENT US$
Rnk 91 / 186
2012-2022
Flag
GDP PC GROWTH92.5%CURRENT US$
Rnk 10 / 186

About

Benin-Armenia Trade: In 2020, Benin exported $5.39k to Armenia. The main products that Benin exported to Armenia were N/A. Over the past 8 years the exports of Benin to Armenia have increased at an annualized rate of 7.17%, from $3.1k in 2012 to $5.39k in 2020.

In 2020, Benin did not export any services to Armenia.

Armenia-Benin Trade: In 2020, Armenia exported $10.9k to Benin. The main products that Armenia exported to Benin were N/A. Over the past 8 years the exports of Armenia to Benin have decreased at an annualized rate of 30.8%,  from $69k in 2012 to $10.9k in 2020.

In 2020, Armenia did not export any services to Benin.

Comparison: In 2022,  Benin ranked 86 in the Economic Complexity Index (ECI -0.5), and 149 in total exports ($1.67B). That same year, Armenia ranked 66 in the Economic Complexity Index (ECI 0.00081), and 122 in total exports ($5.78B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2020, Benin exported $5.39k to Armenia. There were not main exports from Benin to Armenia in 2020. During the last 8 years the exports of Benin to Armenia have increased at an annualized rate of 7.17%, from $3.1k in 2012 to $5.39k in 2020.

In 2011, Armenia exported $10.9k to Benin. There were not main exports from Armenia to Benin in 2011. During the last 5 years the exports of Armenia to Benin have decreased at an annualized rate of 30.8%, from $69k in 2016 to $10.9k in 2011.

Exports from Benin (Flag) to Armenia (Flag) (2020)

Exports from Armenia (Flag) to Benin (Flag) (2020)

Latest Data

Trade between Benin (Flag) and Armenia (Flag)

Armenia Exports

Date

Market Competitiveness

Color
Benin
Top DestinationIndia$448M
Armenia
Top DestinationRussia$2.36B

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

In 2022, countries that imported more from Benin than Armenia included Bangladesh ($406M), India ($448M), and Egypt ($41.7M).

In 2022, countries that imported more from Armenia than Benin included Russia ($2.36B), China ($420M), and Georgia ($260M).

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

Comparative Advantage Benin - Armenia

Flow
Scale

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

During 2020, Benin had a large net trade with Armenia in the exports of .

During 2011, Armenia had a large net trade with Benin in the exports of .

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Benin Armenia+$2.58kGold
Top Product Potential Armenia Benin+$2.23kCars

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

Product Space of Benin (Flag) and Armenia (Flag) (2020)

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