Flag Belgium-Luxembourg / Armenia Flag

1998
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Exports
: $48.3M, Rnk 90 / 203

1998
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Top Product
: $44M, Diamonds

1998
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Exports
: $60.6M, Rnk 1 / 52

1998
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Top Product
: $50M, Diamonds

2019
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Economic Complexity (ECI)
: ECI -0.28, Rnk 90 / 157

2019
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 GDP
: $13.7B, CURRENT US$
Rnk 129 / 187

2009-2019
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GDP GROWTH
: 58.1%, CURRENT US$
Rnk 81 / 187

2019
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GDP PC 
: $4,623, CURRENT US$
Rnk 109 / 187

2009-2019
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GDP PC GROWTH
: 54.4%, CURRENT US$
Rnk 52 / 187

Belgium-Luxembourg-Armenia: In 1998, Belgium-Luxembourg exported $48.3M to Armenia. The main products that Belgium-Luxembourg exported to Armenia are Diamonds ($44M), Cars ($373k), and Soybean Oil ($308k). During the last 3 years the exports of Belgium-Luxembourg to Armenia have increased at an annualized rate of 48.9%, from $14.6M in 1995 to $48.3M in 1998.

In 1998, Belgium-Luxembourg did not exported services to Armenia.

Armenia-Belgium-Luxembourg: In 1998, Armenia exported $60.6M to Belgium-Luxembourg . The main products that Armenia exported to Belgium-Luxembourg were Diamonds ($50M), Molybdenum Ore ($8.33M), and Scrap Copper ($1.21M). During the last 3 years the exports of Armenia to Belgium-Luxembourg have increased at an annualized rate of 33.2%, from $25.7M in 1995 to $60.6M in 1998.

In 1998, Armenia did not exported services to Belgium-Luxembourg.

Comparison: In 2019,  Belgium-Luxembourg ranked N/A in total exports (N/A), and does not have data regarding Economic Complexity Index. That same year, Armenia ranked 90 in the Economic Complexity Index (ECI -0.28), and N/A in total exports (N/A).

Bilateral Trade by Products

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Depth
Value

In 1998, Belgium-Luxembourg exported $48.3M to Armenia. The main products exported from Belgium-Luxembourg to Armenia were Diamonds ($44M), Cars ($373k), and Soybean Oil ($308k). During the last 3 years the exports of Belgium-Luxembourg to Armenia have increased at an annualized rate of 48.9%, from $14.6M in 1995 to $48.3M in 1998.

In 1998, Armenia exported $60.6M to Belgium-Luxembourg. The main products exported from Armenia to Belgium-Luxembourg were Diamonds ($50M), Molybdenum Ore ($8.33M), and Scrap Copper ($1.21M). During the last 3 years the exports of Armenia to Belgium-Luxembourg have increased at an annualized rate of 33.2%, from $25.7M in 1995 to $60.6M in 1998.

Market Competitiveness

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Measure

Belgium-Luxembourg
Top Destination
: Germany, $31.9B

Armenia
Top Destination
: Russia, $734M

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

In 2019, countries that imported more from Belgium-Luxembourg than Armenia were Germany ($31.9B), France ($29.5B), and Netherlands ($20.9B).

In 2019, countries that imported more from Armenia than Belgium-Luxembourg were Serbia ($165M), Iraq ($177M), and Bulgaria ($208M).

Comparative Advantage Belgium-Luxembourg - Armenia

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Depth

This chart compares trade between Belgium-Luxembourg and Armenia by product, considering products traded by both, Belgium-Luxembourg and Armenia.

During 1998, Belgium-Luxembourg had a large net trade with Armenia in the exports of Precious Metals ($44M), Foodstuffs ($756k), and Chemical Products ($506k).

During 1998, Armenia had a large net trade with Belgium-Luxembourg in the exports of Precious Metals ($50M), Mineral Products ($8.33M), and Metals ($2.13M).

Economic Complexity

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Competitive Landscape

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