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Pricing

2022
Flag → Flag
Exports $27.5MRnk 124 / 215
2022
Flag → Flag
Top Product $8.71MPlanes, Helicopters, and/or Spacecraft
2022
Flag → Flag
Exports $8.84MRnk 33 / 129
2022
Flag → Flag
Top Product $3.38MNon-Knit Women's Coats
2022
Flag
Economic Complexity (ECI) ECI 0.92Rnk 31 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.00081Rnk 66 / 133
2022
Flag  
GDP$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP GROWTH17%CURRENT US$
Rnk 129 / 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 $54,966CURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP PC GROWTH4.36%CURRENT US$
Rnk 130 / 186
2022
Flag
GDP PC$7,014CURRENT US$
Rnk 91 / 186
2012-2022
Flag
GDP PC GROWTH92.5%CURRENT US$
Rnk 10 / 186

About

Canada-Armenia Trade: In 2022, Canada exported $27.5M to Armenia. The main products that Canada exported to Armenia were Planes, Helicopters, and/or Spacecraft ($8.71M), Cars ($5.06M), and Sausages ($5.04M). Over the past 5 years the exports of Canada to Armenia have increased at an annualized rate of 9.07%, from $17.8M in 2017 to $27.5M in 2022.

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

Armenia-Canada In N/A, Armenia did not export any products to Canada.

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

Comparison: In 2022,  Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B). That same year, Armenia ranked 66 in the Economic Complexity Index (ECI 0.00081), and 122 in total exports ($5.78B).

Latest Trends

June, 2024

About

Overview In June 2024, Canada exported C$644k and imported C$626k from Armenia, resulting in a positive trade balance of C$17.3k. Between June 2023 and June 2024 the exports of Canada have increased by C$270k (72.4%) from C$373k to C$644k, while imports increased by C$118k (23.3%) from C$508k to C$626k.

Trade In June 2024, the top exports of Canada to Armenia were Narrow Woven Fabric (C$76.7k), Surveying Equipment (C$72.2k), Laboratory Reagents (C$36.2k), Cars (C$31.7k), and Broadcasting Equipment (C$17.2k). In June 2024 the top imports of Canada from Armenia were Diamonds (C$281k), Non-Knit Men's Coats (C$247k), Non-Knit Women's Coats (C$226k), Computers (C$65.6k), and Other Precious Metal Products (C$61.8k).

Origins In June 2024 the exports of Canada were mainly from Ontario (C$516k), British Columbia (C$74k), and Quebec (C$53.9k), while imports destinations were mainly Ontario (C$570k), Quebec (C$49.3k), British Columbia (C$5.33k), Saskatchewan (C$1.56k), and Alberta (C$554).

Growth In June 2024, the increase in Canada's year-by-year exports to Armenia was explained primarily by an increase in product exports in Optical Fibers and optical fibre bundles (C$1.59k or 64.9%). In June 2024, the increase in Canada's year-by-year imports  from Armenia was explained primarily by an increase in product imports  in Diamonds (C$188k or 202%), Non-Knit Men's Coats (C$163k or 196%), and Non-Knit Babies' Garments (C$6.33k or 92.4%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (June 2023 - June 2024)C$270k(72.4%)
IMPORT GROWTH (June 2023 - June 2024)C$118k(23.3%)
MAIN EXPORTER (June 2024)OntarioC$516k

This section shows exports and imports data at subnational level for Canada. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Canada over time.

To check Armenia and Canada trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Armenia and Canada Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Canada exported $27.5M to Armenia. The main products exported from Canada to Armenia were Planes, Helicopters, and/or Spacecraft ($8.71M), Cars ($5.06M), and Sausages ($5.04M). During the last 5 years the exports of Canada to Armenia have increased at an annualized rate of 9.07%, from $17.8M in 2017 to $27.5M in 2022.

Armenia does not register exports to Canada. The main products exported from Armenia to Canada were Non-Knit Women's Coats ($3.38M), Non-Knit Men's Coats ($1.45M), and Aluminium Foil ($790k).

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

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

Market Competitiveness

Color
Canada
Top DestinationUnited States$438B
Armenia
Top DestinationRussia$2.36B

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

In 2022, countries that imported more from Canada than Armenia included United States ($438B), China ($25.4B), and Japan ($14.3B).

In 2022, countries that imported more from Armenia than Canada included Russia ($2.36B), Georgia ($260M), and Bulgaria ($210M).

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

Comparative Advantage Canada - Armenia

Flow
Scale

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

During 2022, Canada had a large net trade with Armenia in the exports of Transportation ($14M), Foodstuffs ($5.88M), and Animal Products ($1.86M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Canada Armenia+$9.16MCars
Top Product Potential Armenia Canada+$1.37MNon-Knit Women's Coats

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

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

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