Switzerland (CHE) and Armenia (ARM) Trade | The Observatory of Economic Complexity

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Switzerland-Armenia Trade: In 2023, Switzerland exported $50M to Armenia. The main products that Switzerland exported to Armenia were Packaged Medicaments ($9.09M), Base Metal Watches ($6.07M), and Gold ($3.52M). Over the past 5 years the exports of Switzerland to Armenia have decreased at an annualized rate of 18.1%, from $135M in 2018 to $50M in 2023.

In 2023, Switzerland did not export any services to Armenia.

Armenia-Switzerland Trade: In 2023, Armenia exported $85.4M to Switzerland. The main products that Armenia exported to Switzerland were Precious Metal Ore ($56.6M), Copper Ore ($16.6M), and Gas Turbines ($2.54M). Over the past 5 years the exports of Armenia to Switzerland have decreased at an annualized rate of 30.3%, from $521M in 2018 to $85.4M in 2023.

In 2023, Armenia did not export any services to Switzerland.

Comparison: In 2023, Switzerland ranked 3 in the Economic Complexity Index (ECI 1.96), and 17 in total exports ($398B). That same year, Armenia ranked 57 in the Economic Complexity Index (ECI 0.094), and 107 in total exports ($9.02B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Switzerland exported $50M to Armenia. The main products exported from Switzerland to Armenia were Packaged Medicaments ($9.09M), Base Metal Watches ($6.07M), and Gold ($3.52M). During the last 5 years the exports of Switzerland to Armenia have decreased at an annualized rate of 18.1%, from $135M in 2018 to $50M in 2023.

In 2018, Armenia exported $85.4M to Switzerland. The main products exported from Armenia to Switzerland were Precious Metal Ore ($56.6M), Copper Ore ($16.6M), and Gas Turbines ($2.54M). During the last 5 years the exports of Armenia to Switzerland have decreased at an annualized rate of 30.3%, from $521M in 2023 to $85.4M in 2018.

Exports from Switzerland () to Armenia () (2023)

Exports from Armenia () to Switzerland () (2023)

Latest Data

Trade between Switzerland () and Armenia ()

Switzerland Exports

Date

Armenia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Switzerland
Top DestinationGermany$53.8B

Armenia
Top DestinationRussia$3.38B

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

In 2023, countries that imported more from Switzerland than Armenia included Germany ($53.8B), China ($47.7B), and United States ($45.1B).

In 2023, countries that imported more from Armenia than Switzerland included Russia ($3.38B), Georgia ($340M), and Botswana ($114M).

Difference in imports from Armenia () and Switzerland () (2023)

Comparative Advantage Switzerland - Armenia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Switzerland had a large net trade with Armenia in the exports of Chemical Products ($17.8M), Instruments ($12.1M), and Machines ($7.03M).

During 2018, Armenia had a large net trade with Switzerland in the exports of Mineral Products ($73.1M), Machines ($3.32M), and Textiles ($2.95M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Switzerland Armenia+$6.4MPackaged Medicaments

Top Product Potential Armenia Switzerland+$951kNon-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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Switzerland () to Armenia () (2023)

Exports from Armenia () to Switzerland () (2023)

Latest Data

Trade between Switzerland () and Armenia ()

Switzerland Exports

Armenia Exports

Market Competitiveness

Difference in imports from Armenia () and Switzerland () (2023)

Comparative Advantage Switzerland - Armenia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Switzerland () and Armenia () (2023)

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