2022
Flag  
GDP
$808BCURRENT US$
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2012-2022
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GDP GROWTH
17.7%CURRENT US$
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2022
Flag
 GDP
$19.5BCURRENT US$
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2012-2022
Flag
GDP GROWTH
83.7%CURRENT US$
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2022
Flag
GDP PC 
$92,101CURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP PC GROWTH
7.3%CURRENT US$
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2022
Flag
GDP PC
$7,014CURRENT US$
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2012-2022
Flag
GDP PC GROWTH
92.5%CURRENT US$
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About

Switzerland-Armenia In 2022, Switzerland exported $64.7M to Armenia. The main products that Switzerland exported to Armenia are Packaged Medicaments ($17M), Gas Turbines ($13.6M), and Base Metal Watches ($5.23M). During the last 27 years the exports of Switzerland to Armenia have increased at an annualized rate of 18.5%, from $664k in 1995 to $64.7M in 2022.

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

Armenia-Switzerland In 2022, Armenia exported $257M to Switzerland. The main products that Armenia exported to Switzerland were Copper Ore ($161M), Precious Metal Ore ($82.3M), and Watch Cases and Parts ($2.59M). During the last 27 years the exports of Armenia to Switzerland have increased at an annualized rate of 34.6%, from $84.4k in 1995 to $257M in 2022.

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

Comparison In 2022,  Switzerland ranked 2 in the Economic Complexity Index (ECI 1.85), and 17 in total exports ($402B). That same year, Armenia ranked 74 in the Economic Complexity Index (ECI -0.24), and 122 in total exports ($5.78B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Switzerland exported $64.7M to Armenia. The main products exported from Switzerland to Armenia were Packaged Medicaments ($17M), Gas Turbines ($13.6M), and Base Metal Watches ($5.23M). During the last 27 years the exports of Switzerland to Armenia have increased at an annualized rate of 18.5%, from $664k in 1995 to $64.7M in 2022.

In 2022, Armenia exported $257M to Switzerland. The main products exported from Armenia to Switzerland were Copper Ore ($161M), Precious Metal Ore ($82.3M), and Watch Cases and Parts ($2.59M). During the last 27 years the exports of Armenia to Switzerland have increased at an annualized rate of 34.6%, from $84.4k in 1995 to $257M in 2022.

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

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

Latest Data

Trade between Switzerland (Flag) and Armenia (Flag)

Switzerland Exports

Armenia Exports

Market Competitiveness

Color
Switzerland
Top Destination
United States$61.7B
Armenia
Top Destination
Russia$2.36B

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 2021, countries that imported more from Switzerland than Armenia were United States ($61.7B), Germany ($53.5B), and China ($44.1B).

In 2021, countries that imported more from Armenia than Switzerland were Georgia ($260M), Iraq ($250M), and Turkmenistan ($15.5M).

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

Comparative Advantage Switzerland - Armenia

Flow
Scale

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

During 2022, Switzerland had a large net trade with Armenia in the exports of Chemical Products ($24.9M), Machines ($17.6M), and Instruments ($12.7M).

During 2022, Armenia had a large net trade with Switzerland in the exports of Mineral Products ($244M), Metals ($5.41M), and Instruments ($4.27M).

Economic Complexity

Competitive Landscape

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

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

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