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Pricing

2022
Flag → Flag
Exports $379MRnk 125 / 211
2022
Flag → Flag
Top Product $182MBroadcasting Equipment
2022
Flag → Flag
Exports $131MRnk 3 / 129
2022
Flag → Flag
Top Product $277MCopper Ore
2022
Flag
Economic Complexity (ECI) ECI 1.12Rnk 22 / 133
2022
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Economic Complexity (ECI) ECI 0.00081Rnk 66 / 133
2022
Flag  
GDP$18TCURRENT US$
Rnk 2 / 186
2012-2022
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GDP GROWTH111%CURRENT US$
Rnk 11 / 186
2022
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 GDP$19.5BCURRENT US$
Rnk 117 / 186
2012-2022
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GDP GROWTH83.7%CURRENT US$
Rnk 25 / 186
2022
Flag
GDP PC $12,720CURRENT US$
Rnk 67 / 186
2012-2022
Flag
GDP PC GROWTH102%CURRENT US$
Rnk 8 / 186
2022
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GDP PC$7,014CURRENT US$
Rnk 91 / 186
2012-2022
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GDP PC GROWTH92.5%CURRENT US$
Rnk 10 / 186

About

China-Armenia Trade: In 2022, China exported $379M to Armenia. The main products that China exported to Armenia were Broadcasting Equipment ($182M), Computers ($68.6M), and Semiconductor Devices ($41.4M). Over the past 5 years the exports of China to Armenia have increased at an annualized rate of 242%, from $812k in 2017 to $379M in 2022.

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

Armenia-China Trade: In 2022, Armenia exported $131M to China. The main products that Armenia exported to China were Copper Ore ($277M), Molybdenum Ore ($80.9M), and Non-Knit Women's Coats ($26M). Over the past 5 years the exports of Armenia to China have increased at an annualized rate of 365%,  from $60.2k in 2017 to $131M in 2022.

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

Comparison: In 2022,  China ranked 22 in the Economic Complexity Index (ECI 1.12), and 1 in total exports ($3.73T). That same year, Armenia ranked 66 in the Economic Complexity Index (ECI 0.00081), and 122 in total exports ($5.78B).

Latest Trends

May, 2024

About

Overview In May 2024, China exported $72.2M and imported $58.8M from Armenia, resulting in a positive trade balance of $13.5M. Between May 2023 and May 2024 the exports of China have increased by $19.9M (38.1%) from $52.3M to $72.2M, while imports decreased by $-4.02M (-6.4%) from $62.8M to $58.8M.

Trade In May 2024, the top exports of China to Armenia were Telephones ($3.71M), Rubber Tires ($1.97M), Casting Machines ($1.96M), Delivery Trucks ($1.46M), and Cars ($1.42M). In May 2024 the top imports of China from Armenia were Copper Ore ($56.3M), Non-Knit Women's Coats ($1.92M), Molybdenum Ore ($1.61M), Non-Knit Men's Coats ($624k), and Hard Liquor ($390k).

Origins In May 2024 the exports of China were mainly from Zhejiang Province ($19.3M), Guangdong Province ($14.3M), Jiangsu Province ($8.1M), Shandong Province ($6.64M), and Beijing ($6.07M), while imports destinations were mainly Henan Province ($24.3M), Guangdong Province ($6.64M), Zhejiang Province ($6.1M), Shandong Province ($5.93M), and Guangxi Zhuang Autonomous Region ($5.66M).

Growth In May 2024, the increase in China's year-by-year exports to Armenia was explained primarily by an increase in product exports in Telephones ($3.57M or 2.54k%), Casting Machines ($1.93M or 6.26k%), and Cars ($1.39M or 5.61k%). In May 2024, the decrease in China's year-by-year imports  from Armenia was explained primarily by an decrease in product imports  in Molybdenum Ore ($-9.09M or -84.9%), Copper Ore ($-7.23M or -11.4%), and Non-Knit Men's Coats ($-1.07M or -63.1%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (May 2023 - May 2024)$19.9M(38.1%)
IMPORT GROWTH (May 2023 - May 2024)$-4.02M(-6.4%)
MAIN EXPORTER (May 2024)Zhejiang Province$19.3M

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

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

For full datasets download visit Bulk Download page.

Explore Armenia and China Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, China exported $379M to Armenia. The main products exported from China to Armenia were Broadcasting Equipment ($182M), Computers ($68.6M), and Semiconductor Devices ($41.4M). During the last 5 years the exports of China to Armenia have increased at an annualized rate of 242%, from $812k in 2017 to $379M in 2022.

In 2017, Armenia exported $131M to China. The main products exported from Armenia to China were Copper Ore ($277M), Molybdenum Ore ($80.9M), and Non-Knit Women's Coats ($26M). During the last 22 years the exports of Armenia to China have increased at an annualized rate of 365%, from $60.2k in 1995 to $131M in 2017.

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

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

Market Competitiveness

Color
China
Top DestinationN/AN/A
Armenia
Top DestinationN/AN/A

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

N/A

N/A

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

Comparative Advantage China - Armenia

Flow
Scale

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

During 2022, China had a large net trade with Armenia in the exports of Machines ($603M), Transportation ($83.7M), and Textiles ($76.6M).

During 2017, Armenia had a large net trade with China in the exports of Mineral Products ($358M), Textiles ($41.6M), and Metals ($9.61M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential China Armenia+$75.1MTelephones
Top Product Potential Armenia China+$101MCopper Ore

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

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

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