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2023
Flag → Flag
Exports $1.62BRnk 114 / 208
2023
Flag → Flag
Top Product $148MBroadcasting Equipment
2023
Flag → Flag
Exports $425MRnk 4 / 133
2023
Flag → Flag
Top Product $344MCopper Ore
2023
Flag
Economic Complexity (ECI) ECI 1.16Rnk 21 / 132
2023
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Economic Complexity (ECI) ECI 0.094Rnk 57 / 132
2023
Flag  
GDP$17.8TCURRENT US$
Rnk 2 / 195
2013-2023
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GDP GROWTH85.9%CURRENT US$
Rnk 22 / 195
2023
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 GDP$24.1BCURRENT US$
Rnk 114 / 195
2013-2023
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GDP GROWTH117%CURRENT US$
Rnk 9 / 195
2023
Flag
GDP PC $12,614CURRENT US$
Rnk 80 / 195
2013-2023
Flag
GDP PC GROWTH79.7%CURRENT US$
Rnk 17 / 195
2023
Flag
GDP PC$8,053CURRENT US$
Rnk 96 / 196
2013-2023
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GDP PC GROWTH119%CURRENT US$
Rnk 4 / 195

About

China-Armenia Trade: In 2023, China exported $1.62B to Armenia. The main products that China exported to Armenia were Broadcasting Equipment ($148M), Computers ($99.2M), and Cars ($58.6M). Over the past 5 years the exports of China to Armenia have increased at an annualized rate of 19.8%, from $659M in 2018 to $1.62B in 2023.

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

Armenia-China Trade: In 2023, Armenia exported $425M to China. The main products that Armenia exported to China were Copper Ore ($344M), Molybdenum Ore ($59.3M), and Gold ($5.84M). Over the past 5 years the exports of Armenia to China have increased at an annualized rate of 9.08%,  from $126M in 2018 to $425M in 2023.

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

Comparison: In 2023,  China ranked 21 in the Economic Complexity Index (ECI 1.16), and 1 in total exports ($3.42T). That same year, Armenia ranked 57 in the Economic Complexity Index (ECI 0.094), and 107 in total exports ($9.02B).

Latest Trends

December, 2024

About

Overview In December 2024, China exported $102M and imported $93.4M from Armenia, resulting in a positive trade balance of $9.07M. Between December 2023 and December 2024 the exports of China have increased by $56.9M (125%) from $45.5M to $102M, while imports increased by $20.1M (27.5%) from $73.3M to $93.4M.

Trade In December 2024, the top exports of China to Armenia were Telephones ($5.29M), Stone Processing Machines ($4.1M), Cars ($2.7M), Air Conditioners ($2.3M), and Delivery Trucks ($2.24M). In December 2024 the top imports of China from Armenia were Copper Ore ($32.8M), Non-Knit Men's Coats ($4.19M), Non-Knit Women's Coats ($2.45M), Molybdenum Ore ($1.69M), and Refined Copper ($565k).

Origins In December 2024 the exports of China were mainly from Guangdong Province ($34.2M), Zhejiang Province ($24.2M), Jiangsu Province ($7.63M), Shandong Province ($6.37M), and Henan Province ($3.78M), while imports destinations were mainly Shandong Province ($21.4M), Zhejiang Province ($19.4M), Hunan Province ($12.6M), Fujian Province ($8.88M), and Shanghai Province ($7.8M).

Growth In December 2024, the increase in China's year-by-year exports to Armenia was explained primarily by an increase in product exports in Stone Processing Machines ($3.94M or 2.52k%), Air Conditioners ($2M or 671%), and Telephones ($1.58M or 42.7%). In December 2024, the increase in China's year-by-year imports  from Armenia was explained primarily by an increase in product imports  in Non-Knit Men's Coats ($3.56M or 571%), Non-Knit Women's Coats ($524k or 27.2%), and Precious Stones ($105k or 309%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)$56.9M(125%)
IMPORT GROWTH (December 2023 - December 2024)$20.1M(27.5%)
MAIN EXPORTER (December 2024)Guangdong Province$34.2M

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 2023, China exported $1.62B to Armenia. The main products exported from China to Armenia were Broadcasting Equipment ($148M), Computers ($99.2M), and Cars ($58.6M). During the last 5 years the exports of China to Armenia have increased at an annualized rate of 19.8%, from $659M in 2018 to $1.62B in 2023.

In 2018, Armenia exported $425M to China. The main products exported from Armenia to China were Copper Ore ($344M), Molybdenum Ore ($59.3M), and Gold ($5.84M). During the last 5 years the exports of Armenia to China have increased at an annualized rate of 9.08%, from $126M in 2023 to $425M in 2018.

Exports from China (Flag) to Armenia (Flag) (2023)

Exports from Armenia (Flag) to China (Flag) (2023)

Market Competitiveness

Color
China
Top DestinationUnited States$436B
Armenia
Top DestinationRussia$3.38B

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.

In 2023, countries that imported more from China than Armenia included United States ($436B), Hong Kong ($259B), and Japan ($169B).

In 2023, no countries were registered that imported more from Armenia than from China.

Difference in imports from Armenia (Flag) and China (Flag) (2023)

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 2023, China had a large net trade with Armenia in the exports of Machines ($798M), Transportation ($196M), and Textiles ($132M).

During 2018, Armenia had a large net trade with China in the exports of Mineral Products ($404M), Precious Metals ($7.15M), and Instruments ($6.7M).

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) (2023)

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