Germany (DEU) and Armenia (ARM) Trade | The Observatory of Economic Complexity

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Germany-Armenia In 2022, Germany exported $488M to Armenia. The main products that Germany exported to Armenia are Cars ($92.3M), Washing and Bottling Machines ($18.8M), and Tractors ($16.3M). During the last 27 years the exports of Germany to Armenia have increased at an annualized rate of 12.5%, from $20.4M in 1995 to $488M in 2022.

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

Armenia-Germany In 2022, Armenia exported $136M to Germany. The main products that Armenia exported to Germany were Aluminium Foil ($59M), Ferroalloys ($26.8M), and Non-Knit Men's Suits ($26.5M). During the last 27 years the exports of Armenia to Germany have increased at an annualized rate of 9.13%, from $12.9M in 1995 to $136M in 2022.

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

Comparison In 2022, Germany ranked 3 in the Economic Complexity Index (ECI 1.75), and 3 in total exports ($1.6T). That same year, Armenia ranked 74 in the Economic Complexity Index (ECI -0.24), and 122 in total exports ($5.78B).

Latest Trends

January, 2024

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Overview In January 2024, Germany exported €28M and imported €10.5M from Armenia, resulting in a positive trade balance of €17.6M. Between January 2023 and January 2024 the exports of Germany have decreased by €-9.74M (-25.8%) from €37.8M to €28M, while imports decreased by €-3M (-22.3%) from €13.5M to €10.5M.

Trade In January 2024, the top exports of Germany to Armenia were Motor cars and motor caravans (€8.52M), Machinery for food, beverage, tobacco production (€3.76M), Office and automatic data processing machines (€1.86M), Other vehicles (€1.6M), and Lorries and special purpose motor vehicles (€1.56M). In January 2024 the top imports of Germany from Armenia were Semi-finished products of aluminium (€5.64M), Ferro-alloys (€3.6M), Apparel of silk, man-made fibres, excl.... (€2.33M), Apparel of cotton, excl. of knitted... (€575k), and Apparel of flax, hemp and others (€177k).

Origins In January 2024 the exports of Germany were mainly from Bavaria (€3.5M), Baden-Württemberg (€3.39M), North Rhine-Westphalia (€2.84M), Lower Saxony (€2.08M), and Hesse (€732k), while imports destinations were mainly North Rhine-Westphalia (€5.75M), Baden-Württemberg (€1.62M), Rhineland-Pfalz (€1.33M), Lower Saxony (€661k), and Hesse (€401k).

Growth In January 2024, the decrease in Germany's year-by-year exports to Armenia was explained primarily by an decrease in product exports in Other prefabricated chemicals (€-233k or -25.5%), Bran, food waste for animal feed... (€-125k or -32.5%), and Milk and milk products except butter... (€-71k or -38.8%). In January 2024, the decrease in Germany's year-by-year imports from Armenia was explained primarily by an decrease in product imports in Ferro-alloys (€-1.56M or -30.3%), Spirits (€-162k or -64.3%), and Apparel of knitted or crocheted fabrics... (€-23k or -69.7%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)€-9.74M(-25.8%)

IMPORT GROWTH (January 2023 - January 2024)€-3M(-22.3%)

MAIN EXPORTER (January 2024)Bavaria€3.5M

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

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

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Germany exported $488M to Armenia. The main products exported from Germany to Armenia were Cars ($92.3M), Washing and Bottling Machines ($18.8M), and Tractors ($16.3M). During the last 27 years the exports of Germany to Armenia have increased at an annualized rate of 12.5%, from $20.4M in 1995 to $488M in 2022.

In 2022, Armenia exported $136M to Germany. The main products exported from Armenia to Germany were Aluminium Foil ($59M), Ferroalloys ($26.8M), and Non-Knit Men's Suits ($26.5M). During the last 27 years the exports of Armenia to Germany have increased at an annualized rate of 9.13%, from $12.9M in 1995 to $136M in 2022.

Exports from Germany () to Armenia () (2022)

Exports from Armenia () to Germany () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Germany
Top DestinationUnited States$153B

Armenia
Top DestinationRussia$2.36B

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

In 2021, countries that imported more from Germany than Armenia were United States ($153B), France ($120B), and Netherlands ($109B).

In 2019, no countries were registered that imported more from Armenia than from Germany.

Difference in imports from Armenia () and Germany () (2022)

Comparative Advantage Germany - Armenia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Germany had a large net trade with Armenia in the exports of Machines ($140M), Transportation ($138M), and Instruments ($39.7M).

During 2022, Armenia had a large net trade with Germany in the exports of Metals ($86M), Textiles ($35.3M), and Transportation ($4.69M).

Economic Complexity

Competitive Landscape

Year

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 Germany has comparative advantage over Armenia. Similarly, the more yellow a dot/product is, the more Armenia has comparative advantage over Germany.

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Latest Trends

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Historical Data

Bilateral Trade by Products

Exports from Germany () to Armenia () (2022)

Exports from Armenia () to Germany () (2022)

Market Competitiveness

Difference in imports from Armenia () and Germany () (2022)

Comparative Advantage Germany - Armenia

Economic Complexity

Competitive Landscape

Product Space of Germany () and Armenia () (2022)

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