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2022
Flag → Flag
Exports $488MRnk 87 / 223
2022
Flag → Flag
Top Product $92.3MCars
2022
Flag → Flag
Exports $136MRnk 10 / 129
2022
Flag → Flag
Top Product $59MAluminium Foil
2022
Flag
Economic Complexity (ECI) ECI 1.78Rnk 5 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.00081Rnk 66 / 133
2022
Flag  
GDP$4.07TCURRENT US$
Rnk 4 / 186
2012-2022
Flag
GDP GROWTH15.5%CURRENT US$
Rnk 136 / 186
2022
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 GDP$19.5BCURRENT US$
Rnk 117 / 186
2012-2022
Flag
GDP GROWTH83.7%CURRENT US$
Rnk 25 / 186
2022
Flag
GDP PC $48,432CURRENT US$
Rnk 21 / 186
2012-2022
Flag
GDP PC GROWTH10.4%CURRENT US$
Rnk 115 / 186
2022
Flag
GDP PC$7,014CURRENT US$
Rnk 91 / 186
2012-2022
Flag
GDP PC GROWTH92.5%CURRENT US$
Rnk 10 / 186

About

Germany-Armenia Trade: In 2022, Germany exported $488M to Armenia. The main products that Germany exported to Armenia were Cars ($92.3M), Washing and Bottling Machines ($18.8M), and Tractors ($16.3M). Over the past 5 years the exports of Germany to Armenia have increased at an annualized rate of 21.3%, from $186M in 2017 to $488M in 2022.

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

Armenia-Germany Trade: 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). Over the past 5 years the exports of Armenia to Germany have increased at an annualized rate of 1.4%,  from $127M in 2017 to $136M in 2022.

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

Comparison: In 2022,  Germany ranked 5 in the Economic Complexity Index (ECI 1.78), and 3 in total exports ($1.6T). That same year, Armenia ranked 66 in the Economic Complexity Index (ECI 0.00081), and 122 in total exports ($5.78B).

Latest Trends

August, 2024

About

Overview In August 2024, Germany exported €38.9M and imported €8.49M from Armenia, resulting in a positive trade balance of €30.4M. Between August 2023 and August 2024 the exports of Germany have increased by €1.83M (4.95%) from €37M to €38.9M, while imports decreased by €-977k (-10.3%) from €9.47M to €8.49M.

Trade In August 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 August 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 August 2024 the exports of Germany were mainly from Bavaria (€5.95M), Baden-Württemberg (€5.08M), Saxony (€2.47M), North Rhine-Westphalia (€2.39M), and Lower Saxony (€1.45M), while imports destinations were mainly North Rhine-Westphalia (€3.13M), Baden-Württemberg (€1.53M), Saarland (€1.28M), and Hesse (€457k).

Growth In August 2024, the increase in Germany's year-by-year exports to Armenia was explained primarily by an increase in product exports in Motor cars and motor caravans (€7.2M or 544%), Machinery for food, beverage, tobacco production (€3.73M or 17.8k%), and Office and automatic data processing machines (€1.47M or 378%). In August 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

Time Scale
Flow
Value
EXPORT GROWTH (August 2023 - August 2024)€1.83M(4.95%)
IMPORT GROWTH (August 2023 - August 2024)€-977k(-10.3%)
MAIN EXPORTER (August 2024)Bavaria€5.95M

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.

For full datasets download visit Bulk Download page.

Explore Armenia and Germany Data

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Historical Data

Bilateral Trade by Products

Depth
Value

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 5 years the exports of Germany to Armenia have increased at an annualized rate of 21.3%, from $186M in 2017 to $488M in 2022.

In 2017, 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 5 years the exports of Armenia to Germany have increased at an annualized rate of 1.4%, from $127M in 2022 to $136M in 2017.

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

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

Market Competitiveness

Color
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 2022, countries that imported more from Germany than Armenia included United States ($153B), France ($120B), and Netherlands ($109B).

In 2022, no countries were registered that imported more from Armenia than from Germany.

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

Comparative Advantage Germany - Armenia

Flow
Scale

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 2017, Armenia had a large net trade with Germany in the exports of Metals ($86M), Textiles ($35.3M), and Transportation ($4.69M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Germany Armenia+$37.9MCars
Top Product Potential Armenia Germany+$6.96MFerroalloys

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

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

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