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2023
Flag → Flag
Exports $23.3MRnk 56 / 192
2023
Flag → Flag
Top Product $7.76MOffice Machine Parts
2023
Flag → Flag
Exports $1.24MRnk 63 / 133
2023
Flag → Flag
Top Product $451kHard Liquor
2023
Flag
Economic Complexity (ECI) ECI 0.094Rnk 57 / 132
2023
Flag  
GDP$41.3BCURRENT US$
Rnk 101 / 195
2013-2023
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GDP GROWTH62.2%CURRENT US$
Rnk 49 / 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
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GDP PC $30,133CURRENT US$
Rnk 47 / 195
2013-2023
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GDP PC GROWTH56%CURRENT US$
Rnk 35 / 195
2023
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GDP PC$8,053CURRENT US$
Rnk 96 / 196
2013-2023
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GDP PC GROWTH119%CURRENT US$
Rnk 4 / 195

About

Estonia-Armenia Trade: In 2023, Estonia exported $23.3M to Armenia. The main products that Estonia exported to Armenia were Office Machine Parts ($7.76M), Cars ($2M), and Balances ($1.18M). Over the past 5 years the exports of Estonia to Armenia have increased at an annualized rate of 5.33%, from $18M in 2018 to $23.3M in 2023.

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

Armenia-Estonia Trade: In 2023, Armenia exported $1.24M to Estonia. The main products that Armenia exported to Estonia were Hard Liquor ($451k), Other Fermented Beverages ($217k), and Cars ($77.4k). Over the past 5 years the exports of Armenia to Estonia have increased at an annualized rate of 14.2%,  from $640k in 2018 to $1.24M in 2023.

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

Comparison In 2023,  Estonia ranked 79 in total exports ($20B), and does not have data regarding Economic Complexity Index. That same year, Armenia ranked 57 in the Economic Complexity Index (ECI 0.094), and 107 in total exports ($9.02B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Estonia exported $23.3M to Armenia. The main products exported from Estonia to Armenia were Office Machine Parts ($7.76M), Cars ($2M), and Balances ($1.18M). During the last 5 years the exports of Estonia to Armenia have increased at an annualized rate of 5.33%, from $18M in 2018 to $23.3M in 2023.

In 2018, Armenia exported $1.24M to Estonia. The main products exported from Armenia to Estonia were Hard Liquor ($451k), Other Fermented Beverages ($217k), and Cars ($77.4k). During the last 5 years the exports of Armenia to Estonia have increased at an annualized rate of 14.2%, from $640k in 2023 to $1.24M in 2018.

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

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

Latest Data

Trade between Estonia (Flag) and Armenia (Flag)

Estonia Exports

Armenia Exports

Market Competitiveness

Color
Estonia
Top DestinationFinland$2.71B
Armenia
Top DestinationRussia$3.38B

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

In 2023, countries that imported more from Estonia than Armenia included Finland ($2.71B), Latvia ($1.91B), and Lithuania ($1.74B).

In 2023, countries that imported more from Armenia than Estonia included Russia ($3.38B), United Arab Emirates ($2.25B), and Hong Kong ($669M).

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

Comparative Advantage Estonia - Armenia

Flow
Scale

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

During 2023, Estonia had a large net trade with Armenia in the exports of Machines ($11.5M), Transportation ($3.82M), and Chemical Products ($2.82M).

During 2018, Armenia had a large net trade with Estonia in the exports of Foodstuffs ($847k), Machines ($222k), and Transportation ($77.4k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Estonia and Armenia. This means that a dot/product with the flag of Estonia indicates it has a comparative advantage over Armenia. Similarly, a dot/product with the flag of Armenia indicates it has a comparative advantage over Estonia.

Product Space of Estonia (Flag) and Armenia (Flag) (2023)

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