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2022
Flag → Flag
Exports $28.7MRnk 61 / 188
2022
Flag → Flag
Top Product $2.56MElectric Heaters
2022
Flag → Flag
Exports $1.92MRnk 48 / 129
2022
Flag → Flag
Top Product $470kHard Liquor
2022
Flag
Economic Complexity (ECI) ECI 0.00081Rnk 66 / 133
2022
Flag  
GDP$38.1BCURRENT US$
Rnk 99 / 186
2012-2022
Flag
GDP GROWTH65.5%CURRENT US$
Rnk 34 / 186
2022
Flag
 GDP$19.5BCURRENT US$
Rnk 117 / 186
2012-2022
Flag
GDP GROWTH83.7%CURRENT US$
Rnk 25 / 186
2022
Flag
GDP PC $28,333CURRENT US$
Rnk 41 / 186
2012-2022
Flag
GDP PC GROWTH62.8%CURRENT US$
Rnk 23 / 186
2022
Flag
GDP PC$7,014CURRENT US$
Rnk 91 / 186
2012-2022
Flag
GDP PC GROWTH92.5%CURRENT US$
Rnk 10 / 186

About

Estonia-Armenia Trade: In 2022, Estonia exported $28.7M to Armenia. The main products that Estonia exported to Armenia were Electric Heaters ($2.56M), Steel Wire ($2.43M), and Cars ($2.22M). Over the past 5 years the exports of Estonia to Armenia have increased at an annualized rate of 23.7%, from $9.91M in 2017 to $28.7M in 2022.

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

Armenia-Estonia Trade: In 2022, Armenia exported $1.92M to Estonia. The main products that Armenia exported to Estonia were Hard Liquor ($470k), Other Fermented Beverages ($433k), and Knit Women's Suits ($369k). Over the past 5 years the exports of Armenia to Estonia have increased at an annualized rate of 23.2%,  from $678k in 2017 to $1.92M in 2022.

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

Comparison In 2022,  Estonia ranked 74 in total exports ($23.1B), and does not have data regarding Economic Complexity Index. That same year, Armenia ranked 66 in the Economic Complexity Index (ECI 0.00081), and 122 in total exports ($5.78B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Estonia exported $28.7M to Armenia. The main products exported from Estonia to Armenia were Electric Heaters ($2.56M), Steel Wire ($2.43M), and Cars ($2.22M). During the last 5 years the exports of Estonia to Armenia have increased at an annualized rate of 23.7%, from $9.91M in 2017 to $28.7M in 2022.

In 2017, Armenia exported $1.92M to Estonia. The main products exported from Armenia to Estonia were Hard Liquor ($470k), Other Fermented Beverages ($433k), and Knit Women's Suits ($369k). During the last 5 years the exports of Armenia to Estonia have increased at an annualized rate of 23.2%, from $678k in 2022 to $1.92M in 2017.

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

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

Latest Data

Trade between Estonia (Flag) and Armenia (Flag)

Estonia Exports

Armenia Exports

Market Competitiveness

Color
Estonia
Top DestinationFinland$3B
Armenia
Top DestinationRussia$2.36B

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 2022, countries that imported more from Estonia than Armenia included Finland ($3B), Latvia ($2.77B), and Sweden ($1.9B).

In 2022, countries that imported more from Armenia than Estonia included Russia ($2.36B), United Arab Emirates ($535M), and Iraq ($250M).

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

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 2022, Estonia had a large net trade with Armenia in the exports of Machines ($15.7M), Transportation ($3.63M), and Metals ($3.1M).

During 2017, Armenia had a large net trade with Estonia in the exports of Foodstuffs ($1.14M), Textiles ($570k), and Machines ($152k).

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) (2022)

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