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Pricing

2022
Flag → Flag
Exports $69.7MRnk 115 / 224
2022
Flag → Flag
Top Product $18.6MLarge Construction Vehicles
2022
Flag → Flag
Exports $21MRnk 23 / 129
2022
Flag → Flag
Top Product $7.36MAluminium Foil
2022
Flag
Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.00081Rnk 66 / 133
2022
Flag  
GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 139 / 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 $45,850CURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186
2022
Flag
GDP PC$7,014CURRENT US$
Rnk 91 / 186
2012-2022
Flag
GDP PC GROWTH92.5%CURRENT US$
Rnk 10 / 186

About

United Kingdom-Armenia Trade: In 2022, United Kingdom exported $69.7M to Armenia. The main products that United Kingdom exported to Armenia were Large Construction Vehicles ($18.6M), Cars ($13.5M), and Non-fillet Fresh Fish ($1.94M). Over the past 5 years the exports of United Kingdom to Armenia have increased at an annualized rate of 21.3%, from $26.5M in 2017 to $69.7M in 2022.

In 2022, United Kingdom did not export any services to Armenia.

Armenia-United Kingdom Trade: In 2022, Armenia exported $21M to United Kingdom. The main products that Armenia exported to United Kingdom were Aluminium Foil ($7.36M), Non-Knit Men's Coats ($5.33M), and Rolled Tobacco ($2.2M). Over the past 5 years the exports of Armenia to United Kingdom have increased at an annualized rate of 26.5%,  from $5.13M in 2017 to $21M in 2022.

In 2022, Armenia did not export any services to United Kingdom.

Comparison: In 2022,  United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B). 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, United Kingdom exported £2.13M and imported £96.3k from Armenia, resulting in a positive trade balance of £2.03M. Between August 2023 and August 2024 the exports of United Kingdom have decreased by £-980k (-31.5%) from £3.11M to £2.13M, while imports decreased by £-37k (-27.8%) from £133k to £96.3k.

Trade In August 2024, the top exports of United Kingdom to Armenia were Cars (£632k), Large Construction Vehicles (£452k), Telephones (£363k), Motor vehicles; parts and accessories (8701... (£254k), and Computers (£139k). In August 2024 the top imports of United Kingdom from Armenia were Aluminium Foil (£291k), Electric Motors (£65.1k), Motor vehicles; parts and accessories (8701... (£54.4k), Paper Containers (£50.8k), and Brochures (£37.2k).

Origins In August 2024 the exports of United Kingdom were mainly from Dover Eurotunnel (£1.35M), London Heathrow Airport (£269k), Felixstowe (£187k), East Midlands Airport (£135k), and London Stansted Airport (£76k), while imports destinations were mainly London Heathrow Airport (£24.8k), East Midlands Airport (£19.9k), Felixstowe (£15.4k), and Eurotunnel (£7.55k).

Growth In August 2024, the decrease in United Kingdom's year-by-year exports to Armenia was explained primarily by an decrease in product exports in Commodities not elsewhere specified (£-132k or -90.6%), Refined Petroleum (£-65.3k or -62.6%), and Textile Footwear (£-15.4k or -93.6%). In August 2024, the decrease in United Kingdom's year-by-year imports  from Armenia was explained primarily by an decrease in product imports  in Aluminium Foil (£-435k or -59.9%), Telephones (£-10.8k or -72.3%), and Wine (£-1.71k or -34.4%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)£-980k(-31.5%)
IMPORT GROWTH (August 2023 - August 2024)£-37k(-27.8%)
MAIN EXPORTER (August 2024)Dover Eurotunnel£1.35M

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

To check Armenia and United Kingdom trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Armenia and United Kingdom Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, United Kingdom exported $69.7M to Armenia. The main products exported from United Kingdom to Armenia were Large Construction Vehicles ($18.6M), Cars ($13.5M), and Non-fillet Fresh Fish ($1.94M). During the last 5 years the exports of United Kingdom to Armenia have increased at an annualized rate of 21.3%, from $26.5M in 2017 to $69.7M in 2022.

In 2017, Armenia exported $21M to United Kingdom. The main products exported from Armenia to United Kingdom were Aluminium Foil ($7.36M), Non-Knit Men's Coats ($5.33M), and Rolled Tobacco ($2.2M). During the last 5 years the exports of Armenia to United Kingdom have increased at an annualized rate of 26.5%, from $5.13M in 2022 to $21M in 2017.

Exports from United Kingdom (Flag) to Armenia (Flag) (2022)

Exports from Armenia (Flag) to United Kingdom (Flag) (2022)

Market Competitiveness

Color
United Kingdom
Top DestinationUnited States$61.8B
Armenia
Top DestinationRussia$2.36B

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

In 2022, countries that imported more from United Kingdom than Armenia included United States ($61.8B), Netherlands ($41.9B), and Germany ($40.6B).

In 2022, countries that imported more from Armenia than United Kingdom included Russia ($2.36B), Georgia ($260M), and Belarus ($74.6M).

Difference in imports from Armenia (Flag) and United Kingdom (Flag) (2022)

Comparative Advantage United Kingdom - Armenia

Flow
Scale

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

During 2022, United Kingdom had a large net trade with Armenia in the exports of Machines ($31M), Transportation ($15.1M), and Chemical Products ($5.66M).

During 2017, Armenia had a large net trade with United Kingdom in the exports of Metals ($8.02M), Textiles ($7.45M), and Foodstuffs ($3.68M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United Kingdom Armenia+$10.9MCars
Top Product Potential Armenia United Kingdom+$2.21MRolled Tobacco

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

Product Space of United Kingdom (Flag) and Armenia (Flag) (2022)

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