NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $82.8MRnk 115 / 223
2023
Flag → Flag
Top Product $19.6MLarge Construction Vehicles
2023
Flag → Flag
Exports $25.4MRnk 25 / 133
2023
Flag → Flag
Top Product $6.52MFerroalloys
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 11 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.094Rnk 57 / 132
2023
Flag  
GDP$3.38TCURRENT US$
Rnk 6 / 195
2013-2023
Flag
GDP GROWTH21.4%CURRENT US$
Rnk 136 / 195
2023
Flag
 GDP$24.1BCURRENT US$
Rnk 114 / 195
2013-2023
Flag
GDP GROWTH117%CURRENT US$
Rnk 9 / 195
2023
Flag
GDP PC $49,464CURRENT US$
Rnk 26 / 195
2013-2023
Flag
GDP PC GROWTH13.9%CURRENT US$
Rnk 124 / 195
2023
Flag
GDP PC$8,053CURRENT US$
Rnk 96 / 196
2013-2023
Flag
GDP PC GROWTH119%CURRENT US$
Rnk 4 / 195

About

United Kingdom-Armenia Trade: In 2023, United Kingdom exported $82.8M to Armenia. The main products that United Kingdom exported to Armenia were Large Construction Vehicles ($19.6M), Cars ($18.8M), and Packaged Medicaments ($3.28M). Over the past 5 years the exports of United Kingdom to Armenia have increased at an annualized rate of 15.7%, from $39.9M in 2018 to $82.8M in 2023.

In 2023, United Kingdom did not export any services to Armenia.

Armenia-United Kingdom Trade: In 2023, Armenia exported $25.4M to United Kingdom. The main products that Armenia exported to United Kingdom were Ferroalloys ($6.52M), Non-Knit Men's Coats ($5.53M), and Non-Knit Women's Coats ($5.39M). Over the past 5 years the exports of Armenia to United Kingdom have increased at an annualized rate of 25.7%,  from $8.1M in 2018 to $25.4M in 2023.

In 2023, Armenia did not export any services to United Kingdom.

Comparison: In 2023,  United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.5), and 14 in total exports ($429B). That same year, Armenia ranked 57 in the Economic Complexity Index (ECI 0.094), and 107 in total exports ($9.02B).

Latest Trends

November, 2024

About

Overview In November 2024, United Kingdom exported £2.95M and imported £274k from Armenia, resulting in a positive trade balance of £2.67M. Between November 2023 and November 2024 the exports of United Kingdom have decreased by £-1.55M (-34.5%) from £4.49M to £2.95M, while imports increased by £80k (41.2%) from £194k to £274k.

Trade In November 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 November 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 November 2024 the exports of United Kingdom were mainly from Dover Eurotunnel (£1.06M), Felixstowe (£615k), London Heathrow Airport (£607k), Immingham (£249k), and London Stansted Airport (£171k), while imports destinations were mainly East Midlands Airport (£91.4k), London Heathrow Airport (£85.3k), London Stansted Airport (£21.4k), and Thamesport (£18.6k).

Growth In November 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 November 2024, the increase in United Kingdom's year-by-year imports  from Armenia was explained primarily by an increase in product imports  in Base Metal Watches (£9.69k or 106%) and Commodities not elsewhere specified (£8.17k or 49.7%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)£-1.55M(-34.5%)
IMPORT GROWTH (November 2023 - November 2024)£80k(41.2%)
MAIN EXPORTER (November 2024)Dover Eurotunnel£1.06M

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

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, United Kingdom exported $82.8M to Armenia. The main products exported from United Kingdom to Armenia were Large Construction Vehicles ($19.6M), Cars ($18.8M), and Packaged Medicaments ($3.28M). During the last 5 years the exports of United Kingdom to Armenia have increased at an annualized rate of 15.7%, from $39.9M in 2018 to $82.8M in 2023.

In 2018, Armenia exported $25.4M to United Kingdom. The main products exported from Armenia to United Kingdom were Ferroalloys ($6.52M), Non-Knit Men's Coats ($5.53M), and Non-Knit Women's Coats ($5.39M). During the last 5 years the exports of Armenia to United Kingdom have increased at an annualized rate of 25.7%, from $8.1M in 2023 to $25.4M in 2018.

Exports from United Kingdom (Flag) to Armenia (Flag) (2023)

Exports from Armenia (Flag) to United Kingdom (Flag) (2023)

Market Competitiveness

Color
United Kingdom
Top DestinationUnited States$59.7B
Armenia
Top DestinationRussia$3.38B

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 2023, countries that imported more from United Kingdom than Armenia included United States ($59.7B), China ($35.3B), and Germany ($34.6B).

In 2023, countries that imported more from Armenia than United Kingdom included Russia ($3.38B), Georgia ($340M), and Botswana ($114M).

Difference in imports from Armenia (Flag) and United Kingdom (Flag) (2023)

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 2023, United Kingdom had a large net trade with Armenia in the exports of Machines ($30.1M), Transportation ($20.7M), and Chemical Products ($9.59M).

During 2018, Armenia had a large net trade with United Kingdom in the exports of Textiles ($11.9M), Metals ($10.3M), and Precious Metals ($794k).

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

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) (2023)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms