Gambia (GMB) and Armenia (ARM) Trade | The Observatory of Economic Complexity

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Gambia-Armenia Trade: In 2022, Gambia exported $53 to Armenia. The main products that Gambia exported to Armenia were N/A. Over the past 9 years the exports of Gambia to Armenia have decreased at an annualized rate of 42.8%, from $8.09k in 2013 to $53 in 2022.

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

Armenia-Gambia Trade: In 2022, Armenia exported $8.06k to Gambia. The main products that Armenia exported to Gambia were N/A. Over the past 9 years the exports of Armenia to Gambia have decreased at an annualized rate of 11%, from $14.4k in 2013 to $8.06k in 2022.

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

Comparison In 2023, Gambia ranked 138 in total exports ($3.16B), 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Gambia exported $53 to Armenia. There were not main exports from Gambia to Armenia in 2022. During the last 9 years the exports of Gambia to Armenia have decreased at an annualized rate of 42.8%, from $8.09k in 2013 to $53 in 2022.

In 2017, Armenia exported $8.06k to Gambia. There were not main exports from Armenia to Gambia in 2017. During the last 5 years the exports of Armenia to Gambia have decreased at an annualized rate of 11%, from $14.4k in 2022 to $8.06k in 2017.

Exports from Gambia () to Armenia () (2022)

Exports from Armenia () to Gambia () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Gambia
Top DestinationKazakhstan$2.91B

Armenia
Top DestinationRussia$3.38B

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

In 2023, countries that imported more from Gambia than Armenia included Kazakhstan ($2.91B), Guinea-Bissau ($59.3M), and Greece ($25.2M).

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

Difference in imports from Armenia () and Gambia () (2023)

Comparative Advantage Gambia - Armenia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Gambia had a large net trade with Armenia in the exports of .

During 2017, Armenia had a large net trade with Gambia in the exports of .

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Gambia Armenia+$998Refined Petroleum

Top Product Potential Armenia Gambia+$1.29kCars

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

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Gambia () to Armenia () (2022)

Exports from Armenia () to Gambia () (2022)

Market Competitiveness

Difference in imports from Armenia () and Gambia () (2023)

Comparative Advantage Gambia - Armenia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Gambia () and Armenia () (2022)

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