Greece (GRC) and Armenia (ARM) Trade | The Observatory of Economic Complexity

2022

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Exports $48MRnk 79 / 208

2022

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About

Greece-Armenia Trade: In 2022, Greece exported $48M to Armenia. The main products that Greece exported to Armenia were Refined Petroleum ($19.5M), Aluminium Foil ($7.32M), and Aluminium Bars ($6.01M). Over the past 5 years the exports of Greece to Armenia have increased at an annualized rate of 11.4%, from $28M in 2017 to $48M in 2022.

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

Armenia-Greece Trade: In 2022, Armenia exported $1.52M to Greece. The main products that Armenia exported to Greece were Aluminium Foil ($1.25M), Other Furniture ($67.5k), and Other Footwear ($39.5k). Over the past 5 years the exports of Armenia to Greece have decreased at an annualized rate of 9.35%, from $4.94M in 2017 to $1.52M in 2022.

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

Comparison: In 2022, Greece ranked 50 in the Economic Complexity Index (ECI 0.33), and 57 in total exports ($55.7B). That same year, Armenia ranked 66 in the Economic Complexity Index (ECI 0.00081), and 122 in total exports ($5.78B).

Historical Data

Latest Data

Trade between Greece () and Armenia ()

Greece Exports

Date

Armenia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Greece
Top DestinationItaly$5.82B

Armenia
Top DestinationRussia$2.36B

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

In 2022, countries that imported more from Greece than Armenia included Italy ($5.82B), Bulgaria ($3.62B), and Germany ($3.45B).

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

Difference in imports from Armenia () and Greece () (2022)

Economic Complexity

Competitive Landscape

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