2022
Flag  
GDP
$219BCURRENT US$
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2012-2022
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GDP GROWTH
-9.49%CURRENT US$
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2022
Flag
 GDP
$19.5BCURRENT US$
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2012-2022
Flag
GDP GROWTH
83.7%CURRENT US$
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2022
Flag
GDP PC 
$20,732CURRENT US$
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2012-2022
Flag
GDP PC GROWTH
-5.39%CURRENT US$
Rnk 154 / 186
2022
Flag
GDP PC
$7,014CURRENT US$
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2012-2022
Flag
GDP PC GROWTH
92.5%CURRENT US$
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About

Greece-Armenia In 2022, Greece exported $48M to Armenia. The main products that Greece exported to Armenia are Refined Petroleum ($19.5M), Aluminium Foil ($7.32M), and Aluminium Bars ($6.01M). During the last 27 years the exports of Greece to Armenia have increased at an annualized rate of 6.52%, from $8.72M in 1995 to $48M in 2022.

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

Armenia-Greece 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). During the last 27 years the exports of Armenia to Greece have increased at an annualized rate of 11.3%, from $85.2k in 1995 to $1.52M in 2022.

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

Comparison In 2022,  Greece ranked 47 in the Economic Complexity Index (ECI 0.32), and 57 in total exports ($55.7B). That same year, Armenia ranked 74 in the Economic Complexity Index (ECI -0.24), and 122 in total exports ($5.78B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Greece exported $48M to Armenia. The main products exported from Greece to Armenia were Refined Petroleum ($19.5M), Aluminium Foil ($7.32M), and Aluminium Bars ($6.01M). During the last 27 years the exports of Greece to Armenia have increased at an annualized rate of 6.52%, from $8.72M in 1995 to $48M in 2022.

In 2022, Armenia exported $1.52M to Greece. The main products exported from Armenia to Greece were Aluminium Foil ($1.25M), Other Furniture ($67.5k), and Other Footwear ($39.5k). During the last 27 years the exports of Armenia to Greece have increased at an annualized rate of 11.3%, from $85.2k in 1995 to $1.52M in 2022.

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

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

Latest Data

Trade between Greece (Flag) and Armenia (Flag)

Greece Exports

Armenia Exports

Market Competitiveness

Color
Greece
Top Destination
Italy$5.82B
Armenia
Top Destination
Russia$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 2021, countries that imported more from Greece than Armenia were Italy ($5.82B), Bulgaria ($3.62B), and Germany ($3.45B).

In 2021, countries that imported more from Armenia than Greece were Russia ($2.36B), Iraq ($250M), and United Arab Emirates ($535M).

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

Comparative Advantage Greece - Armenia

Flow
Scale

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

During 2022, Greece had a large net trade with Armenia in the exports of Mineral Products ($19.6M), Metals ($14.6M), and Chemical Products ($5.07M).

During 2022, Armenia had a large net trade with Greece in the exports of Metals ($1.25M), Miscellaneous ($69.6k), and Textiles ($41k).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Greece has comparative advantage over Armenia. Similarly, the more yellow a dot/product is, the more Armenia has comparative advantage over Greece.

Product Space of Greece (Flag) and Armenia (Flag) (2022)

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