Indonesia (IDN) and Armenia (ARM) Trade | The Observatory of Economic Complexity

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Indonesia-Armenia Trade: In 2023, Indonesia exported $49.9M to Armenia. The main products that Indonesia exported to Armenia were Coffee ($30.2M), Stone Processing Machines ($2.4M), and Raw Plastic Sheeting ($1.96M). Over the past 5 years the exports of Indonesia to Armenia have increased at an annualized rate of 13.1%, from $27M in 2018 to $49.9M in 2023.

In 2023, Indonesia did not export any services to Armenia.

Armenia-Indonesia Trade: In 2023, Armenia exported $438k to Indonesia. The main products that Armenia exported to Indonesia were Raw Aluminium ($192k), Safety Glass ($133k), and Chocolate ($65.4k). Over the past 5 years the exports of Armenia to Indonesia have decreased at an annualized rate of 0.88%, from $457k in 2018 to $438k in 2023.

In 2023, Armenia did not export any services to Indonesia.

Comparison: In 2023, Indonesia ranked 65 in the Economic Complexity Index (ECI -0.085), and 27 in total exports ($299B). 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 2023, Indonesia exported $49.9M to Armenia. The main products exported from Indonesia to Armenia were Coffee ($30.2M), Stone Processing Machines ($2.4M), and Raw Plastic Sheeting ($1.96M). During the last 5 years the exports of Indonesia to Armenia have increased at an annualized rate of 13.1%, from $27M in 2018 to $49.9M in 2023.

In 2018, Armenia exported $438k to Indonesia. The main products exported from Armenia to Indonesia were Raw Aluminium ($192k), Safety Glass ($133k), and Chocolate ($65.4k). During the last 5 years the exports of Armenia to Indonesia have decreased at an annualized rate of 0.88%, from $457k in 2023 to $438k in 2018.

Exports from Indonesia () to Armenia () (2023)

Exports from Armenia () to Indonesia () (2023)

Latest Data

Trade between Indonesia () and Armenia ()

Indonesia Exports

Date

Armenia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Indonesia
Top DestinationChina$70.7B

Armenia
Top DestinationRussia$3.38B

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

In 2023, countries that imported more from Indonesia than Armenia included China ($70.7B), United States ($27.9B), and India ($24B).

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

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

Comparative Advantage Indonesia - Armenia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Indonesia had a large net trade with Armenia in the exports of Vegetable Products ($30.3M), Machines ($5.1M), and Footwear and Headwear ($2.54M).

During 2018, Armenia had a large net trade with Indonesia in the exports of Metals ($196k), Stone And Glass ($133k), and Foodstuffs ($69.6k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Indonesia Armenia+$2.14MCars

Top Product Potential Armenia Indonesia+$352kRaw Aluminium

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

About

Historical Data

Bilateral Trade by Products

Exports from Indonesia () to Armenia () (2023)

Exports from Armenia () to Indonesia () (2023)

Latest Data

Trade between Indonesia () and Armenia ()

Indonesia Exports

Armenia Exports

Market Competitiveness

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

Comparative Advantage Indonesia - Armenia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Indonesia () and Armenia () (2023)

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