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2022
Flag → Flag
Exports $49.3MRnk 122 / 217
2022
Flag → Flag
Top Product $79.6MDiamonds
2022
Flag → Flag
Exports $3.6MRnk 9 / 129
2022
Flag → Flag
Top Product $195MGold
2022
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.00081Rnk 66 / 133
2022
Flag  
GDP$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH85.2%CURRENT US$
Rnk 24 / 186
2022
Flag
 GDP$19.5BCURRENT US$
Rnk 117 / 186
2012-2022
Flag
GDP GROWTH83.7%CURRENT US$
Rnk 25 / 186
2022
Flag
GDP PC $2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH66.6%CURRENT US$
Rnk 20 / 186
2022
Flag
GDP PC$7,014CURRENT US$
Rnk 91 / 186
2012-2022
Flag
GDP PC GROWTH92.5%CURRENT US$
Rnk 10 / 186

About

India-Armenia Trade: In 2022, India exported $49.3M to Armenia. The main products that India exported to Armenia were Diamonds ($79.6M), Broadcasting Equipment ($29.8M), and Raw Tobacco ($9.05M). Over the past 5 years the exports of India to Armenia have increased at an annualized rate of 288%, from $56.1k in 2017 to $49.3M in 2022.

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

Armenia-India Trade: In 2022, Armenia exported $3.6M to India. The main products that Armenia exported to India were Gold ($195M), Raw Lead ($724k), and Medical Instruments ($619k). Over the past 5 years the exports of Armenia to India have increased at an annualized rate of 68.6%,  from $264k in 2017 to $3.6M in 2022.

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

Comparison: In 2022,  India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B). That same year, Armenia ranked 66 in the Economic Complexity Index (ECI 0.00081), and 122 in total exports ($5.78B).

Latest Trends

April, 2024

About

Overview In April 2024, India exported $29.3M and imported $169k from Armenia, resulting in a positive trade balance of $29.1M. Between April 2023 and April 2024 the exports of India have increased by $20.4M (229%) from $8.92M to $29.3M, while imports decreased by $-4.36M (-96.3%) from $4.52M to $169k.

Trade In April 2024, the top exports of India to Armenia were Telecom Instruments ($1.33M), Pearl, Precs, Semiprecs Stones ($951k), Coffee ($372k), Machine Tools ($227k), and Drug Formulations, Biologicals ($136k). In April 2024 the top imports of India from Armenia were Medical And Scientific Instrum ($93.1k) and Alcoholic Beverages ($17.1k).

Growth In April 2024, the increase in India's year-by-year exports to Armenia was explained primarily by an increase in product exports in Pearl, Precs, Semiprecs Stones ($355k or 59.6%), Machine Tools ($226k or 18.7k%), and Computer Hardware, Peripherals ($24.8k or 1.27k%). In April 2024, the decrease in India's year-by-year imports  from Armenia was explained primarily by an decrease in product imports  in .

Latest Trade

Flow
Time Scale
Value
EXPORT GROWTH (April 2023 - April 2024)$20.4M(229%)
IMPORT GROWTH (April 2023 - April 2024)$-4.36M(-96.3%)

This section shows exports and imports data at subnational level for India. Click any date in the line plot or any product to explore the exports or imports behavior of India over time.

To check Armenia and India trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Armenia and India Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, India exported $49.3M to Armenia. The main products exported from India to Armenia were Diamonds ($79.6M), Broadcasting Equipment ($29.8M), and Raw Tobacco ($9.05M). During the last 5 years the exports of India to Armenia have increased at an annualized rate of 288%, from $56.1k in 2017 to $49.3M in 2022.

In 2017, Armenia exported $3.6M to India. The main products exported from Armenia to India were Gold ($195M), Raw Lead ($724k), and Medical Instruments ($619k). During the last 22 years the exports of Armenia to India have increased at an annualized rate of 68.6%, from $264k in 1995 to $3.6M in 2017.

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

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

Market Competitiveness

Color
India
Top DestinationUnited States$82.9B
Armenia
Top DestinationRussia$2.36B

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

In 2022, countries that imported more from India than Armenia included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

In 2022, countries that imported more from Armenia than India included Belarus ($74.6M) and Georgia ($260M).

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

Comparative Advantage India - Armenia

Flow
Scale

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

During 2022, India had a large net trade with Armenia in the exports of Precious Metals ($87.4M), Machines ($40.8M), and Foodstuffs ($12.6M).

During 2017, Armenia had a large net trade with India in the exports of Precious Metals ($195M), Instruments ($808k), and Metals ($766k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India Armenia+$18.1MDiamonds
Top Product Potential Armenia India+$55.2MGold

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

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

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

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