India (IND) and Armenia (ARM) Trade | OEC - The Observatory of Economic Complexity

About

India-Armenia In 2021, India exported $92.4M to Armenia. The main products that India exported to Armenia are Navigation Equipment ($23.6M), Diamonds ($15.9M), and Raw Tobacco ($9.04M). During the last 26 years the exports of India to Armenia have increased at an annualized rate of 33%, from $56.1k in 1995 to $92.4M in 2021.

In 2021, India did not export any services to Armenia.

Armenia-India In 2021, Armenia exported $249M to India. The main products that Armenia exported to India were Gold ($248M), Medical Instruments ($179k), and Precious Stones ($124k). During the last 26 years the exports of Armenia to India have increased at an annualized rate of 30.4%, from $249k in 1995 to $249M in 2021.

In 2021, Armenia did not export any services to India.

Comparison In 2021, India ranked 41 in the Economic Complexity Index (ECI 0.61), and 14 in total exports ($403B). That same year, Armenia ranked 71 in the Economic Complexity Index (ECI -0.19), and 133 in total exports ($3.36B).

Historical Data

Bilateral Trade by Products

Depth

Value

Year

In 2021, India exported $92.4M to Armenia. The main products exported from India to Armenia were Navigation Equipment ($23.6M), Diamonds ($15.9M), and Raw Tobacco ($9.04M). During the last 26 years the exports of India to Armenia have increased at an annualized rate of 33%, from $56.1k in 1995 to $92.4M in 2021.

In 2021, Armenia exported $249M to India. The main products exported from Armenia to India were Gold ($248M), Medical Instruments ($179k), and Precious Stones ($124k). During the last 26 years the exports of Armenia to India have increased at an annualized rate of 30.4%, from $249k in 1995 to $249M in 2021.

Latest Data

India Exports

Date

Armenia Exports

Date

Market Competitiveness

Color

SectionYear

India
Top Destination: United States, $71.2B

Armenia
Top Destination: Russia, $789M

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 2021, countries that imported more from India than Armenia were United States ($71.2B), United Arab Emirates ($25.4B), and China ($23.1B).

In 2019, no countries were registered that imported more from Armenia than from India.

Comparative Advantage India - Armenia

Flow

Scale

Year

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

During 2021, India had a large net trade with Armenia in the exports of Machines ($33.6M), Precious Metals ($19.7M), and Foodstuffs ($11M).

During 2021, Armenia had a large net trade with India in the exports of Precious Metals ($248M), Instruments ($232k), and Animal Hides ($107k).

Economic Complexity

Competitive Landscape

Year

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 India has comparative advantage over Armenia. Similarly, the more yellow a dot/product is, the more Armenia has comparative advantage over India.

About

Historical Data

Bilateral Trade by Products

Latest Data

India Exports

Armenia Exports

Market Competitiveness

Comparative Advantage India - Armenia

Economic Complexity

Competitive Landscape

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