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

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India-Armenia In 2022, India exported $195M to Armenia. The main products that India exported to Armenia are Diamonds ($79.6M), Broadcasting Equipment ($29.8M), and Raw Tobacco ($9.05M). During the last 27 years the exports of India to Armenia have increased at an annualized rate of 35.3%, from $56.1k in 1995 to $195M in 2022.

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

Armenia-India In 2022, Armenia exported $197M to India. The main products that Armenia exported to India were Gold ($195M), Raw Lead ($724k), and Medical Instruments ($619k). During the last 27 years the exports of Armenia to India have increased at an annualized rate of 27.8%, from $264k in 1995 to $197M in 2022.

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

Comparison In 2022, India ranked 42 in the Economic Complexity Index (ECI 0.57), and 15 in total exports ($468B). That same year, Armenia ranked 74 in the Economic Complexity Index (ECI -0.24), and 122 in total exports ($5.78B).

Latest Trends

January, 2024

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Overview In January 2024, India exported $11.5M and imported $842k from Armenia, resulting in a positive trade balance of $10.6M. Between January 2023 and January 2024 the exports of India have increased by $7.85M (216%) from $3.64M to $11.5M, while imports increased by $732k (664%) from $110k to $842k.

Trade In January 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 January 2024 the top imports of India from Armenia were Medical And Scientific Instrum ($93.1k) and Alcoholic Beverages ($17.1k).

Growth In January 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 January 2024, the increase in India's year-by-year imports from Armenia was explained primarily by an increase in product imports in Medical And Scientific Instrum ($73k or 364%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)$7.85M(216%)

IMPORT GROWTH (January 2023 - January 2024)$732k(664%)

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.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, India exported $195M 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 27 years the exports of India to Armenia have increased at an annualized rate of 35.3%, from $56.1k in 1995 to $195M in 2022.

In 2022, Armenia exported $197M to India. The main products exported from Armenia to India were Gold ($195M), Raw Lead ($724k), and Medical Instruments ($619k). During the last 27 years the exports of Armenia to India have increased at an annualized rate of 27.8%, from $264k in 1995 to $197M in 2022.

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

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

Market Competitiveness

Color

Exports

Export Growth

Section

Year

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 2021, countries that imported more from India than Armenia were United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

In 2021, countries that imported more from Armenia than India were Belarus ($74.6M) and Georgia ($260M).

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

Comparative Advantage India - Armenia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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 2022, Armenia had a large net trade with India in the exports of Precious Metals ($195M), Instruments ($808k), and Metals ($766k).

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.

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Latest Trends

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Latest Trade

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Historical Data

Bilateral Trade by Products

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

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

Market Competitiveness

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

Comparative Advantage India - Armenia

Economic Complexity

Competitive Landscape

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

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