Ireland (IRL) and Armenia (ARM) Trade | The Observatory of Economic Complexity

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Ireland-Armenia Trade: In 2023, Ireland exported $20.9M to Armenia. The main products that Ireland exported to Armenia were Packaged Medicaments ($5.5M), Orthopedic Appliances ($2.54M), and Vegetable Saps ($2.26M). Over the past 5 years the exports of Ireland to Armenia have increased at an annualized rate of 15.3%, from $10.3M in 2018 to $20.9M in 2023.

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

Armenia-Ireland Trade: In 2023, Armenia exported $199k to Ireland. The main products that Armenia exported to Ireland were Non-Knit Women's Coats ($34.1k), Office Machine Parts ($29.7k), and Non-Knit Men's Suits ($15k). Over the past 5 years the exports of Armenia to Ireland have increased at an annualized rate of 32.1%, from $49.6k in 2018 to $199k in 2023.

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

Comparison: In 2023, Ireland ranked 17 in the Economic Complexity Index (ECI 1.31), and 29 in total exports ($241B). That same year, Armenia ranked 57 in the Economic Complexity Index (ECI 0.094), and 107 in total exports ($9.02B).

Latest Trends

N/A

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Overview In N/A, Ireland exported €N/A and imported €N/A from Armenia, resulting in a N/A trade balance of €N/A. Between N/A and N/A the exports of Ireland have N/A by €N/A (N/A) from €N/A to €N/A, while imports N/A by €N/A (N/A) from €N/A to €N/A.

Trade In N/A, the top exports of Ireland to Armenia were . In N/A the top imports of Ireland from Armenia were .

Growth In N/A, the N/A in Ireland's year-by-year exports to Armenia was explained primarily by an decrease in product exports in . In N/A, the N/A in Ireland's year-by-year imports from Armenia was explained primarily by an decrease in product imports in .

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

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

To check Armenia and Ireland 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 2023, Ireland exported $20.9M to Armenia. The main products exported from Ireland to Armenia were Packaged Medicaments ($5.5M), Orthopedic Appliances ($2.54M), and Vegetable Saps ($2.26M). During the last 5 years the exports of Ireland to Armenia have increased at an annualized rate of 15.3%, from $10.3M in 2018 to $20.9M in 2023.

In 2018, Armenia exported $199k to Ireland. The main products exported from Armenia to Ireland were Non-Knit Women's Coats ($34.1k), Office Machine Parts ($29.7k), and Non-Knit Men's Suits ($15k). During the last 5 years the exports of Armenia to Ireland have increased at an annualized rate of 32.1%, from $49.6k in 2023 to $199k in 2018.

Exports from Ireland () to Armenia () (2023)

Exports from Armenia () to Ireland () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Ireland
Top DestinationUnited States$67.4B

Armenia
Top DestinationRussia$3.38B

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

In 2023, countries that imported more from Ireland than Armenia included United States ($67.4B), Germany ($26.7B), and United Kingdom ($20.5B).

In 2023, countries that imported more from Armenia than Ireland included Russia ($3.38B), United Arab Emirates ($2.25B), and Georgia ($340M).

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

Comparative Advantage Ireland - Armenia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Ireland had a large net trade with Armenia in the exports of Chemical Products ($9.73M), Instruments ($3.19M), and Machines ($2.87M).

During 2018, Armenia had a large net trade with Ireland in the exports of Textiles ($110k), Machines ($33.3k), and Precious Metals ($16.1k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Ireland Armenia+$3.96MPackaged Medicaments

Top Product Potential Armenia Ireland+$196kAluminium Foil

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

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Exports from Ireland () to Armenia () (2023)

Exports from Armenia () to Ireland () (2023)

Market Competitiveness

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

Comparative Advantage Ireland - Armenia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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