Iran-Armenia Trade: In 2022, Iran exported $557M to Armenia. The main products that Iran exported to Armenia were Petroleum Gas ($57M), Refined Petroleum ($53.8M), and Raw Iron Bars ($46M). Over the past 5 years the exports of Iran to Armenia have increased at an annualized rate of 14.2%, from $287M in 2017 to $557M in 2022.
In 2022, Iran did not export any services to Armenia.
Armenia-Iran Trade: In 2022, Armenia exported $111M to Iran. The main products that Armenia exported to Iran were Electricity ($66.2M), Rolled Tobacco ($22.4M), and Copper Ore ($4.59M). Over the past 5 years the exports of Armenia to Iran have increased at an annualized rate of 4.69%, from $88.3M in 2017 to $111M in 2022.
In 2022, Armenia did not export any services to Iran.
Comparison: In 2022, Iran ranked 60 in the Economic Complexity Index (ECI 0.072), and 86 in total exports ($15.9B). That same year, Armenia ranked 66 in the Economic Complexity Index (ECI 0.00081), and 122 in total exports ($5.78B).