Lesotho (LSO) and Armenia (ARM) Trade | The Observatory of Economic Complexity

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Lesotho-Armenia Trade: In 2022, Lesotho exported $3.92k to Armenia. The main products that Lesotho exported to Armenia were Low-voltage Protection Equipment ($3.75k), Knit Men's Shirts ($122), and Knit T-shirts ($54). Over the past 5 years the exports of Lesotho to Armenia have increased at an annualized rate of 10.8%, from $2.36k in 2017 to $3.92k in 2022.

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

Armenia-Lesotho In N/A, Armenia did not export any products to Lesotho.

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

Comparison In 2022, Lesotho ranked 158 in total exports ($1.16B), and does not have data regarding Economic Complexity Index. That same year, Armenia ranked 66 in the Economic Complexity Index (ECI 0.00081), and 122 in total exports ($5.78B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Lesotho exported $3.92k to Armenia. The main products exported from Lesotho to Armenia were Low-voltage Protection Equipment ($3.75k), Knit Men's Shirts ($122), and Knit T-shirts ($54). During the last 5 years the exports of Lesotho to Armenia have increased at an annualized rate of 10.8%, from $2.36k in 2017 to $3.92k in 2022.

Armenia does not register exports to Lesotho.

Exports from Lesotho () to Armenia () (2022)

Exports from Armenia () to Lesotho () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Lesotho
Top DestinationSouth Africa$434M

Armenia
Top DestinationRussia$2.36B

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

In 2022, countries that imported more from Lesotho than Armenia included South Africa ($434M), United States ($327M), and Belgium ($219M).

In 2022, countries that imported more from Armenia than Lesotho included Russia ($2.36B), United Arab Emirates ($535M), and China ($420M).

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

Comparative Advantage Lesotho - Armenia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Lesotho had a large net trade with Armenia in the exports of Machines ($3.75k), Textiles ($176), and Plastics and Rubbers ($2).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Lesotho Armenia+$12.7kLow-voltage Protection Equipment

Top Product Potential Armenia Lesotho+$1.18kRolled Tobacco

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

About

Historical Data

Bilateral Trade by Products

Exports from Lesotho () to Armenia () (2022)

Exports from Armenia () to Lesotho () (2022)

Market Competitiveness

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

Comparative Advantage Lesotho - Armenia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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