2021
Flag  
GDP
$1.84TCURRENT US$
Rnk 10 / 204
2011-2021
Flag
GDP GROWTH
-10.2%CURRENT US$
Rnk 187 / 204
2021
Flag
 GDP
$13.9BCURRENT US$
Rnk 133 / 204
2011-2021
Flag
GDP GROWTH
36.7%CURRENT US$
Rnk 84 / 204
2021
Flag
GDP PC 
$12,593CURRENT US$
Rnk 76 / 204
2011-2021
Flag
GDP PC GROWTH
-12%CURRENT US$
Rnk 170 / 204
2021
Flag
GDP PC
$4,967CURRENT US$
Rnk 121 / 204
2011-2021
Flag
GDP PC GROWTH
43.4%CURRENT US$
Rnk 43 / 204

About

Russia-Armenia In 2021, Russia exported $1.82B to Armenia. The main products that Russia exported to Armenia are Petroleum Gas ($362M), Refined Petroleum ($242M), and Raw Aluminium ($65.2M). During the last 25 years the exports of Russia to Armenia have increased at an annualized rate of 14.6%, from $61M in 1996 to $1.82B in 2021.

In 2020, Russia exported services to Armenia worth $246M, with Travel ($118M), Transportation ($48.1M), and Other business services ($26.6M) being the largest in terms of value.

Armenia-Russia In 2021, Armenia exported $789M to Russia. The main products that Armenia exported to Russia were Hard Liquor ($183M), Non-fillet Fresh Fish ($56.3M), and Diamonds ($54.9M). During the last 25 years the exports of Armenia to Russia have increased at an annualized rate of 12.9%, from $38M in 1996 to $789M in 2021.

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

Comparison In 2021,  Russia ranked 45 in the Economic Complexity Index (ECI 0.46), and 10 in total exports ($484B). 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

In 2021, Russia exported $1.82B to Armenia. The main products exported from Russia to Armenia were Petroleum Gas ($362M), Refined Petroleum ($242M), and Raw Aluminium ($65.2M). During the last 25 years the exports of Russia to Armenia have increased at an annualized rate of 14.6%, from $61M in 1996 to $1.82B in 2021.

In 2021, Armenia exported $789M to Russia. The main products exported from Armenia to Russia were Hard Liquor ($183M), Non-fillet Fresh Fish ($56.3M), and Diamonds ($54.9M). During the last 25 years the exports of Armenia to Russia have increased at an annualized rate of 12.9%, from $38M in 1996 to $789M in 2021.

Exports from Russia (Flag) to Armenia (Flag) (2021)

Exports from Armenia (Flag) to Russia (Flag) (2021)

Market Competitiveness

Color
Russia
Top Destination
China$70.9B
Armenia
Top Destination
Russia$789M

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

In 2021, countries that imported more from Russia than Armenia were China ($70.9B), Netherlands ($39B), and United States ($27.4B).

In 2021, countries that imported more from Armenia than Russia were Iran ($65.4M) and Syria ($10.9M).

Difference in imports from Armenia (Flag) and Russia (Flag) (2021)

Comparative Advantage Russia - Armenia

Flow
Scale

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

During 2021, Russia had a large net trade with Armenia in the exports of Mineral Products ($608M), Machines ($174M), and Foodstuffs ($169M).

During 2021, Armenia had a large net trade with Russia in the exports of Foodstuffs ($280M), Vegetable Products ($133M), and Textiles ($92.3M).

Service Trade

Bilateral Service Trade

In 2020, Russia exported services to Armenia worth $246M, with Travel ($118M), Transportation ($48.1M), and Other business services ($26.6M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Russia (Flag) to Armenia (Flag) (2020)

Economic Complexity

Competitive Landscape

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

Product Space of Russia (Flag) and Armenia (Flag) (2021)

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