Saudi Arabia (SAU) and Armenia (ARM) Trade | The Observatory of Economic Complexity

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Saudi Arabia-Armenia Trade: In 2023, Saudi Arabia exported $5.53M to Armenia. The main products that Saudi Arabia exported to Armenia were Propylene Polymers ($2.49M), Ethylene Polymers ($1.99M), and Gold ($428k). Over the past 5 years the exports of Saudi Arabia to Armenia have increased at an annualized rate of 14%, from $2.87M in 2018 to $5.53M in 2023.

In 2023, Saudi Arabia did not export any services to Armenia.

Armenia-Saudi Arabia Trade: In 2023, Armenia exported $1.45M to Saudi Arabia. The main products that Armenia exported to Saudi Arabia were Aluminium Structures ($689k), House Linens ($178k), and Water ($98k). Over the past 5 years the exports of Armenia to Saudi Arabia have decreased at an annualized rate of 4.24%, from $1.81M in 2018 to $1.45M in 2023.

In 2023, Armenia did not export any services to Saudi Arabia.

Comparison: In 2023, Saudi Arabia ranked 36 in the Economic Complexity Index (ECI 0.76), and 26 in total exports ($300B). That same year, Armenia ranked 57 in the Economic Complexity Index (ECI 0.094), and 107 in total exports ($9.02B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Saudi Arabia exported $5.53M to Armenia. The main products exported from Saudi Arabia to Armenia were Propylene Polymers ($2.49M), Ethylene Polymers ($1.99M), and Gold ($428k). During the last 5 years the exports of Saudi Arabia to Armenia have increased at an annualized rate of 14%, from $2.87M in 2018 to $5.53M in 2023.

In 2018, Armenia exported $1.45M to Saudi Arabia. The main products exported from Armenia to Saudi Arabia were Aluminium Structures ($689k), House Linens ($178k), and Water ($98k). During the last 5 years the exports of Armenia to Saudi Arabia have decreased at an annualized rate of 4.24%, from $1.81M in 2023 to $1.45M in 2018.

Exports from Saudi Arabia () to Armenia () (2023)

Exports from Armenia () to Saudi Arabia () (2023)

Latest Data

Trade between Saudi Arabia () and Armenia ()

Saudi Arabia Exports

Date

Armenia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Saudi Arabia
Top DestinationChina$64.4B

Armenia
Top DestinationRussia$3.38B

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

In 2023, countries that imported more from Saudi Arabia than Armenia included China ($64.4B), India ($34.8B), and Japan ($34.7B).

In 2023, countries that imported more from Armenia than Saudi Arabia included Russia ($3.38B), Georgia ($340M), and Hong Kong ($669M).

Difference in imports from Armenia () and Saudi Arabia () (2023)

Comparative Advantage Saudi Arabia - Armenia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Saudi Arabia had a large net trade with Armenia in the exports of Plastics and Rubbers ($4.58M), Precious Metals ($428k), and Foodstuffs ($291k).

During 2018, Armenia had a large net trade with Saudi Arabia in the exports of Metals ($722k), Textiles ($425k), and Foodstuffs ($136k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Saudi Arabia Armenia+$1.46MEthylene Polymers

Top Product Potential Armenia Saudi Arabia+$409kChocolate

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

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Historical Data

Bilateral Trade by Products

Exports from Saudi Arabia () to Armenia () (2023)

Exports from Armenia () to Saudi Arabia () (2023)

Latest Data

Trade between Saudi Arabia () and Armenia ()

Saudi Arabia Exports

Armenia Exports

Market Competitiveness

Difference in imports from Armenia () and Saudi Arabia () (2023)

Comparative Advantage Saudi Arabia - Armenia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Saudi Arabia () and Armenia () (2023)

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