Senegal (SEN) and Armenia (ARM) Trade | The Observatory of Economic Complexity

About

Senegal-Armenia Trade: In 2022, Senegal exported $2.37M to Armenia. The main products that Senegal exported to Armenia were Animal Meal and Pellets ($2.23M), Broadcasting Equipment ($132k), and Beauty Products ($3.32k). Over the past 5 years the exports of Senegal to Armenia have increased at an annualized rate of 255%, from $4.18k in 2017 to $2.37M in 2022.

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

Armenia-Senegal Trade: In 2022, Armenia exported $70.1k to Senegal. The main products that Armenia exported to Senegal were Other Construction Vehicles ($35k), Packaged Medicaments ($32.2k), and Office Machine Parts ($1.51k). Over the past 5 years the exports of Armenia to Senegal have decreased at an annualized rate of 51.5%, from $2.6M in 2017 to $70.1k in 2022.

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

Comparison: In 2022, Senegal ranked 85 in the Economic Complexity Index (ECI -0.5), and 120 in total exports ($6.2B). 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, Senegal exported $2.37M to Armenia. The main products exported from Senegal to Armenia were Animal Meal and Pellets ($2.23M), Broadcasting Equipment ($132k), and Beauty Products ($3.32k). During the last 5 years the exports of Senegal to Armenia have increased at an annualized rate of 255%, from $4.18k in 2017 to $2.37M in 2022.

In 2017, Armenia exported $70.1k to Senegal. The main products exported from Armenia to Senegal were Other Construction Vehicles ($35k), Packaged Medicaments ($32.2k), and Office Machine Parts ($1.51k). During the last 5 years the exports of Armenia to Senegal have decreased at an annualized rate of 51.5%, from $2.6M in 2022 to $70.1k in 2017.

Exports from Senegal () to Armenia () (2022)

Exports from Armenia () to Senegal () (2022)

Latest Data

Trade between Senegal () and Armenia ()

Senegal Exports

Date

Armenia Exports

Date

Dec 2017

Jul 2017

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Senegal
Top DestinationMali$1.13B

Armenia
Top DestinationRussia$2.36B

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

In 2022, countries that imported more from Senegal than Armenia included Mali ($1.13B), India ($1B), and United States ($513M).

In 2022, countries that imported more from Armenia than Senegal included Russia ($2.36B), United Arab Emirates ($535M), and Georgia ($260M).

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

Comparative Advantage Senegal - Armenia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Senegal had a large net trade with Armenia in the exports of Foodstuffs ($2.23M), Machines ($132k), and Chemical Products ($3.32k).

During 2017, Armenia had a large net trade with Senegal in the exports of Machines ($37.8k) and Chemical Products ($32.2k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Senegal Armenia+$68.3kTelephones

Top Product Potential Armenia Senegal+$50.5kPackaged Medicaments

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Senegal and Armenia. This means that a dot/product with the flag of Senegal indicates it has a comparative advantage over Armenia. Similarly, a dot/product with the flag of Armenia indicates it has a comparative advantage over Senegal.

About

Historical Data

Bilateral Trade by Products

Exports from Senegal () to Armenia () (2022)

Exports from Armenia () to Senegal () (2022)

Latest Data

Trade between Senegal () and Armenia ()

Senegal Exports

Armenia Exports

Market Competitiveness

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

Comparative Advantage Senegal - Armenia

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring