Slovenia (SVN) and Armenia (ARM) Trade | The Observatory of Economic Complexity

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Slovenia-Armenia Trade: In 2023, Slovenia exported $23.1M to Armenia. The main products that Slovenia exported to Armenia were Packaged Medicaments ($9.06M), Plastic Wash Basins ($3.44M), and Low-voltage Protection Equipment ($1.48M). Over the past 5 years the exports of Slovenia to Armenia have increased at an annualized rate of 12.2%, from $13M in 2018 to $23.1M in 2023.

In 2023, Slovenia did not export any services to Armenia.

Armenia-Slovenia Trade: In 2023, Armenia exported $24.2M to Slovenia. The main products that Armenia exported to Slovenia were Ferroalloys ($22.7M), Molybdenum Ore ($1.15M), and Aluminium Foil ($258k). Over the past 5 years the exports of Armenia to Slovenia have increased at an annualized rate of 92.5%, from $917k in 2018 to $24.2M in 2023.

In 2023, Armenia did not export any services to Slovenia.

Comparison: In 2023, Slovenia ranked 12 in the Economic Complexity Index (ECI 1.48), and 53 in total exports ($60.8B). 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, Slovenia exported $23.1M to Armenia. The main products exported from Slovenia to Armenia were Packaged Medicaments ($9.06M), Plastic Wash Basins ($3.44M), and Low-voltage Protection Equipment ($1.48M). During the last 5 years the exports of Slovenia to Armenia have increased at an annualized rate of 12.2%, from $13M in 2018 to $23.1M in 2023.

In 2018, Armenia exported $24.2M to Slovenia. The main products exported from Armenia to Slovenia were Ferroalloys ($22.7M), Molybdenum Ore ($1.15M), and Aluminium Foil ($258k). During the last 5 years the exports of Armenia to Slovenia have increased at an annualized rate of 92.5%, from $917k in 2023 to $24.2M in 2018.

Exports from Slovenia () to Armenia () (2023)

Exports from Armenia () to Slovenia () (2023)

Latest Data

Trade between Slovenia () and Armenia ()

Slovenia Exports

Date

Armenia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Slovenia
Top DestinationSwitzerland$13.5B

Armenia
Top DestinationRussia$3.38B

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

In 2023, countries that imported more from Slovenia than Armenia included Switzerland ($13.5B), Germany ($7.21B), and Italy ($6.23B).

In 2023, countries that imported more from Armenia than Slovenia included Russia ($3.38B), United Arab Emirates ($2.25B), and Hong Kong ($669M).

Difference in imports from Armenia () and Slovenia () (2023)

Comparative Advantage Slovenia - Armenia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Slovenia had a large net trade with Armenia in the exports of Chemical Products ($10.5M), Machines ($6.18M), and Plastics and Rubbers ($3.72M).

During 2018, Armenia had a large net trade with Slovenia in the exports of Metals ($22.9M), Mineral Products ($1.15M), and Textiles ($98.3k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Slovenia Armenia+$2.59MPackaged Medicaments

Top Product Potential Armenia Slovenia+$68.9kNon-Knit Women's Coats

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

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Historical Data

Bilateral Trade by Products

Exports from Slovenia () to Armenia () (2023)

Exports from Armenia () to Slovenia () (2023)

Latest Data

Trade between Slovenia () and Armenia ()

Slovenia Exports

Armenia Exports

Market Competitiveness

Difference in imports from Armenia () and Slovenia () (2023)

Comparative Advantage Slovenia - Armenia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Slovenia () and Armenia () (2023)

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