Turkey (TUR) and Armenia (ARM) Trade | The Observatory of Economic Complexity

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Turkey-Armenia Trade: In 2022, Turkey exported $218M to Armenia. The main products that Turkey exported to Armenia were Light Rubberized Knitted Fabric ($11.9M), Refined Petroleum ($9.35M), and Aluminium Bars ($7.99M). Over the past 5 years the exports of Turkey to Armenia have decreased at an annualized rate of 0.2%, from $220M in 2017 to $218M in 2022.

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

Armenia-Turkey Trade: In 2022, Armenia exported $69.9M to Turkey. The main products that Armenia exported to Turkey were Gold ($57.8M), Molybdenum Ore ($4.31M), and Other Precious Metal Products ($2.55M). Over the past 5 years the exports of Armenia to Turkey have increased at an annualized rate of 85.5%, from $3.18M in 2017 to $69.9M in 2022.

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

Comparison: In 2022, Turkey ranked 41 in the Economic Complexity Index (ECI 0.6), and 29 in total exports ($262B). 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, Turkey exported $218M to Armenia. The main products exported from Turkey to Armenia were Light Rubberized Knitted Fabric ($11.9M), Refined Petroleum ($9.35M), and Aluminium Bars ($7.99M). During the last 5 years the exports of Turkey to Armenia have decreased at an annualized rate of 0.2%, from $220M in 2017 to $218M in 2022.

In 2017, Armenia exported $69.9M to Turkey. The main products exported from Armenia to Turkey were Gold ($57.8M), Molybdenum Ore ($4.31M), and Other Precious Metal Products ($2.55M). During the last 5 years the exports of Armenia to Turkey have increased at an annualized rate of 85.5%, from $3.18M in 2022 to $69.9M in 2017.

Exports from Turkey () to Armenia () (2022)

Exports from Armenia () to Turkey () (2022)

Latest Data

Trade between Turkey () and Armenia ()

Turkey Exports

Date

Armenia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Turkey
Top DestinationGermany$21.9B

Armenia
Top DestinationRussia$2.36B

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

In 2022, countries that imported more from Turkey than Armenia included Germany ($21.9B), United States ($17.1B), and United Kingdom ($13.7B).

In 2022, no countries were registered that imported more from Armenia than from Turkey.

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

Comparative Advantage Turkey - Armenia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Turkey had a large net trade with Armenia in the exports of Textiles ($55.3M), Machines ($39.8M), and Metals ($25.2M).

During 2017, Armenia had a large net trade with Turkey in the exports of Precious Metals ($60.6M), Mineral Products ($4.31M), and Metals ($2.43M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Turkey Armenia+$10.8MRefined Petroleum

Top Product Potential Armenia Turkey+$43.2MGold

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

About

Historical Data

Bilateral Trade by Products

Exports from Turkey () to Armenia () (2022)

Exports from Armenia () to Turkey () (2022)

Latest Data

Trade between Turkey () and Armenia ()

Turkey Exports

Armenia Exports

Market Competitiveness

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

Comparative Advantage Turkey - Armenia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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