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

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Turkey-Armenia Trade: In 2023, Turkey exported $341M to Armenia. The main products that Turkey exported to Armenia were N/A. Over the past 5 years the exports of Turkey to Armenia have increased at an annualized rate of 6.39%, from $250M in 2018 to $341M in 2023.

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

Armenia-Turkey Trade: In 2023, Armenia exported $9.65M to Turkey. The main products that Armenia exported to Turkey were Other Precious Metal Products ($3.1M), Industrial Printers ($2.24M), and Non-Knit Women's Coats ($1.49M). Over the past 5 years the exports of Armenia to Turkey have increased at an annualized rate of 15.9%, from $4.62M in 2018 to $9.65M in 2023.

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

Comparison: In 2023, Turkey ranked 41 in the Economic Complexity Index (ECI 0.62), and 28 in total exports ($272B). 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, Turkey exported $341M to Armenia. There were not main exports from Turkey to Armenia in 2023. During the last 5 years the exports of Turkey to Armenia have increased at an annualized rate of 6.39%, from $250M in 2018 to $341M in 2023.

In 2018, Armenia exported $9.65M to Turkey. The main products exported from Armenia to Turkey were Other Precious Metal Products ($3.1M), Industrial Printers ($2.24M), and Non-Knit Women's Coats ($1.49M). During the last 5 years the exports of Armenia to Turkey have increased at an annualized rate of 15.9%, from $4.62M in 2023 to $9.65M in 2018.

Exports from Turkey () to Armenia () (2023)

Exports from Armenia () to Turkey () (2023)

Latest Data

Trade between Turkey () and Armenia ()

Turkey Exports

Date

Armenia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Turkey
Top DestinationGermany$24.7B

Armenia
Top DestinationRussia$3.38B

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 2023, countries that imported more from Turkey than Armenia included Germany ($24.7B), United States ($15.9B), and United Kingdom ($15.1B).

In 2023, countries that imported more from Armenia than Turkey included Botswana ($114M) and Curaçao ($17.3M).

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

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 2023, Turkey had a large net trade with Armenia in the exports of Textiles ($99.5M), Machines ($48.1M), and Metals ($30.3M).

During 2018, Armenia had a large net trade with Turkey in the exports of Precious Metals ($3.1M), Machines ($2.83M), and Textiles ($2.7M).

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+N/AN/A

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.

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Historical Data

Bilateral Trade by Products

Exports from Turkey () to Armenia () (2023)

Exports from Armenia () to Turkey () (2023)

Latest Data

Trade between Turkey () and Armenia ()

Turkey Exports

Armenia Exports

Market Competitiveness

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

Comparative Advantage Turkey - Armenia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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