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2022
Flag → Flag
Exports $220MRnk 108 / 219
2022
Flag → Flag
Top Product $11.9MLight Rubberized Knitted Fabric
2022
Flag → Flag
Exports $3.18MRnk 15 / 129
2022
Flag → Flag
Top Product $57.8MGold
2022
Flag
Economic Complexity (ECI) ECI 0.6Rnk 41 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.00081Rnk 66 / 133
2022
Flag  
GDP$906BCURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 160 / 186
2022
Flag
 GDP$19.5BCURRENT US$
Rnk 117 / 186
2012-2022
Flag
GDP GROWTH83.7%CURRENT US$
Rnk 25 / 186
2022
Flag
GDP PC $10,616CURRENT US$
Rnk 75 / 186
2012-2022
Flag
GDP PC GROWTH-9.24%CURRENT US$
Rnk 162 / 186
2022
Flag
GDP PC$7,014CURRENT US$
Rnk 91 / 186
2012-2022
Flag
GDP PC GROWTH92.5%CURRENT US$
Rnk 10 / 186

About

Turkey-Armenia Trade: In 2022, Turkey exported $220M 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 increased at an annualized rate of 83.6%, from $10.5M in 2017 to $220M in 2022.

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

Armenia-Turkey Trade: In 2022, Armenia exported $3.18M 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 decreased at an annualized rate of 14.8%,  from $7.08M in 2017 to $3.18M 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
Value

In 2022, Turkey exported $220M 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 increased at an annualized rate of 83.6%, from $10.5M in 2017 to $220M in 2022.

In 2017, Armenia exported $3.18M 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 20 years the exports of Armenia to Turkey have decreased at an annualized rate of 14.8%, from $7.08M in 1997 to $3.18M in 2017.

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

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

Latest Data

Trade between Turkey (Flag) and Armenia (Flag)

Turkey Exports

Armenia Exports

Market Competitiveness

Color
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 (Flag) and Turkey (Flag) (2022)

Comparative Advantage Turkey - Armenia

Flow
Scale

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).

Economic Complexity

Competitive Landscape

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.

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

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