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Pricing

2022
Flag → Flag
Exports $75.1MRnk 59 / 191
2022
Flag → Flag
Top Product $9.74MRolled Tobacco
2022
Flag → Flag
Exports $13MRnk 27 / 129
2022
Flag → Flag
Top Product $8.06MHard Liquor
2022
Flag
Economic Complexity (ECI) ECI 0.5Rnk 44 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.00081Rnk 66 / 133
2022
Flag  
GDP$161BCURRENT US$
Rnk 58 / 186
2012-2022
Flag
GDP GROWTH-12.1%CURRENT US$
Rnk 175 / 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 $4,534CURRENT US$
Rnk 115 / 186
2012-2022
Flag
GDP PC GROWTH13.2%CURRENT US$
Rnk 103 / 186
2022
Flag
GDP PC$7,014CURRENT US$
Rnk 91 / 186
2012-2022
Flag
GDP PC GROWTH92.5%CURRENT US$
Rnk 10 / 186

About

Ukraine-Armenia Trade: In 2022, Ukraine exported $75.1M to Armenia. The main products that Ukraine exported to Armenia were Rolled Tobacco ($9.74M), Poultry Meat ($8.69M), and Chocolate ($3.81M). Over the past 5 years the exports of Ukraine to Armenia have decreased at an annualized rate of 6.8%, from $107M in 2017 to $75.1M in 2022.

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

Armenia-Ukraine Trade: In 2022, Armenia exported $13M to Ukraine. The main products that Armenia exported to Ukraine were Hard Liquor ($8.06M), Rolled Tobacco ($1.96M), and Packaged Medicaments ($325k). Over the past 5 years the exports of Armenia to Ukraine have increased at an annualized rate of 3.4%,  from $11M in 2017 to $13M in 2022.

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

Comparison: In 2022,  Ukraine ranked 44 in the Economic Complexity Index (ECI 0.5), and 61 in total exports ($47.1B). 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, Ukraine exported $75.1M to Armenia. The main products exported from Ukraine to Armenia were Rolled Tobacco ($9.74M), Poultry Meat ($8.69M), and Chocolate ($3.81M). During the last 5 years the exports of Ukraine to Armenia have decreased at an annualized rate of 6.8%, from $107M in 2017 to $75.1M in 2022.

In 2017, Armenia exported $13M to Ukraine. The main products exported from Armenia to Ukraine were Hard Liquor ($8.06M), Rolled Tobacco ($1.96M), and Packaged Medicaments ($325k). During the last 5 years the exports of Armenia to Ukraine have increased at an annualized rate of 3.4%, from $11M in 2022 to $13M in 2017.

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

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

Latest Data

Trade between Ukraine (Flag) and Armenia (Flag)

Ukraine Exports

Armenia Exports

Market Competitiveness

Color
Ukraine
Top DestinationPoland$6.7B
Armenia
Top DestinationRussia$2.36B

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

In 2022, countries that imported more from Ukraine than Armenia included Poland ($6.7B), Romania ($3.94B), and Turkey ($3.02B).

In 2022, countries that imported more from Armenia than Ukraine included Russia ($2.36B), United Arab Emirates ($535M), and Switzerland ($257M).

Difference in imports from Armenia (Flag) and Ukraine (Flag) (2022)

Comparative Advantage Ukraine - Armenia

Flow
Scale

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

During 2022, Ukraine had a large net trade with Armenia in the exports of Foodstuffs ($24.2M), Machines ($11.3M), and Animal Products ($11M).

During 2017, Armenia had a large net trade with Ukraine in the exports of Foodstuffs ($10.9M), Chemical Products ($626k), and Metals ($411k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ukraine Armenia+$530kHot-Rolled Iron
Top Product Potential Armenia Ukraine+$790kRolled Tobacco

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

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

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

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