Uzbekistan (UZB) and Armenia (ARM) Trade | The Observatory of Economic Complexity

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Uzbekistan-Armenia Trade: In 2022, Uzbekistan exported $20.7M to Armenia. The main products that Uzbekistan exported to Armenia were Light Rubberized Knitted Fabric ($5.4M), Non-Retail Pure Cotton Yarn ($2.98M), and Rolled Tobacco ($2.81M). Over the past 5 years the exports of Uzbekistan to Armenia have increased at an annualized rate of 72%, from $1.37M in 2017 to $20.7M in 2022.

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

Armenia-Uzbekistan Trade: In 2022, Armenia exported $6.31M to Uzbekistan. The main products that Armenia exported to Uzbekistan were Packaged Medicaments ($2.28M), Rolled Tobacco ($1.25M), and Semiconductor Devices ($1.24M). Over the past 5 years the exports of Armenia to Uzbekistan have increased at an annualized rate of 21.1%, from $2.42M in 2017 to $6.31M in 2022.

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

Comparison: In 2022, Uzbekistan ranked 79 in the Economic Complexity Index (ECI -0.28), and 83 in total exports ($16.9B). 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, Uzbekistan exported $20.7M to Armenia. The main products exported from Uzbekistan to Armenia were Light Rubberized Knitted Fabric ($5.4M), Non-Retail Pure Cotton Yarn ($2.98M), and Rolled Tobacco ($2.81M). During the last 5 years the exports of Uzbekistan to Armenia have increased at an annualized rate of 72%, from $1.37M in 2017 to $20.7M in 2022.

In 2017, Armenia exported $6.31M to Uzbekistan. The main products exported from Armenia to Uzbekistan were Packaged Medicaments ($2.28M), Rolled Tobacco ($1.25M), and Semiconductor Devices ($1.24M). During the last 5 years the exports of Armenia to Uzbekistan have increased at an annualized rate of 21.1%, from $2.42M in 2022 to $6.31M in 2017.

Exports from Uzbekistan () to Armenia () (2022)

Exports from Armenia () to Uzbekistan () (2022)

Latest Data

Trade between Uzbekistan () and Armenia ()

Uzbekistan Exports

Date

Armenia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Uzbekistan
Top DestinationSwitzerland$4.29B

Armenia
Top DestinationRussia$2.36B

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

In 2022, countries that imported more from Uzbekistan than Armenia included Switzerland ($4.29B), China ($1.98B), and Turkey ($1.59B).

In 2022, countries that imported more from Armenia than Uzbekistan included United Arab Emirates ($535M), Iraq ($250M), and Georgia ($260M).

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

Comparative Advantage Uzbekistan - Armenia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Uzbekistan had a large net trade with Armenia in the exports of Textiles ($10.7M), Foodstuffs ($4.1M), and Machines ($1.65M).

During 2017, Armenia had a large net trade with Uzbekistan in the exports of Chemical Products ($2.52M), Foodstuffs ($1.8M), and Machines ($1.63M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Uzbekistan Armenia+$184kCoated Flat-Rolled Iron

Top Product Potential Armenia Uzbekistan+$223kPackaged Medicaments

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

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Historical Data

Bilateral Trade by Products

Exports from Uzbekistan () to Armenia () (2022)

Exports from Armenia () to Uzbekistan () (2022)

Latest Data

Trade between Uzbekistan () and Armenia ()

Uzbekistan Exports

Armenia Exports

Market Competitiveness

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

Comparative Advantage Uzbekistan - Armenia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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