Vietnam (VNM) and Armenia (ARM) Trade | The Observatory of Economic Complexity

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Vietnam-Armenia Trade: In 2023, Vietnam exported $815M to Armenia. The main products that Vietnam exported to Armenia were Broadcasting Equipment ($494M), Video Displays ($153M), and Computers ($39.3M). Over the past 5 years the exports of Vietnam to Armenia have increased at an annualized rate of 77.5%, from $46.3M in 2018 to $815M in 2023.

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

Armenia-Vietnam Trade: In 2023, Armenia exported $642k to Vietnam. The main products that Armenia exported to Vietnam were Rolled Tobacco ($545k), Cheese ($55.7k), and Chocolate ($36.7k). Over the past 5 years the exports of Armenia to Vietnam have increased at an annualized rate of 2.55%, from $566k in 2018 to $642k in 2023.

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

Comparison: In 2023, Vietnam ranked 60 in the Economic Complexity Index (ECI 0.067), and 15 in total exports ($424B). 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, Vietnam exported $815M to Armenia. The main products exported from Vietnam to Armenia were Broadcasting Equipment ($494M), Video Displays ($153M), and Computers ($39.3M). During the last 5 years the exports of Vietnam to Armenia have increased at an annualized rate of 77.5%, from $46.3M in 2018 to $815M in 2023.

In 2018, Armenia exported $642k to Vietnam. The main products exported from Armenia to Vietnam were Rolled Tobacco ($545k), Cheese ($55.7k), and Chocolate ($36.7k). During the last 5 years the exports of Armenia to Vietnam have increased at an annualized rate of 2.55%, from $566k in 2023 to $642k in 2018.

Exports from Vietnam () to Armenia () (2023)

Exports from Armenia () to Vietnam () (2023)

Latest Data

Trade between Vietnam () and Armenia ()

Armenia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Vietnam
Top DestinationUnited States$118B

Armenia
Top DestinationRussia$3.38B

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

In 2023, countries that imported more from Vietnam than Armenia included United States ($118B), China ($85.7B), and Japan ($25.1B).

In 2023, countries that imported more from Armenia than Vietnam included Russia ($3.38B), Georgia ($340M), and Iraq ($181M).

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

Comparative Advantage Vietnam - Armenia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Vietnam had a large net trade with Armenia in the exports of Machines ($768M), Footwear and Headwear ($10.8M), and Instruments ($10.5M).

During 2018, Armenia had a large net trade with Vietnam in the exports of Foodstuffs ($586k), Animal Products ($55.7k), and Miscellaneous ($1.02k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Vietnam Armenia+$21.1MTelephones

Top Product Potential Armenia Vietnam+$1.17MRolled 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

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Vietnam () to Armenia () (2023)

Exports from Armenia () to Vietnam () (2023)

Latest Data

Trade between Vietnam () and Armenia ()

Armenia Exports

Market Competitiveness

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

Comparative Advantage Vietnam - Armenia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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