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2022
Flag → Flag
Exports $2.08BRnk 34 / 219
2022
Flag → Flag
Top Product $1.45BDocuments of title (bonds etc) and unused stamps
2022
Flag → Flag
Exports $535MRnk 2 / 129
2022
Flag → Flag
Top Product $256MGold
2022
Flag
Economic Complexity (ECI) ECI 0.24Rnk 53 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.00081Rnk 66 / 133
2022
Flag  
GDP$508BCURRENT US$
Rnk 28 / 186
2012-2022
Flag
GDP GROWTH32%CURRENT US$
Rnk 93 / 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 $53,758CURRENT US$
Rnk 16 / 186
2012-2022
Flag
GDP PC GROWTH21.1%CURRENT US$
Rnk 81 / 186
2022
Flag
GDP PC$7,014CURRENT US$
Rnk 91 / 186
2012-2022
Flag
GDP PC GROWTH92.5%CURRENT US$
Rnk 10 / 186

About

United Arab Emirates-Armenia Trade: In 2022, United Arab Emirates exported $2.08B to Armenia. The main products that United Arab Emirates exported to Armenia were Documents of title (bonds etc) and unused stamps ($1.45B), Broadcasting Equipment ($223M), and Cars ($149M). Over the past 5 years the exports of United Arab Emirates to Armenia have increased at an annualized rate of 66.4%, from $163M in 2017 to $2.08B in 2022.

In 2022, United Arab Emirates did not export any services to Armenia.

Armenia-United Arab Emirates Trade: In 2022, Armenia exported $535M to United Arab Emirates. The main products that Armenia exported to United Arab Emirates were Gold ($256M), Diamonds ($196M), and Jewellery ($45.8M). Over the past 5 years the exports of Armenia to United Arab Emirates have increased at an annualized rate of 41.7%,  from $93.5M in 2017 to $535M in 2022.

In 2022, Armenia did not export any services to United Arab Emirates.

Comparison: In 2022,  United Arab Emirates ranked 53 in the Economic Complexity Index (ECI 0.24), and 18 in total exports ($402B). 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, United Arab Emirates exported $2.08B to Armenia. The main products exported from United Arab Emirates to Armenia were Documents of title (bonds etc) and unused stamps ($1.45B), Broadcasting Equipment ($223M), and Cars ($149M). During the last 5 years the exports of United Arab Emirates to Armenia have increased at an annualized rate of 66.4%, from $163M in 2017 to $2.08B in 2022.

In 2017, Armenia exported $535M to United Arab Emirates. The main products exported from Armenia to United Arab Emirates were Gold ($256M), Diamonds ($196M), and Jewellery ($45.8M). During the last 5 years the exports of Armenia to United Arab Emirates have increased at an annualized rate of 41.7%, from $93.5M in 2022 to $535M in 2017.

Exports from United Arab Emirates (Flag) to Armenia (Flag) (2022)

Exports from Armenia (Flag) to United Arab Emirates (Flag) (2022)

Latest Data

Trade between United Arab Emirates (Flag) and Armenia (Flag)

United Arab Emirates Exports

Armenia Exports

Market Competitiveness

Color
United Arab Emirates
Top DestinationIndia$51B
Armenia
Top DestinationRussia$2.36B

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

In 2022, countries that imported more from United Arab Emirates than Armenia included India ($51B), Japan ($40.9B), and China ($32.5B).

In 2022, countries that imported more from Armenia than United Arab Emirates included Bulgaria ($210M).

Difference in imports from Armenia (Flag) and United Arab Emirates (Flag) (2022)

Comparative Advantage United Arab Emirates - Armenia

Flow
Scale

This chart compares trade between United Arab Emirates and Armenia by product, considering products traded by both, United Arab Emirates and Armenia.

During 2022, United Arab Emirates had a large net trade with Armenia in the exports of Paper Goods ($1.45B), Machines ($367M), and Transportation ($167M).

During 2017, Armenia had a large net trade with United Arab Emirates in the exports of Precious Metals ($498M), Foodstuffs ($27.6M), and Transportation ($3.82M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United Arab Emirates Armenia+$9.32MGold
Top Product Potential Armenia United Arab Emirates+$5.13MCars

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

Product Space of United Arab Emirates (Flag) and Armenia (Flag) (2022)

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