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2023
Flag → Flag
Exports $3.34MRnk 51 / 133
2023
Flag → Flag
Top Product $3.27MFerroalloys
2023
Flag → Flag
Exports $7.94MRnk 116 / 168
2023
Flag → Flag
Top Product $3.73MRaw Tobacco
2023
Flag
Economic Complexity (ECI) ECI 0.094Rnk 57 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.043Rnk 61 / 132
2023
Flag  
GDP$24.1BCURRENT US$
Rnk 114 / 195
2013-2023
Flag
GDP GROWTH117%CURRENT US$
Rnk 9 / 195
2023
Flag
 GDP$646BCURRENT US$
Rnk 22 / 195
2013-2023
Flag
GDP GROWTH17%CURRENT US$
Rnk 148 / 195
2023
Flag
GDP PC $8,053CURRENT US$
Rnk 96 / 195
2013-2023
Flag
GDP PC GROWTH119%CURRENT US$
Rnk 4 / 195
2023
Flag
GDP PC$14,187CURRENT US$
Rnk 73 / 196
2013-2023
Flag
GDP PC GROWTH9.44%CURRENT US$
Rnk 135 / 195

About

Armenia-Argentina Trade: In 2023, Armenia exported $3.34M to Argentina. The main products that Armenia exported to Argentina were Ferroalloys ($3.27M), Harvesting Machinery ($21.3k), and Other Processed Fruits and Nuts ($15.1k). Over the past 5 years the exports of Armenia to Argentina have increased at an annualized rate of 302%, from $3.2k in 2018 to $3.34M in 2023.

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

Argentina-Armenia Trade: In 2023, Argentina exported $7.94M to Armenia. The main products that Argentina exported to Armenia were Raw Tobacco ($3.73M), Soybean Meal ($2.82M), and Other Inedible Animal Products ($329k). Over the past 5 years the exports of Argentina to Armenia have decreased at an annualized rate of 3.26%,  from $9.37M in 2018 to $7.94M in 2023.

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

Comparison: In 2023,  Armenia ranked 57 in the Economic Complexity Index (ECI 0.094), and 107 in total exports ($9.02B). That same year, Argentina ranked 61 in the Economic Complexity Index (ECI 0.043), and 50 in total exports ($68.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Armenia exported $3.34M to Argentina. The main products exported from Armenia to Argentina were Ferroalloys ($3.27M), Harvesting Machinery ($21.3k), and Other Processed Fruits and Nuts ($15.1k). During the last 5 years the exports of Armenia to Argentina have increased at an annualized rate of 302%, from $3.2k in 2018 to $3.34M in 2023.

In 2018, Argentina exported $7.94M to Armenia. The main products exported from Argentina to Armenia were Raw Tobacco ($3.73M), Soybean Meal ($2.82M), and Other Inedible Animal Products ($329k). During the last 5 years the exports of Argentina to Armenia have decreased at an annualized rate of 3.26%, from $9.37M in 2023 to $7.94M in 2018.

Exports from Armenia (Flag) to Argentina (Flag) (2023)

Exports from Argentina (Flag) to Armenia (Flag) (2023)

Latest Data

Trade between Armenia (Flag) and Argentina (Flag)

Armenia Exports

Argentina Exports

Market Competitiveness

Color
Armenia
Top DestinationRussia$3.38B
Argentina
Top DestinationBrazil$12.1B

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

In 2023, countries that imported more from Armenia than Argentina included Russia ($3.38B), United Arab Emirates ($2.25B), and Hong Kong ($669M).

In 2023, countries that imported more from Argentina than Armenia included Brazil ($12.1B), United States ($6.27B), and Chile ($5.57B).

Difference in imports from Argentina (Flag) and Armenia (Flag) (2023)

Comparative Advantage Armenia - Argentina

Flow
Scale

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

During 2023, Armenia had a large net trade with Argentina in the exports of Metals ($3.27M), Machines ($23.2k), and Foodstuffs ($21k).

During 2018, Argentina had a large net trade with Armenia in the exports of Foodstuffs ($6.6M), Animal Products ($661k), and Vegetable Products ($292k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Armenia Argentina+$29.1kOther Processed Fruits and Nuts
Top Product Potential Argentina Armenia+$691kSoybean Meal

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

Product Space of Armenia (Flag) and Argentina (Flag) (2023)

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