Armenia (ARM) and Austria (AUT) Trade | The Observatory of Economic Complexity

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Armenia-Austria Trade: In 2023, Armenia exported $10.3M to Austria. The main products that Armenia exported to Austria were Ferroalloys ($3.76M), Non-Knit Men's Suits ($2.32M), and Non-Knit Men's Coats ($924k). Over the past 5 years the exports of Armenia to Austria have increased at an annualized rate of 1.48%, from $9.55M in 2018 to $10.3M in 2023.

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

Austria-Armenia Trade: In 2023, Austria exported $84.4M to Armenia. The main products that Austria exported to Armenia were Lifting Machinery ($16.7M), Cars ($16.6M), and Cigarette Paper ($6.29M). Over the past 5 years the exports of Austria to Armenia have increased at an annualized rate of 21.7%, from $31.6M in 2018 to $84.4M in 2023.

In 2023, Austria 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, Austria ranked 8 in the Economic Complexity Index (ECI 1.56), and 31 in total exports ($204B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Armenia exported $10.3M to Austria. The main products exported from Armenia to Austria were Ferroalloys ($3.76M), Non-Knit Men's Suits ($2.32M), and Non-Knit Men's Coats ($924k). During the last 5 years the exports of Armenia to Austria have increased at an annualized rate of 1.48%, from $9.55M in 2018 to $10.3M in 2023.

In 2018, Austria exported $84.4M to Armenia. The main products exported from Austria to Armenia were Lifting Machinery ($16.7M), Cars ($16.6M), and Cigarette Paper ($6.29M). During the last 5 years the exports of Austria to Armenia have increased at an annualized rate of 21.7%, from $31.6M in 2023 to $84.4M in 2018.

Exports from Armenia () to Austria () (2023)

Exports from Austria () to Armenia () (2023)

Latest Data

Trade between Armenia () and Austria ()

Armenia Exports

Date

Austria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Armenia
Top DestinationRussia$3.38B

Austria
Top DestinationGermany$51B

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

In 2023, countries that imported more from Armenia than Austria included Russia ($3.38B), United Arab Emirates ($2.25B), and Georgia ($340M).

In 2023, countries that imported more from Austria than Armenia included Germany ($51B), United States ($18.1B), and Italy ($13.5B).

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

Comparative Advantage Armenia - Austria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Armenia had a large net trade with Austria in the exports of Textiles ($5.04M), Metals ($3.99M), and Mineral Products ($568k).

During 2018, Austria had a large net trade with Armenia in the exports of Machines ($30.8M), Transportation ($18.2M), and Paper Goods ($7.33M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Armenia Austria+$978kCars

Top Product Potential Austria Armenia+$4.76MCars

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

About

Historical Data

Bilateral Trade by Products

Exports from Armenia () to Austria () (2023)

Exports from Austria () to Armenia () (2023)

Latest Data

Trade between Armenia () and Austria ()

Armenia Exports

Austria Exports

Market Competitiveness

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

Comparative Advantage Armenia - Austria

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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