Armenia (ARM) and Brazil (BRA) Trade | The Observatory of Economic Complexity

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Armenia-Brazil Trade: In 2022, Armenia exported $598k to Brazil. The main products that Armenia exported to Brazil were Gas Turbines ($285k), Non-Knit Women's Coats ($168k), and Non-Knit Men's Coats ($91.3k). Over the past 5 years the exports of Armenia to Brazil have increased at an annualized rate of 31.2%, from $154k in 2017 to $598k in 2022.

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

Brazil-Armenia Trade: In 2022, Brazil exported $55.1M to Armenia. The main products that Brazil exported to Armenia were Raw Sugar ($34.9M), Poultry Meat ($3.11M), and Pig Meat ($3M). Over the past 5 years the exports of Brazil to Armenia have decreased at an annualized rate of 0.42%, from $56.3M in 2017 to $55.1M in 2022.

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

Comparison: In 2022, Armenia ranked 66 in the Economic Complexity Index (ECI 0.00081), and 122 in total exports ($5.78B). That same year, Brazil ranked 49 in the Economic Complexity Index (ECI 0.36), and 25 in total exports ($341B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Armenia exported $598k to Brazil. The main products exported from Armenia to Brazil were Gas Turbines ($285k), Non-Knit Women's Coats ($168k), and Non-Knit Men's Coats ($91.3k). During the last 5 years the exports of Armenia to Brazil have increased at an annualized rate of 31.2%, from $154k in 2017 to $598k in 2022.

In 2017, Brazil exported $55.1M to Armenia. The main products exported from Brazil to Armenia were Raw Sugar ($34.9M), Poultry Meat ($3.11M), and Pig Meat ($3M). During the last 5 years the exports of Brazil to Armenia have decreased at an annualized rate of 0.42%, from $56.3M in 2022 to $55.1M in 2017.

Exports from Armenia () to Brazil () (2022)

Exports from Brazil () to Armenia () (2022)

Latest Data

Trade between Armenia () and Brazil ()

Armenia Exports

Date

Brazil Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Armenia
Top DestinationRussia$2.36B

Brazil
Top DestinationChina$90.1B

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

In 2022, countries that imported more from Armenia than Brazil included Russia ($2.36B), Belarus ($74.6M), and Turkmenistan ($15.5M).

In 2022, countries that imported more from Brazil than Armenia included China ($90.1B), United States ($36.6B), and Argentina ($15.4B).

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

Comparative Advantage Armenia - Brazil

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Armenia had a large net trade with Brazil in the exports of Machines ($290k), Textiles ($264k), and Instruments ($21.1k).

During 2017, Brazil had a large net trade with Armenia in the exports of Foodstuffs ($41.1M), Animal Products ($7.46M), and Machines ($2.64M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Armenia Brazil+$276kNon-Knit Women's Coats

Top Product Potential Brazil Armenia+$1.99MPoultry Meat

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

About

Historical Data

Bilateral Trade by Products

Exports from Armenia () to Brazil () (2022)

Exports from Brazil () to Armenia () (2022)

Latest Data

Trade between Armenia () and Brazil ()

Armenia Exports

Brazil Exports

Market Competitiveness

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

Comparative Advantage Armenia - Brazil

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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