Armenia (ARM) and Switzerland (CHE) Trade | The Observatory of Economic Complexity

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Armenia-Switzerland Trade: In 2023, Armenia exported $85.4M to Switzerland. The main products that Armenia exported to Switzerland were Precious Metal Ore ($56.6M), Copper Ore ($16.6M), and Gas Turbines ($2.54M). Over the past 5 years the exports of Armenia to Switzerland have decreased at an annualized rate of 30.3%, from $521M in 2018 to $85.4M in 2023.

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

Switzerland-Armenia Trade: In 2023, Switzerland exported $50M to Armenia. The main products that Switzerland exported to Armenia were Packaged Medicaments ($9.09M), Base Metal Watches ($6.07M), and Gold ($3.52M). Over the past 5 years the exports of Switzerland to Armenia have decreased at an annualized rate of 15.3%, from $135M in 2018 to $50M in 2023.

In 2023, Switzerland 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, Switzerland ranked 3 in the Economic Complexity Index (ECI 1.96), and 17 in total exports ($398B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Armenia exported $85.4M to Switzerland. The main products exported from Armenia to Switzerland were Precious Metal Ore ($56.6M), Copper Ore ($16.6M), and Gas Turbines ($2.54M). During the last 5 years the exports of Armenia to Switzerland have decreased at an annualized rate of 30.3%, from $521M in 2018 to $85.4M in 2023.

In 2018, Switzerland exported $50M to Armenia. The main products exported from Switzerland to Armenia were Packaged Medicaments ($9.09M), Base Metal Watches ($6.07M), and Gold ($3.52M). During the last 5 years the exports of Switzerland to Armenia have decreased at an annualized rate of 15.3%, from $135M in 2023 to $50M in 2018.

Exports from Armenia () to Switzerland () (2023)

Exports from Switzerland () to Armenia () (2023)

Latest Data

Trade between Armenia () and Switzerland ()

Armenia Exports

Date

Switzerland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Armenia
Top DestinationRussia$3.38B

Switzerland
Top DestinationGermany$53.8B

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

In 2023, countries that imported more from Armenia than Switzerland included Russia ($3.38B), Georgia ($340M), and Botswana ($114M).

In 2023, countries that imported more from Switzerland than Armenia included Germany ($53.8B), China ($47.7B), and United States ($45.1B).

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

Comparative Advantage Armenia - Switzerland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Armenia had a large net trade with Switzerland in the exports of Mineral Products ($73.1M), Machines ($3.32M), and Textiles ($2.95M).

During 2018, Switzerland had a large net trade with Armenia in the exports of Chemical Products ($17.8M), Instruments ($12.1M), and Machines ($7.03M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Armenia Switzerland+$951kNon-Knit Women's Coats

Top Product Potential Switzerland Armenia+$6.4MPackaged Medicaments

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

About

Historical Data

Bilateral Trade by Products

Exports from Armenia () to Switzerland () (2023)

Exports from Switzerland () to Armenia () (2023)

Latest Data

Trade between Armenia () and Switzerland ()

Armenia Exports

Switzerland Exports

Market Competitiveness

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

Comparative Advantage Armenia - Switzerland

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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