Armenia (ARM) and Czechia (CZE) Trade | The Observatory of Economic Complexity

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Armenia-Czechia Trade: In 2022, Armenia exported $9.23M to Czechia. The main products that Armenia exported to Czechia were Ferroalloys ($6.14M), Aluminium Foil ($370k), and Hard Liquor ($300k). Over the past 5 years the exports of Armenia to Czechia have increased at an annualized rate of 25.7%, from $2.94M in 2017 to $9.23M in 2022.

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

Czechia-Armenia Trade: In 2022, Czechia exported $118M to Armenia. The main products that Czechia exported to Armenia were Broadcasting Equipment ($43.1M), Computers ($15.6M), and Medical Instruments ($3.94M). Over the past 5 years the exports of Czechia to Armenia have increased at an annualized rate of 18.3%, from $43.1M in 2017 to $118M in 2022.

In 2022, Czechia 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, Czechia ranked 7 in the Economic Complexity Index (ECI 1.55), and 30 in total exports ($237B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Armenia exported $9.23M to Czechia. The main products exported from Armenia to Czechia were Ferroalloys ($6.14M), Aluminium Foil ($370k), and Hard Liquor ($300k). During the last 5 years the exports of Armenia to Czechia have increased at an annualized rate of 25.7%, from $2.94M in 2017 to $9.23M in 2022.

In 2017, Czechia exported $118M to Armenia. The main products exported from Czechia to Armenia were Broadcasting Equipment ($43.1M), Computers ($15.6M), and Medical Instruments ($3.94M). During the last 5 years the exports of Czechia to Armenia have increased at an annualized rate of 18.3%, from $43.1M in 2022 to $118M in 2017.

Exports from Armenia () to Czechia () (2022)

Exports from Czechia () to Armenia () (2022)

Latest Data

Trade between Armenia () and Czechia ()

Armenia Exports

Date

Czechia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Armenia
Top DestinationRussia$2.36B

Czechia
Top DestinationGermany$75.3B

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

In 2022, countries that imported more from Armenia than Czechia included Russia ($2.36B), Georgia ($260M), and Iraq ($250M).

In 2022, countries that imported more from Czechia than Armenia included Germany ($75.3B), Slovakia ($19.7B), and Poland ($16.2B).

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

Comparative Advantage Armenia - Czechia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Armenia had a large net trade with Czechia in the exports of Metals ($6.51M), Machines ($685k), and Textiles ($566k).

During 2017, Czechia had a large net trade with Armenia in the exports of Machines ($77.8M), Instruments ($8.12M), and Plastics and Rubbers ($7.26M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Armenia Czechia+$1.33MFerroalloys

Top Product Potential Czechia Armenia+$6.62MComputers

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

About

Historical Data

Bilateral Trade by Products

Exports from Armenia () to Czechia () (2022)

Exports from Czechia () to Armenia () (2022)

Latest Data

Trade between Armenia () and Czechia ()

Armenia Exports

Czechia Exports

Market Competitiveness

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

Comparative Advantage Armenia - Czechia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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