Armenia (ARM) and Germany (DEU) Trade | The Observatory of Economic Complexity

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Armenia-Germany Trade: In 2022, Armenia exported $136M to Germany. The main products that Armenia exported to Germany were Aluminium Foil ($59M), Ferroalloys ($26.8M), and Non-Knit Men's Suits ($26.5M). Over the past 5 years the exports of Armenia to Germany have increased at an annualized rate of 1.4%, from $127M in 2017 to $136M in 2022.

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

Germany-Armenia Trade: In 2022, Germany exported $488M to Armenia. The main products that Germany exported to Armenia were Cars ($92.3M), Washing and Bottling Machines ($18.8M), and Tractors ($16.3M). Over the past 5 years the exports of Germany to Armenia have increased at an annualized rate of 21.3%, from $186M in 2017 to $488M in 2022.

In 2022, Germany 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, Germany ranked 5 in the Economic Complexity Index (ECI 1.78), and 3 in total exports ($1.6T).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Armenia exported $136M to Germany. The main products exported from Armenia to Germany were Aluminium Foil ($59M), Ferroalloys ($26.8M), and Non-Knit Men's Suits ($26.5M). During the last 5 years the exports of Armenia to Germany have increased at an annualized rate of 1.4%, from $127M in 2017 to $136M in 2022.

In 2017, Germany exported $488M to Armenia. The main products exported from Germany to Armenia were Cars ($92.3M), Washing and Bottling Machines ($18.8M), and Tractors ($16.3M). During the last 5 years the exports of Germany to Armenia have increased at an annualized rate of 21.3%, from $186M in 2022 to $488M in 2017.

Exports from Armenia () to Germany () (2022)

Exports from Germany () to Armenia () (2022)

Latest Data

Trade between Armenia () and Germany ()

Armenia Exports

Date

Germany Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Armenia
Top DestinationRussia$2.36B

Germany
Top DestinationUnited States$153B

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

In 2022, no countries were registered that imported more from Armenia than from Germany.

In 2022, countries that imported more from Germany than Armenia included United States ($153B), France ($120B), and Netherlands ($109B).

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

Comparative Advantage Armenia - Germany

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Armenia had a large net trade with Germany in the exports of Metals ($86M), Textiles ($35.3M), and Transportation ($4.69M).

During 2017, Germany had a large net trade with Armenia in the exports of Machines ($140M), Transportation ($138M), and Instruments ($39.7M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Armenia Germany+$6.96MFerroalloys

Top Product Potential Germany Armenia+$37.9MCars

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

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Historical Data

Bilateral Trade by Products

Exports from Armenia () to Germany () (2022)

Exports from Germany () to Armenia () (2022)

Latest Data

Trade between Armenia () and Germany ()

Armenia Exports

Germany Exports

Market Competitiveness

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

Comparative Advantage Armenia - Germany

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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