Armenia (ARM) and Ethiopia (ETH) Trade | The Observatory of Economic Complexity

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Armenia-Ethiopia Trade: In 2023, Armenia exported $6.78k to Ethiopia. The main products that Armenia exported to Ethiopia were Low-voltage Protection Equipment ($4.51k), X-Ray Equipment ($2.26k), and Electrical Lighting and Signalling Equipment ($14). Over the past 6 years the exports of Armenia to Ethiopia have increased at an annualized rate of 52.4%, from $541 in 2017 to $6.78k in 2023.

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

Ethiopia-Armenia Trade: In 2023, Ethiopia exported $884k to Armenia. The main products that Ethiopia exported to Armenia were Coffee ($830k), Knit Sweaters ($29.9k), and Knit Men's Coats ($19k). Over the past 6 years the exports of Ethiopia to Armenia have increased at an annualized rate of 19.3%, from $366k in 2017 to $884k in 2023.

In 2023, Ethiopia 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, Ethiopia ranked 101 in the Economic Complexity Index (ECI -0.84), and 137 in total exports ($3.97B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Armenia exported $6.78k to Ethiopia. The main products exported from Armenia to Ethiopia were Low-voltage Protection Equipment ($4.51k), X-Ray Equipment ($2.26k), and Electrical Lighting and Signalling Equipment ($14). During the last 6 years the exports of Armenia to Ethiopia have increased at an annualized rate of 52.4%, from $541 in 2017 to $6.78k in 2023.

In 2018, Ethiopia exported $884k to Armenia. The main products exported from Ethiopia to Armenia were Coffee ($830k), Knit Sweaters ($29.9k), and Knit Men's Coats ($19k). During the last 5 years the exports of Ethiopia to Armenia have increased at an annualized rate of 19.3%, from $366k in 2023 to $884k in 2018.

Exports from Armenia () to Ethiopia () (2023)

Exports from Ethiopia () to Armenia () (2023)

Latest Data

Trade between Armenia () and Ethiopia ()

Ethiopia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Armenia
Top DestinationRussia$3.38B

Ethiopia
Top DestinationUnited States$487M

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

In 2023, countries that imported more from Armenia than Ethiopia included Russia ($3.38B), United Arab Emirates ($2.25B), and Hong Kong ($669M).

In 2023, countries that imported more from Ethiopia than Armenia included United States ($487M), Saudi Arabia ($304M), and Djibouti ($155M).

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

Comparative Advantage Armenia - Ethiopia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Armenia had a large net trade with Ethiopia in the exports of Machines ($4.52k) and Instruments ($2.26k).

During 2018, Ethiopia had a large net trade with Armenia in the exports of Vegetable Products ($831k), Textiles ($52.3k), and Animal and Vegetable Bi-Products ($728).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Armenia Ethiopia+$2.87kCars

Top Product Potential Ethiopia Armenia+$983kCoffee

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

About

Historical Data

Bilateral Trade by Products

Exports from Armenia () to Ethiopia () (2023)

Exports from Ethiopia () to Armenia () (2023)

Latest Data

Trade between Armenia () and Ethiopia ()

Ethiopia Exports

Market Competitiveness

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

Comparative Advantage Armenia - Ethiopia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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