Armenia / Gabon | The Observatory of Economic Complexity

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Armenia-Gabon Trade: In 2023, Armenia exported $40k to Gabon. The main products that Armenia exported to Gabon were N/A. Over the past 8 years the exports of Armenia to Gabon have decreased at an annualized rate of 26.7%, from $478k in 2015 to $40k in 2023.

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

Gabon-Armenia Trade: In 2023, Gabon exported $1.8k to Armenia. The main products that Gabon exported to Armenia were Motor vehicles; parts and accessories (8701 to 8705) ($1.8k). Over the past 8 years the exports of Gabon to Armenia have increased at an annualized rate of 224%, from $5 in 2015 to $1.8k in 2023.

In 2023, Gabon 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, Gabon ranked 92 in the Economic Complexity Index (ECI -0.62), and 102 in total exports ($10.6B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Armenia exported $40k to Gabon. There were not main exports from Armenia to Gabon in 2023. During the last 8 years the exports of Armenia to Gabon have decreased at an annualized rate of 26.7%, from $478k in 2015 to $40k in 2023.

In 2018, Gabon exported $1.8k to Armenia. The main products exported from Gabon to Armenia were Motor vehicles; parts and accessories (8701 to 8705) ($1.8k). During the last 5 years the exports of Gabon to Armenia have increased at an annualized rate of 224%, from $5 in 2023 to $1.8k in 2018.

Exports from Armenia () to Gabon () (2023)

Exports from Gabon () to Armenia () (2023)

Latest Data

Trade between Armenia () and Gabon ()

Armenia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Armenia
Top DestinationRussia$3.38B

Gabon
Top DestinationChina$2.77B

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

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

In 2023, countries that imported more from Gabon than Armenia included China ($2.77B), Indonesia ($875M), and Israel ($680M).

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

Comparative Advantage Armenia - Gabon

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Armenia had a large net trade with Gabon in the exports of N/A.

During 2018, Gabon had a large net trade with Armenia in the exports of Transportation ($1.8k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Armenia Gabon+$1.63kCars

Top Product Potential Gabon Armenia+N/AN/A

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

About

Historical Data

Bilateral Trade by Products

Exports from Armenia () to Gabon () (2023)

Exports from Gabon () to Armenia () (2023)

Latest Data

Trade between Armenia () and Gabon ()

Armenia Exports

Market Competitiveness

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

Comparative Advantage Armenia - Gabon

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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