Sign In
Pricing

2022
Flag → Flag
Exports $25.7MRnk 20 / 129
2022
Flag → Flag
Top Product $9.43MOther Precious Metal Products
2022
Flag → Flag
Exports $86.9MRnk 59 / 198
2022
Flag → Flag
Top Product $74.7MDiamonds
2022
Flag
Economic Complexity (ECI) ECI 0.00081Rnk 66 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.18Rnk 21 / 133
2022
Flag  
GDP$19.5BCURRENT US$
Rnk 117 / 186
2012-2022
Flag
GDP GROWTH83.7%CURRENT US$
Rnk 25 / 186
2022
Flag
 GDP$360BCURRENT US$
Rnk 42 / 186
2012-2022
Flag
GDP GROWTH37%CURRENT US$
Rnk 89 / 186
2022
Flag
GDP PC $7,014CURRENT US$
Rnk 91 / 186
2012-2022
Flag
GDP PC GROWTH92.5%CURRENT US$
Rnk 10 / 186
2022
Flag
GDP PC$48,984CURRENT US$
Rnk 20 / 186
2012-2022
Flag
GDP PC GROWTH33.4%CURRENT US$
Rnk 58 / 186

About

Armenia-Hong Kong Trade: In 2022, Armenia exported $25.7M to Hong Kong. The main products that Armenia exported to Hong Kong were Other Precious Metal Products ($9.43M), Refined Copper ($6.55M), and Diamonds ($6.51M). Over the past 5 years the exports of Armenia to Hong Kong have increased at an annualized rate of 88.1%, from $1.09M in 2017 to $25.7M in 2022.

In 2022, Armenia did not export any services to Hong Kong.

Hong Kong-Armenia Trade: In 2022, Hong Kong exported $86.9M to Armenia. The main products that Hong Kong exported to Armenia were Diamonds ($74.7M), Computers ($2.83M), and Non-Knit Women's Suits ($716k). Over the past 5 years the exports of Hong Kong to Armenia have increased at an annualized rate of 38.8%,  from $16.9M in 2017 to $86.9M in 2022.

In 2022, Hong Kong 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, Hong Kong ranked 21 in the Economic Complexity Index (ECI 1.18), and 39 in total exports ($113B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Armenia exported $25.7M to Hong Kong. The main products exported from Armenia to Hong Kong were Other Precious Metal Products ($9.43M), Refined Copper ($6.55M), and Diamonds ($6.51M). During the last 5 years the exports of Armenia to Hong Kong have increased at an annualized rate of 88.1%, from $1.09M in 2017 to $25.7M in 2022.

In 2017, Hong Kong exported $86.9M to Armenia. The main products exported from Hong Kong to Armenia were Diamonds ($74.7M), Computers ($2.83M), and Non-Knit Women's Suits ($716k). During the last 5 years the exports of Hong Kong to Armenia have increased at an annualized rate of 38.8%, from $16.9M in 2022 to $86.9M in 2017.

Exports from Armenia (Flag) to Hong Kong (Flag) (2022)

Exports from Hong Kong (Flag) to Armenia (Flag) (2022)

Latest Data

Trade between Armenia (Flag) and Hong Kong (Flag)

Armenia Exports

Hong Kong Exports

Market Competitiveness

Color
Armenia
Top DestinationRussia$2.36B
Hong Kong
Top DestinationChina$23.4B

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

In 2022, countries that imported more from Armenia than Hong Kong included Iraq ($250M), Georgia ($260M), and Iran ($111M).

In 2022, countries that imported more from Hong Kong than Armenia included China ($23.4B), India ($14.3B), and Netherlands ($6.56B).

Difference in imports from Hong Kong (Flag) and Armenia (Flag) (2022)

Comparative Advantage Armenia - Hong Kong

Flow
Scale

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

During 2022, Armenia had a large net trade with Hong Kong in the exports of Precious Metals ($16.3M), Metals ($8.28M), and Chemical Products ($483k).

During 2017, Hong Kong had a large net trade with Armenia in the exports of Precious Metals ($76M), Machines ($4.21M), and Textiles ($3.09M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Armenia Hong Kong+$7.6MDiamonds
Top Product Potential Hong Kong Armenia+$2.91MTelephones

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Armenia and Hong Kong. This means that a dot/product with the flag of Armenia indicates it has a comparative advantage over Hong Kong. Similarly, a dot/product with the flag of Hong Kong indicates it has a comparative advantage over Armenia.

Product Space of Armenia (Flag) and Hong Kong (Flag) (2022)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms