Armenia (ARM) and Indonesia (IDN) Trade | The Observatory of Economic Complexity

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Armenia-Indonesia Trade: In 2023, Armenia exported $438k to Indonesia. The main products that Armenia exported to Indonesia were Raw Aluminium ($192k), Safety Glass ($133k), and Chocolate ($65.4k). Over the past 5 years the exports of Armenia to Indonesia have decreased at an annualized rate of 0.88%, from $457k in 2018 to $438k in 2023.

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

Indonesia-Armenia Trade: In 2023, Indonesia exported $49.9M to Armenia. The main products that Indonesia exported to Armenia were Coffee ($30.2M), Stone Processing Machines ($2.4M), and Raw Plastic Sheeting ($1.96M). Over the past 5 years the exports of Indonesia to Armenia have increased at an annualized rate of 13.1%, from $27M in 2018 to $49.9M in 2023.

In 2023, Indonesia 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, Indonesia ranked 65 in the Economic Complexity Index (ECI -0.085), and 27 in total exports ($299B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Armenia exported $438k to Indonesia. The main products exported from Armenia to Indonesia were Raw Aluminium ($192k), Safety Glass ($133k), and Chocolate ($65.4k). During the last 5 years the exports of Armenia to Indonesia have decreased at an annualized rate of 0.88%, from $457k in 2018 to $438k in 2023.

In 2018, Indonesia exported $49.9M to Armenia. The main products exported from Indonesia to Armenia were Coffee ($30.2M), Stone Processing Machines ($2.4M), and Raw Plastic Sheeting ($1.96M). During the last 5 years the exports of Indonesia to Armenia have increased at an annualized rate of 13.1%, from $27M in 2023 to $49.9M in 2018.

Exports from Armenia () to Indonesia () (2023)

Exports from Indonesia () to Armenia () (2023)

Latest Data

Trade between Armenia () and Indonesia ()

Armenia Exports

Date

Indonesia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Armenia
Top DestinationRussia$3.38B

Indonesia
Top DestinationChina$70.7B

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

In 2023, countries that imported more from Armenia than Indonesia included Russia ($3.38B), Georgia ($340M), and Botswana ($114M).

In 2023, countries that imported more from Indonesia than Armenia included China ($70.7B), United States ($27.9B), and India ($24B).

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

Comparative Advantage Armenia - Indonesia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Armenia had a large net trade with Indonesia in the exports of Metals ($196k), Stone And Glass ($133k), and Foodstuffs ($69.6k).

During 2018, Indonesia had a large net trade with Armenia in the exports of Vegetable Products ($30.3M), Machines ($5.1M), and Footwear and Headwear ($2.54M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Armenia Indonesia+$352kRaw Aluminium

Top Product Potential Indonesia Armenia+$2.14MCars

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

About

Historical Data

Bilateral Trade by Products

Exports from Armenia () to Indonesia () (2023)

Exports from Indonesia () to Armenia () (2023)

Latest Data

Trade between Armenia () and Indonesia ()

Armenia Exports

Indonesia Exports

Market Competitiveness

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

Comparative Advantage Armenia - Indonesia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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