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

About

Armenia-Indonesia Trade: In 2022, Armenia exported $375k to Indonesia. The main products that Armenia exported to Indonesia were Raw Aluminium ($308k), Raw Plastic Sheeting ($33.8k), and Fishing and Hunting Equipment ($15.1k). Over the past 5 years the exports of Armenia to Indonesia have increased at an annualized rate of 28.3%, from $108k in 2017 to $375k in 2022.

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

Indonesia-Armenia Trade: In 2022, Indonesia exported $30M to Armenia. The main products that Indonesia exported to Armenia were Coffee ($16.8M), Raw Plastic Sheeting ($1.73M), and Cars ($1.03M). Over the past 5 years the exports of Indonesia to Armenia have increased at an annualized rate of 8.58%, from $19.9M in 2017 to $30M in 2022.

In 2022, Indonesia 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, Indonesia ranked 67 in the Economic Complexity Index (ECI -0.012), and 26 in total exports ($320B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Armenia exported $375k to Indonesia. The main products exported from Armenia to Indonesia were Raw Aluminium ($308k), Raw Plastic Sheeting ($33.8k), and Fishing and Hunting Equipment ($15.1k). During the last 5 years the exports of Armenia to Indonesia have increased at an annualized rate of 28.3%, from $108k in 2017 to $375k in 2022.

In 2017, Indonesia exported $30M to Armenia. The main products exported from Indonesia to Armenia were Coffee ($16.8M), Raw Plastic Sheeting ($1.73M), and Cars ($1.03M). During the last 5 years the exports of Indonesia to Armenia have increased at an annualized rate of 8.58%, from $19.9M in 2022 to $30M in 2017.

Exports from Armenia () to Indonesia () (2022)

Exports from Indonesia () to Armenia () (2022)

Latest Data

Trade between Armenia () and Indonesia ()

Armenia Exports

Date

Indonesia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Armenia
Top DestinationRussia$2.36B

Indonesia
Top DestinationChina$67.7B

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 2022, countries that imported more from Armenia than Indonesia included Russia ($2.36B), Georgia ($260M), and Belarus ($74.6M).

In 2022, countries that imported more from Indonesia than Armenia included China ($67.7B), United States ($31.6B), and Japan ($26.6B).

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

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 2022, Armenia had a large net trade with Indonesia in the exports of Metals ($308k), Plastics and Rubbers ($36.6k), and Miscellaneous ($17.7k).

During 2017, Indonesia had a large net trade with Armenia in the exports of Vegetable Products ($16.9M), Machines ($3.17M), and Paper Goods ($2.56M).

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.

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

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 () (2022)

Exports from Indonesia () to Armenia () (2022)

Latest Data

Trade between Armenia () and Indonesia ()

Armenia Exports

Indonesia Exports

Market Competitiveness

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

Comparative Advantage Armenia - Indonesia

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring