Armenia (ARM) and Ireland (IRL) Trade | The Observatory of Economic Complexity

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Armenia-Ireland Trade: In 2023, Armenia exported $199k to Ireland. The main products that Armenia exported to Ireland were Non-Knit Women's Coats ($34.1k), Office Machine Parts ($29.7k), and Non-Knit Men's Suits ($15k). Over the past 5 years the exports of Armenia to Ireland have increased at an annualized rate of 32.1%, from $49.6k in 2018 to $199k in 2023.

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

Ireland-Armenia Trade: In 2023, Ireland exported $20.9M to Armenia. The main products that Ireland exported to Armenia were Packaged Medicaments ($5.5M), Orthopedic Appliances ($2.54M), and Vegetable Saps ($2.26M). Over the past 5 years the exports of Ireland to Armenia have increased at an annualized rate of 15.3%, from $10.3M in 2018 to $20.9M in 2023.

In 2023, Ireland 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, Ireland ranked 17 in the Economic Complexity Index (ECI 1.31), and 29 in total exports ($241B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Armenia exported $199k to Ireland. The main products exported from Armenia to Ireland were Non-Knit Women's Coats ($34.1k), Office Machine Parts ($29.7k), and Non-Knit Men's Suits ($15k). During the last 5 years the exports of Armenia to Ireland have increased at an annualized rate of 32.1%, from $49.6k in 2018 to $199k in 2023.

In 2018, Ireland exported $20.9M to Armenia. The main products exported from Ireland to Armenia were Packaged Medicaments ($5.5M), Orthopedic Appliances ($2.54M), and Vegetable Saps ($2.26M). During the last 5 years the exports of Ireland to Armenia have increased at an annualized rate of 15.3%, from $10.3M in 2023 to $20.9M in 2018.

Exports from Armenia () to Ireland () (2023)

Exports from Ireland () to Armenia () (2023)

Latest Data

Trade between Armenia () and Ireland ()

Armenia Exports

Date

Ireland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Armenia
Top DestinationRussia$3.38B

Ireland
Top DestinationUnited States$67.4B

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

In 2023, countries that imported more from Armenia than Ireland included Russia ($3.38B), United Arab Emirates ($2.25B), and Georgia ($340M).

In 2023, countries that imported more from Ireland than Armenia included United States ($67.4B), Germany ($26.7B), and United Kingdom ($20.5B).

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

Comparative Advantage Armenia - Ireland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Armenia had a large net trade with Ireland in the exports of Textiles ($110k), Machines ($33.3k), and Precious Metals ($16.1k).

During 2018, Ireland had a large net trade with Armenia in the exports of Chemical Products ($9.73M), Instruments ($3.19M), and Machines ($2.87M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Armenia Ireland+$196kAluminium Foil

Top Product Potential Ireland Armenia+$3.96MPackaged Medicaments

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

About

Historical Data

Bilateral Trade by Products

Exports from Armenia () to Ireland () (2023)

Exports from Ireland () to Armenia () (2023)

Latest Data

Trade between Armenia () and Ireland ()

Armenia Exports

Ireland Exports

Market Competitiveness

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

Comparative Advantage Armenia - Ireland

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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