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2022
Flag → Flag
Exports $111MRnk 11 / 129
2022
Flag → Flag
Top Product $66.2MElectricity
2022
Flag → Flag
Exports $557MRnk 6 / 127
2022
Flag → Flag
Top Product $57MPetroleum Gas
2022
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Economic Complexity (ECI) ECI -0.24Rnk 74 / 124
2022
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Economic Complexity (ECI) ECI 0.071Rnk 58 / 124
2022
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GDP$19.5BCURRENT US$
Rnk 117 / 186
2012-2022
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GDP GROWTH83.7%CURRENT US$
Rnk 25 / 186
2022
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 GDP$389BCURRENT US$
Rnk 40 / 186
2012-2022
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GDP GROWTH-39.7%CURRENT US$
Rnk 183 / 186
2022
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GDP PC $7,014CURRENT US$
Rnk 91 / 186
2012-2022
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GDP PC GROWTH92.5%CURRENT US$
Rnk 10 / 186
2022
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GDP PC$4,388CURRENT US$
Rnk 116 / 186
2012-2022
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GDP PC GROWTH-47.3%CURRENT US$
Rnk 183 / 186

About

Armenia-Iran In 2022, Armenia exported $111M to Iran. The main products that Armenia exported to Iran are Electricity ($66.2M), Rolled Tobacco ($22.4M), and Copper Ore ($4.59M). During the last 25 years the exports of Armenia to Iran have increased at an annualized rate of 3.08%, from $52M in 1997 to $111M in 2022.

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

Iran-Armenia In 2022, Iran exported $557M to Armenia. The main products that Iran exported to Armenia were Petroleum Gas ($57M), Refined Petroleum ($53.8M), and Raw Iron Bars ($46M). During the last 25 years the exports of Iran to Armenia have increased at an annualized rate of 8.15%, from $78.6M in 1997 to $557M in 2022.

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

Comparison In 2022,  Armenia ranked 74 in the Economic Complexity Index (ECI -0.24), and 122 in total exports ($5.78B). That same year, Iran ranked 58 in the Economic Complexity Index (ECI 0.071), and 86 in total exports ($15.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Armenia exported $111M to Iran. The main products exported from Armenia to Iran were Electricity ($66.2M), Rolled Tobacco ($22.4M), and Copper Ore ($4.59M). During the last 25 years the exports of Armenia to Iran have increased at an annualized rate of 3.08%, from $52M in 1997 to $111M in 2022.

In 2022, Iran exported $557M to Armenia. The main products exported from Iran to Armenia were Petroleum Gas ($57M), Refined Petroleum ($53.8M), and Raw Iron Bars ($46M). During the last 25 years the exports of Iran to Armenia have increased at an annualized rate of 8.15%, from $78.6M in 1997 to $557M in 2022.

Exports from Armenia (Flag) to Iran (Flag) (2022)

Exports from Iran (Flag) to Armenia (Flag) (2022)

Latest Data

Trade between Armenia (Flag) and Iran (Flag)

Armenia Exports

Market Competitiveness

Color
Armenia
Top DestinationRussia$2.36B
Iran
Top DestinationChina$5.72B

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

In 2021, countries that imported more from Armenia than Iran were Russia ($2.36B), Iraq ($250M), and Switzerland ($257M).

In 2021, countries that imported more from Iran than Armenia were China ($5.72B), Turkey ($3.17B), and Kuwait ($960M).

Difference in imports from Iran (Flag) and Armenia (Flag) (2022)

Comparative Advantage Armenia - Iran

Flow
Scale

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

During 2022, Armenia had a large net trade with Iran in the exports of Mineral Products ($71.2M), Foodstuffs ($26.2M), and Machines ($4.94M).

During 2022, Iran had a large net trade with Armenia in the exports of Mineral Products ($161M), Metals ($142M), and Vegetable Products ($48M).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Armenia has comparative advantage over Iran. Similarly, the more yellow a dot/product is, the more Iran has comparative advantage over Armenia.

Product Space of Armenia (Flag) and Iran (Flag) (2022)

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