2022
Flag  
GDP
$19.5BCURRENT US$
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2012-2022
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GDP GROWTH
83.7%CURRENT US$
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2022
Flag
 GDP
$522BCURRENT US$
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2012-2022
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GDP GROWTH
99%CURRENT US$
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2022
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GDP PC 
$7,014CURRENT US$
Rnk 91 / 186
2012-2022
Flag
GDP PC GROWTH
92.5%CURRENT US$
Rnk 10 / 186
2022
Flag
GDP PC
$54,660CURRENT US$
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2012-2022
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GDP PC GROWTH
64.9%CURRENT US$
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About

Armenia-Israel In 2022, Armenia exported $13.4M to Israel. The main products that Armenia exported to Israel are Diamonds ($9.3M), Optical Fibers and optical fibre bundles ($1.05M), and Sawn Wood ($501k). During the last 25 years the exports of Armenia to Israel have increased at an annualized rate of 27.8%, from $28.9k in 1997 to $13.4M in 2022.

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

Israel-Armenia In 2022, Israel exported $21M to Armenia. The main products that Israel exported to Armenia were Diamonds ($7.3M), Machinery Having Individual Functions ($1.19M), and Fruit Juice ($1.13M). During the last 25 years the exports of Israel to Armenia have increased at an annualized rate of 34.4%, from $13k in 1997 to $21M in 2022.

In 2022, Israel 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, Israel ranked 19 in the Economic Complexity Index (ECI 1.17), and 49 in total exports ($76.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Armenia exported $13.4M to Israel. The main products exported from Armenia to Israel were Diamonds ($9.3M), Optical Fibers and optical fibre bundles ($1.05M), and Sawn Wood ($501k). During the last 25 years the exports of Armenia to Israel have increased at an annualized rate of 27.8%, from $28.9k in 1997 to $13.4M in 2022.

In 2022, Israel exported $21M to Armenia. The main products exported from Israel to Armenia were Diamonds ($7.3M), Machinery Having Individual Functions ($1.19M), and Fruit Juice ($1.13M). During the last 27 years the exports of Israel to Armenia have increased at an annualized rate of 34.4%, from $13k in 1995 to $21M in 2022.

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

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

Latest Data

Trade between Armenia (Flag) and Israel (Flag)

Armenia Exports

Israel Exports

Market Competitiveness

Color
Armenia
Top Destination
Russia$2.36B
Israel
Top Destination
United States$20.3B

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

In 2021, countries that imported more from Armenia than Israel were Russia ($2.36B), Iraq ($250M), and Georgia ($260M).

In 2021, countries that imported more from Israel than Armenia were United States ($20.3B), China ($5.53B), and Palestine ($4.6B).

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

Comparative Advantage Armenia - Israel

Flow
Scale

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

During 2022, Armenia had a large net trade with Israel in the exports of Precious Metals ($9.39M), Foodstuffs ($2M), and Instruments ($1.25M).

During 2022, Israel had a large net trade with Armenia in the exports of Precious Metals ($8.19M), Machines ($3.88M), and Instruments ($2.51M).

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 Israel. Similarly, the more yellow a dot/product is, the more Israel has comparative advantage over Armenia.

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

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