Armenia (ARM) and South Korea (KOR) Trade | The Observatory of Economic Complexity

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Armenia-South Korea Trade: In 2022, Armenia exported $30.4M to South Korea. The main products that Armenia exported to South Korea were Molybdenum Ore ($11.8M), Non-Knit Women's Coats ($9.5M), and Non-Knit Men's Coats ($4.26M). Over the past 5 years the exports of Armenia to South Korea have increased at an annualized rate of 33.5%, from $7.18M in 2017 to $30.4M in 2022.

In 2022, Armenia did not export any services to South Korea.

South Korea-Armenia Trade: In 2022, South Korea exported $63.1M to Armenia. The main products that South Korea exported to Armenia were Cars ($16.4M), Coated Flat-Rolled Iron ($4.94M), and Large Construction Vehicles ($3.61M). Over the past 5 years the exports of South Korea to Armenia have increased at an annualized rate of 31.1%, from $16.3M in 2017 to $63.1M in 2022.

In 2022, South Korea 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, South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Armenia exported $30.4M to South Korea. The main products exported from Armenia to South Korea were Molybdenum Ore ($11.8M), Non-Knit Women's Coats ($9.5M), and Non-Knit Men's Coats ($4.26M). During the last 5 years the exports of Armenia to South Korea have increased at an annualized rate of 33.5%, from $7.18M in 2017 to $30.4M in 2022.

In 2017, South Korea exported $63.1M to Armenia. The main products exported from South Korea to Armenia were Cars ($16.4M), Coated Flat-Rolled Iron ($4.94M), and Large Construction Vehicles ($3.61M). During the last 5 years the exports of South Korea to Armenia have increased at an annualized rate of 31.1%, from $16.3M in 2022 to $63.1M in 2017.

Exports from Armenia () to South Korea () (2022)

Exports from South Korea () to Armenia () (2022)

Latest Data

Trade between Armenia () and South Korea ()

Armenia Exports

Date

South Korea Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Armenia
Top DestinationRussia$2.36B

South Korea
Top DestinationChina$150B

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

In 2022, countries that imported more from Armenia than South Korea included Georgia ($260M), Belarus ($74.6M), and Turkmenistan ($15.5M).

In 2022, countries that imported more from South Korea than Armenia included China ($150B), United States ($112B), and Vietnam ($60.7B).

Difference in imports from South Korea () and Armenia () (2022)

Comparative Advantage Armenia - South Korea

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Armenia had a large net trade with South Korea in the exports of Textiles ($18.1M), Mineral Products ($11.9M), and Instruments ($128k).

During 2017, South Korea had a large net trade with Armenia in the exports of Transportation ($20M), Machines ($15.1M), and Instruments ($8.01M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Armenia South Korea+$2.06MNon-Knit Women's Coats

Top Product Potential South Korea Armenia+$13.7MCars

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

About

Historical Data

Bilateral Trade by Products

Exports from Armenia () to South Korea () (2022)

Exports from South Korea () to Armenia () (2022)

Latest Data

Trade between Armenia () and South Korea ()

Armenia Exports

South Korea Exports

Market Competitiveness

Difference in imports from South Korea () and Armenia () (2022)

Comparative Advantage Armenia - South Korea

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Armenia () and South Korea () (2022)

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