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2023
Flag → Flag
Exports $892Rnk 125 / 133
2023
Flag → Flag
Top Product $728Motor vehicles; parts and accessories (8701 to 8705)
2023
Flag → Flag
Exports $56MRnk 135 / 180
2023
Flag → Flag
Top Product $11.8kOther Fruits
2023
Flag
Economic Complexity (ECI) ECI 0.094Rnk 57 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.74Rnk 98 / 132
2023
Flag  
GDP$24.1BCURRENT US$
Rnk 114 / 195
2013-2023
Flag
GDP GROWTH117%CURRENT US$
Rnk 9 / 195
2023
Flag
 GDP$12.4BCURRENT US$
Rnk 145 / 195
2013-2023
Flag
GDP GROWTH2.56%CURRENT US$
Rnk 167 / 195
2023
Flag
GDP PC $8,053CURRENT US$
Rnk 96 / 195
2013-2023
Flag
GDP PC GROWTH119%CURRENT US$
Rnk 4 / 195
2023
Flag
GDP PC$4,168CURRENT US$
Rnk 129 / 196
2013-2023
Flag
GDP PC GROWTH-22%CURRENT US$
Rnk 180 / 195

About

Armenia-Namibia Trade: In 2023, Armenia exported $892 to Namibia. The main products that Armenia exported to Namibia were Motor vehicles; parts and accessories (8701 to 8705) ($728), Transmissions ($146), and Precious Stones ($18). Over the past 9 years the exports of Armenia to Namibia have decreased at an annualized rate of 31%, from $25k in 2014 to $892 in 2023.

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

Namibia-Armenia In N/A, Namibia did not export any products to Armenia.

In 2023, Namibia 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, Namibia ranked 98 in the Economic Complexity Index (ECI -0.74), and 124 in total exports ($6.28B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Armenia exported $892 to Namibia. The main products exported from Armenia to Namibia were Motor vehicles; parts and accessories (8701 to 8705) ($728), Transmissions ($146), and Precious Stones ($18). During the last 9 years the exports of Armenia to Namibia have decreased at an annualized rate of 31%, from $25k in 2014 to $892 in 2023.

Namibia does not register exports to Armenia. The main products exported from Namibia to Armenia were Other Fruits ($11.8k), Grapes ($5.76k), and Transmissions ($2.22k).

Exports from Armenia (Flag) to Namibia (Flag) (2023)

Exports from Namibia (Flag) to Armenia (Flag) (2023)

Latest Data

Trade between Armenia (Flag) and Namibia (Flag)

Armenia Exports

Date

Namibia Exports

Date

Market Competitiveness

Color
Armenia
Top DestinationRussia$3.38B
Namibia
Top DestinationSouth Africa$1.71B

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

In 2023, countries that imported more from Armenia than Namibia included Russia ($3.38B), United Arab Emirates ($2.25B), and Hong Kong ($669M).

In 2023, countries that imported more from Namibia than Armenia included South Africa ($1.71B), Botswana ($504M), and Zambia ($329M).

Difference in imports from Namibia (Flag) and Armenia (Flag) (2023)

Comparative Advantage Armenia - Namibia

Flow
Scale

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

During 2023, Armenia had a large net trade with Namibia in the exports of Transportation ($728), Machines ($146), and Precious Metals ($18).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Armenia Namibia+$8.52kPackaged Medicaments
Top Product Potential Namibia Armenia+$2.99kDiamonds

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

This visualization shows the product space at the HS4 level with the flags of Armenia and Namibia. This means that a dot/product with the flag of Armenia indicates it has a comparative advantage over Namibia. Similarly, a dot/product with the flag of Namibia indicates it has a comparative advantage over Armenia.

Product Space of Armenia (Flag) and Namibia (Flag) (2023)

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