Armenia (ARM) and Portugal (PRT) Trade | The Observatory of Economic Complexity

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Armenia-Portugal Trade: In 2023, Armenia exported $263k to Portugal. The main products that Armenia exported to Portugal were Inedible Fats and Oils ($150k), Computers ($47.9k), and Other Leather Articles ($15.1k). Over the past 5 years the exports of Armenia to Portugal have decreased at an annualized rate of 10.9%, from $470k in 2018 to $263k in 2023.

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

Portugal-Armenia Trade: In 2023, Portugal exported $15.8M to Armenia. The main products that Portugal exported to Armenia were Agglomerated Cork ($2.95M), Leather Footwear ($871k), and Valves ($865k). Over the past 5 years the exports of Portugal to Armenia have increased at an annualized rate of 15.1%, from $7.81M in 2018 to $15.8M in 2023.

In 2023, Portugal 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, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 46 in total exports ($83B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Armenia exported $263k to Portugal. The main products exported from Armenia to Portugal were Inedible Fats and Oils ($150k), Computers ($47.9k), and Other Leather Articles ($15.1k). During the last 5 years the exports of Armenia to Portugal have decreased at an annualized rate of 10.9%, from $470k in 2018 to $263k in 2023.

In 2018, Portugal exported $15.8M to Armenia. The main products exported from Portugal to Armenia were Agglomerated Cork ($2.95M), Leather Footwear ($871k), and Valves ($865k). During the last 5 years the exports of Portugal to Armenia have increased at an annualized rate of 15.1%, from $7.81M in 2023 to $15.8M in 2018.

Exports from Armenia () to Portugal () (2023)

Exports from Portugal () to Armenia () (2023)

Latest Data

Trade between Armenia () and Portugal ()

Armenia Exports

Date

Portugal Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Armenia
Top DestinationRussia$3.38B

Portugal
Top DestinationSpain$17.7B

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

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

In 2023, countries that imported more from Portugal than Armenia included Spain ($17.7B), France ($9.19B), and Germany ($8.12B).

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

Comparative Advantage Armenia - Portugal

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Armenia had a large net trade with Portugal in the exports of Animal and Vegetable Bi-Products ($150k), Machines ($59.5k), and Animal Hides ($16.8k).

During 2018, Portugal had a large net trade with Armenia in the exports of Textiles ($3.35M), Machines ($3.33M), and Wood Products ($3.28M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Armenia Portugal+$133kAluminium Foil

Top Product Potential Portugal Armenia+$463kPackaged 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 Portugal. This means that a dot/product with the flag of Armenia indicates it has a comparative advantage over Portugal. Similarly, a dot/product with the flag of Portugal indicates it has a comparative advantage over Armenia.

About

Historical Data

Bilateral Trade by Products

Exports from Armenia () to Portugal () (2023)

Exports from Portugal () to Armenia () (2023)

Latest Data

Trade between Armenia () and Portugal ()

Armenia Exports

Portugal Exports

Market Competitiveness

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

Comparative Advantage Armenia - Portugal

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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