Armenia (ARM) and Romania (ROU) Trade | The Observatory of Economic Complexity

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Armenia-Romania Trade: In 2023, Armenia exported $6.64M to Romania. The main products that Armenia exported to Romania were Plastic Pipes ($5.61M), Plastic Building Materials ($321k), and Hard Liquor ($226k). Over the past 5 years the exports of Armenia to Romania have decreased at an annualized rate of 34.5%, from $55M in 2018 to $6.64M in 2023.

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

Romania-Armenia Trade: In 2023, Romania exported $30.6M to Armenia. The main products that Romania exported to Armenia were Refined Petroleum ($5.05M), Non-Knit Men's Suits ($1.86M), and Soybean Meal ($1.68M). Over the past 5 years the exports of Romania to Armenia have increased at an annualized rate of 7.17%, from $21.7M in 2018 to $30.6M in 2023.

In 2023, Romania 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, Romania ranked 28 in the Economic Complexity Index (ECI 1.02), and 41 in total exports ($104B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Armenia exported $6.64M to Romania. The main products exported from Armenia to Romania were Plastic Pipes ($5.61M), Plastic Building Materials ($321k), and Hard Liquor ($226k). During the last 5 years the exports of Armenia to Romania have decreased at an annualized rate of 34.5%, from $55M in 2018 to $6.64M in 2023.

In 2018, Romania exported $30.6M to Armenia. The main products exported from Romania to Armenia were Refined Petroleum ($5.05M), Non-Knit Men's Suits ($1.86M), and Soybean Meal ($1.68M). During the last 5 years the exports of Romania to Armenia have increased at an annualized rate of 7.17%, from $21.7M in 2023 to $30.6M in 2018.

Exports from Armenia () to Romania () (2023)

Exports from Romania () to Armenia () (2023)

Latest Data

Trade between Armenia () and Romania ()

Armenia Exports

Date

Romania Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Armenia
Top DestinationRussia$3.38B

Romania
Top DestinationGermany$19.9B

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

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

In 2023, countries that imported more from Romania than Armenia included Germany ($19.9B), Italy ($10.2B), and France ($6.5B).

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

Comparative Advantage Armenia - Romania

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Armenia had a large net trade with Romania in the exports of Plastics and Rubbers ($5.93M), Foodstuffs ($323k), and Textiles ($191k).

During 2018, Romania had a large net trade with Armenia in the exports of Machines ($7.8M), Mineral Products ($5.06M), and Textiles ($4.06M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Armenia Romania+$336kHard Liquor

Top Product Potential Romania Armenia+$3.59MRefined Petroleum

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

About

Historical Data

Bilateral Trade by Products

Exports from Armenia () to Romania () (2023)

Exports from Romania () to Armenia () (2023)

Latest Data

Trade between Armenia () and Romania ()

Armenia Exports

Romania Exports

Market Competitiveness

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

Comparative Advantage Armenia - Romania

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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