Armenia (ARM) and Russia (RUS) Trade | The Observatory of Economic Complexity

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Armenia-Russia Trade: In 2023, Armenia exported $3.38B to Russia. The main products that Armenia exported to Russia were Broadcasting Equipment ($500M), Cars ($379M), and Hard Liquor ($253M). Over the past 5 years the exports of Armenia to Russia have increased at an annualized rate of 38.5%, from $662M in 2018 to $3.38B in 2023.

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

Russia-Armenia Trade: In 2023, Russia exported $3.88B to Armenia. The main products that Russia exported to Armenia were Gold ($1.34B), Petroleum Gas ($450M), and Refined Petroleum ($317M). Over the past 5 years the exports of Russia to Armenia have increased at an annualized rate of 14.7%, from $1.3B in 2018 to $3.88B in 2023.

In 2020, Russia exported services to Armenia worth $246M, with Travel ($118M), Transportation ($48.1M), and Other business services ($26.6M) being the largest in terms of value.

Comparison: In 2023, Armenia ranked 57 in the Economic Complexity Index (ECI 0.094), and 107 in total exports ($9.02B). That same year, Russia ranked 50 in the Economic Complexity Index (ECI 0.3), and 18 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Armenia exported $3.38B to Russia. The main products exported from Armenia to Russia were Broadcasting Equipment ($500M), Cars ($379M), and Hard Liquor ($253M). During the last 5 years the exports of Armenia to Russia have increased at an annualized rate of 38.5%, from $662M in 2018 to $3.38B in 2023.

In 2018, Russia exported $3.88B to Armenia. The main products exported from Russia to Armenia were Gold ($1.34B), Petroleum Gas ($450M), and Refined Petroleum ($317M). During the last 5 years the exports of Russia to Armenia have increased at an annualized rate of 14.7%, from $1.3B in 2023 to $3.88B in 2018.

Exports from Armenia () to Russia () (2023)

Exports from Russia () to Armenia () (2023)

Latest Data

Trade between Armenia () and Russia ()

Armenia Exports

Date

Russia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Armenia
Top DestinationRussia$3.38B

Russia
Top DestinationChina$129B

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

In 2023, countries that imported more from Armenia than Russia included Iraq ($181M), Botswana ($114M), and Iran ($94.5M).

In 2023, countries that imported more from Russia than Armenia included China ($129B), India ($66.1B), and Turkey ($31B).

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

Comparative Advantage Armenia - Russia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Armenia had a large net trade with Russia in the exports of Machines ($1.18B), Transportation ($448M), and Foodstuffs ($427M).

During 2018, Russia had a large net trade with Armenia in the exports of Precious Metals ($1.84B), Mineral Products ($772M), and Metals ($211M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Armenia Russia+$2.99MPackaged Medicaments

Top Product Potential Russia Armenia+$1.1MNitrogenous Fertilizers

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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Bilateral Service Trade

Rus Year

In 2020, Russia exported services to Armenia worth $246M, with Travel ($118M), Transportation ($48.1M), and Other business services ($26.6M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Russia () to Armenia () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Armenia () to Russia () (2023)

Exports from Russia () to Armenia () (2023)

Latest Data

Trade between Armenia () and Russia ()

Armenia Exports

Russia Exports

Market Competitiveness

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

Comparative Advantage Armenia - Russia

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Russia () to Armenia () (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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