2022
Flag  
GDP
$19.5BCURRENT US$
Rnk 117 / 186
2012-2022
Flag
GDP GROWTH
83.7%CURRENT US$
Rnk 25 / 186
2022
Flag
 GDP
$467BCURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP GROWTH
58.2%CURRENT US$
Rnk 42 / 186
2022
Flag
GDP PC 
$7,014CURRENT US$
Rnk 91 / 186
2012-2022
Flag
GDP PC GROWTH
92.5%CURRENT US$
Rnk 10 / 186
2022
Flag
GDP PC
$82,808CURRENT US$
Rnk 7 / 186
2012-2022
Flag
GDP PC GROWTH
49.1%CURRENT US$
Rnk 37 / 186

About

Armenia-Singapore Trade: In 2022, Armenia exported $3.61M to Singapore. The main products that Armenia exported to Singapore were Copper Ore ($2.15M), Non-Knit Women's Coats ($329k), and Base Metal Watches ($274k). Over the past 5 years the exports of Armenia to Singapore have increased at an annualized rate of 10.1%, from $2.23M in 2017 to $3.61M in 2022.

In 2022, Armenia did not export any services to Singapore.

Singapore-Armenia Trade: In 2022, Singapore exported $4.56M to Armenia. The main products that Singapore exported to Armenia were Industrial Printers ($970k), Orthopedic Appliances ($506k), and Surveying Equipment ($478k). Over the past 5 years the exports of Singapore to Armenia have increased at an annualized rate of 8.92%,  from $2.97M in 2017 to $4.56M in 2022.

In 2022, Singapore 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, Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Armenia exported $3.61M to Singapore. The main products exported from Armenia to Singapore were Copper Ore ($2.15M), Non-Knit Women's Coats ($329k), and Base Metal Watches ($274k). During the last 5 years the exports of Armenia to Singapore have increased at an annualized rate of 10.1%, from $2.23M in 2017 to $3.61M in 2022.

In 2017, Singapore exported $4.56M to Armenia. The main products exported from Singapore to Armenia were Industrial Printers ($970k), Orthopedic Appliances ($506k), and Surveying Equipment ($478k). During the last 5 years the exports of Singapore to Armenia have increased at an annualized rate of 8.92%, from $2.97M in 2022 to $4.56M in 2017.

Exports from Armenia (Flag) to Singapore (Flag) (2022)

Exports from Singapore (Flag) to Armenia (Flag) (2022)

Latest Data

Trade between Armenia (Flag) and Singapore (Flag)

Armenia Exports

Singapore Exports

Market Competitiveness

Color
Armenia
Top Destination
Russia$2.36B
Singapore
Top Destination
Hong Kong$51.6B

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

In 2022, countries that imported more from Armenia than Singapore included Russia ($2.36B), Georgia ($260M), and Iraq ($250M).

In 2022, countries that imported more from Singapore than Armenia included Hong Kong ($51.6B), China ($51.2B), and Malaysia ($35.9B).

Difference in imports from Singapore (Flag) and Armenia (Flag) (2022)

Comparative Advantage Armenia - Singapore

Flow
Scale

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

During 2022, Armenia had a large net trade with Singapore in the exports of Mineral Products ($2.15M), Textiles ($615k), and Instruments ($418k).

During 2017, Singapore had a large net trade with Armenia in the exports of Machines ($2.19M), Instruments ($1.39M), and Mineral Products ($410k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Armenia Singapore+$1.85MCopper Ore
Top Product Potential Singapore Armenia+$1.56MRefined 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

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

Product Space of Armenia (Flag) and Singapore (Flag) (2022)

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