Armenia (ARM) and Sweden (SWE) Trade | The Observatory of Economic Complexity

About

Armenia-Sweden Trade: In 2023, Armenia exported $1.36M to Sweden. The main products that Armenia exported to Sweden were Broadcasting Equipment ($439k), Other Processed Fruits and Nuts ($186k), and Other Furniture ($83.8k). Over the past 5 years the exports of Armenia to Sweden have increased at an annualized rate of 19.6%, from $556k in 2018 to $1.36M in 2023.

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

Sweden-Armenia Trade: In 2023, Sweden exported $42.2M to Armenia. The main products that Sweden exported to Armenia were Tractors ($13.4M), Cars ($3.44M), and Delivery Trucks ($2.96M). Over the past 5 years the exports of Sweden to Armenia have increased at an annualized rate of 7.63%, from $29.2M in 2018 to $42.2M in 2023.

In 2023, Sweden 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, Sweden ranked 9 in the Economic Complexity Index (ECI 1.53), and 32 in total exports ($188B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Armenia exported $1.36M to Sweden. The main products exported from Armenia to Sweden were Broadcasting Equipment ($439k), Other Processed Fruits and Nuts ($186k), and Other Furniture ($83.8k). During the last 5 years the exports of Armenia to Sweden have increased at an annualized rate of 19.6%, from $556k in 2018 to $1.36M in 2023.

In 2018, Sweden exported $42.2M to Armenia. The main products exported from Sweden to Armenia were Tractors ($13.4M), Cars ($3.44M), and Delivery Trucks ($2.96M). During the last 5 years the exports of Sweden to Armenia have increased at an annualized rate of 7.63%, from $29.2M in 2023 to $42.2M in 2018.

Exports from Armenia () to Sweden () (2023)

Exports from Sweden () to Armenia () (2023)

Latest Data

Trade between Armenia () and Sweden ()

Armenia Exports

Date

Sweden Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Armenia
Top DestinationRussia$3.38B

Sweden
Top DestinationGermany$18.4B

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

In 2023, countries that imported more from Armenia than Sweden included Russia ($3.38B), United Arab Emirates ($2.25B), and Georgia ($340M).

In 2023, countries that imported more from Sweden than Armenia included Germany ($18.4B), United States ($18.1B), and Denmark ($14.4B).

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

Comparative Advantage Armenia - Sweden

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Armenia had a large net trade with Sweden in the exports of Machines ($472k), Foodstuffs ($468k), and Vegetable Products ($93.6k).

During 2018, Sweden had a large net trade with Armenia in the exports of Transportation ($20.8M), Machines ($8.3M), and Foodstuffs ($2.95M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Armenia Sweden+$131kOther Processed Fruits and Nuts

Top Product Potential Sweden Armenia+$3.8MCars

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Armenia () to Sweden () (2023)

Exports from Sweden () to Armenia () (2023)

Latest Data

Trade between Armenia () and Sweden ()

Armenia Exports

Sweden Exports

Market Competitiveness

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

Comparative Advantage Armenia - Sweden

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring