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

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Armenia-Sweden Trade: In 2022, Armenia exported $480k to Sweden. The main products that Armenia exported to Sweden were Hair Products ($76.9k), Other Processed Fruits and Nuts ($55.4k), and Processed Tomatoes ($31.4k). Over the past 5 years the exports of Armenia to Sweden have decreased at an annualized rate of 13%, from $963k in 2017 to $480k in 2022.

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

Sweden-Armenia Trade: In 2022, Sweden exported $24.2M to Armenia. The main products that Sweden exported to Armenia were Delivery Trucks ($2.63M), Tractors ($2.38M), and Processed Tobacco ($1.76M). Over the past 5 years the exports of Sweden to Armenia have decreased at an annualized rate of 4.74%, from $30.8M in 2017 to $24.2M in 2022.

In 2022, Sweden 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, Sweden ranked 9 in the Economic Complexity Index (ECI 1.49), and 33 in total exports ($194B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Armenia exported $480k to Sweden. The main products exported from Armenia to Sweden were Hair Products ($76.9k), Other Processed Fruits and Nuts ($55.4k), and Processed Tomatoes ($31.4k). During the last 5 years the exports of Armenia to Sweden have decreased at an annualized rate of 13%, from $963k in 2017 to $480k in 2022.

In 2017, Sweden exported $24.2M to Armenia. The main products exported from Sweden to Armenia were Delivery Trucks ($2.63M), Tractors ($2.38M), and Processed Tobacco ($1.76M). During the last 5 years the exports of Sweden to Armenia have decreased at an annualized rate of 4.74%, from $30.8M in 2022 to $24.2M in 2017.

Exports from Armenia () to Sweden () (2022)

Exports from Sweden () to Armenia () (2022)

Latest Data

Trade between Armenia () and Sweden ()

Armenia Exports

Date

Sweden Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Armenia
Top DestinationRussia$2.36B

Sweden
Top DestinationGermany$19.2B

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

In 2022, countries that imported more from Sweden than Armenia included Germany ($19.2B), Norway ($18.7B), and United States ($17.8B).

Difference in imports from Sweden () and Armenia () (2022)

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 2022, Armenia had a large net trade with Sweden in the exports of Foodstuffs ($217k), Chemical Products ($94.6k), and Textiles ($50.9k).

During 2017, Sweden had a large net trade with Armenia in the exports of Transportation ($6.77M), Machines ($5.52M), and Chemical Products ($2.54M).

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.

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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 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 () (2022)

Exports from Sweden () to Armenia () (2022)

Latest Data

Trade between Armenia () and Sweden ()

Armenia Exports

Sweden Exports

Market Competitiveness

Difference in imports from Sweden () and Armenia () (2022)

Comparative Advantage Armenia - Sweden

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Armenia () and Sweden () (2022)

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