Armenia (ARM) and Ukraine (UKR) Trade | The Observatory of Economic Complexity

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Armenia-Ukraine Trade: In 2023, Armenia exported $19.1M to Ukraine. The main products that Armenia exported to Ukraine were Hard Liquor ($8.82M), Ferroalloys ($6.16M), and Packaged Medicaments ($1.09M). Over the past 5 years the exports of Armenia to Ukraine have decreased at an annualized rate of 0.58%, from $19.7M in 2018 to $19.1M in 2023.

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

Ukraine-Armenia Trade: In 2023, Ukraine exported $77.9M to Armenia. The main products that Ukraine exported to Armenia were Poultry Meat ($11.5M), Chocolate ($5.52M), and Baked Goods ($3.97M). Over the past 5 years the exports of Ukraine to Armenia have decreased at an annualized rate of 11.5%, from $144M in 2018 to $77.9M in 2023.

In 2023, Ukraine 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, Ukraine ranked 47 in the Economic Complexity Index (ECI 0.39), and 64 in total exports ($40.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Armenia exported $19.1M to Ukraine. The main products exported from Armenia to Ukraine were Hard Liquor ($8.82M), Ferroalloys ($6.16M), and Packaged Medicaments ($1.09M). During the last 5 years the exports of Armenia to Ukraine have decreased at an annualized rate of 0.58%, from $19.7M in 2018 to $19.1M in 2023.

In 2018, Ukraine exported $77.9M to Armenia. The main products exported from Ukraine to Armenia were Poultry Meat ($11.5M), Chocolate ($5.52M), and Baked Goods ($3.97M). During the last 5 years the exports of Ukraine to Armenia have decreased at an annualized rate of 11.5%, from $144M in 2023 to $77.9M in 2018.

Exports from Armenia () to Ukraine () (2023)

Exports from Ukraine () to Armenia () (2023)

Latest Data

Trade between Armenia () and Ukraine ()

Armenia Exports

Date

Ukraine Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Armenia
Top DestinationRussia$3.38B

Ukraine
Top DestinationPoland$4.83B

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

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

In 2023, countries that imported more from Ukraine than Armenia included Poland ($4.83B), Romania ($3.56B), and Turkey ($2.88B).

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

Comparative Advantage Armenia - Ukraine

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Armenia had a large net trade with Ukraine in the exports of Foodstuffs ($9.68M), Metals ($6.28M), and Chemical Products ($1.5M).

During 2018, Ukraine had a large net trade with Armenia in the exports of Foodstuffs ($23.8M), Animal Products ($15.4M), and Machines ($14.7M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Armenia Ukraine+$790kRolled Tobacco

Top Product Potential Ukraine Armenia+$530kHot-Rolled Iron

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

About

Historical Data

Bilateral Trade by Products

Exports from Armenia () to Ukraine () (2023)

Exports from Ukraine () to Armenia () (2023)

Latest Data

Trade between Armenia () and Ukraine ()

Armenia Exports

Ukraine Exports

Market Competitiveness

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

Comparative Advantage Armenia - Ukraine

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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