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2022
Flag → Flag
Exports $84.2MRnk 13 / 129
2022
Flag → Flag
Top Product $28.7MJewellery
2022
Flag → Flag
Exports $294MRnk 121 / 219
2022
Flag → Flag
Top Product $129MCars
2022
Flag
Economic Complexity (ECI) ECI 0.00081Rnk 66 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.47Rnk 10 / 133
2022
Flag  
GDP$19.5BCURRENT US$
Rnk 117 / 186
2012-2022
Flag
GDP GROWTH83.7%CURRENT US$
Rnk 25 / 186
2022
Flag
 GDP$25.5TCURRENT US$
Rnk 1 / 186
2012-2022
Flag
GDP GROWTH56.7%CURRENT US$
Rnk 45 / 186
2022
Flag
GDP PC $7,014CURRENT US$
Rnk 91 / 186
2012-2022
Flag
GDP PC GROWTH92.5%CURRENT US$
Rnk 10 / 186
2022
Flag
GDP PC$76,399CURRENT US$
Rnk 8 / 186
2012-2022
Flag
GDP PC GROWTH47.5%CURRENT US$
Rnk 39 / 186

About

Armenia-United States Trade: In 2022, Armenia exported $84.2M to United States. The main products that Armenia exported to United States were Jewellery ($28.7M), Semiconductor Devices ($12.8M), and Hard Liquor ($6.97M). Over the past 5 years the exports of Armenia to United States have increased at an annualized rate of 4.44%, from $67.8M in 2017 to $84.2M in 2022.

In 2022, Armenia did not export any services to United States.

United States-Armenia Trade: In 2022, United States exported $294M to Armenia. The main products that United States exported to Armenia were Cars ($129M), Motor vehicles; parts and accessories (8701 to 8705) ($17.1M), and Computers ($15.8M). Over the past 5 years the exports of United States to Armenia have increased at an annualized rate of 22.7%,  from $106M in 2017 to $294M in 2022.

In 2022, United States 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, United States ranked 10 in the Economic Complexity Index (ECI 1.47), and 2 in total exports ($1.95T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Armenia exported $84.2M to United States. The main products exported from Armenia to United States were Jewellery ($28.7M), Semiconductor Devices ($12.8M), and Hard Liquor ($6.97M). During the last 5 years the exports of Armenia to United States have increased at an annualized rate of 4.44%, from $67.8M in 2017 to $84.2M in 2022.

In 2017, United States exported $294M to Armenia. The main products exported from United States to Armenia were Cars ($129M), Motor vehicles; parts and accessories (8701 to 8705) ($17.1M), and Computers ($15.8M). During the last 5 years the exports of United States to Armenia have increased at an annualized rate of 22.7%, from $106M in 2022 to $294M in 2017.

Exports from Armenia (Flag) to United States (Flag) (2022)

Exports from United States (Flag) to Armenia (Flag) (2022)

Latest Data

Trade between Armenia (Flag) and United States (Flag)

Armenia Exports

United States Exports

Market Competitiveness

Color
Armenia
Top DestinationRussia$2.36B
United States
Top DestinationCanada$308B

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

In 2022, countries that imported more from Armenia than United States included Russia ($2.36B), Iran ($111M), and Belarus ($74.6M).

In 2022, countries that imported more from United States than Armenia included Canada ($308B), Mexico ($294B), and China ($151B).

Difference in imports from United States (Flag) and Armenia (Flag) (2022)

Comparative Advantage Armenia - United States

Flow
Scale

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

During 2022, Armenia had a large net trade with United States in the exports of Precious Metals ($35.8M), Foodstuffs ($21.4M), and Machines ($13.2M).

During 2017, United States had a large net trade with Armenia in the exports of Transportation ($156M), Machines ($46.8M), and Chemical Products ($31.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Armenia United States+$15.8MJewellery
Top Product Potential United States Armenia+$14.7MCars

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

Product Space of Armenia (Flag) and United States (Flag) (2022)

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