2023
Flag  
GDP
$24.1BCURRENT US$
Rnk 114 / 195
2013-2023
Flag
GDP GROWTH
117%CURRENT US$
Rnk 9 / 195
2023
Flag
 GDP
$102BCURRENT US$
Rnk 70 / 195
2013-2023
Flag
GDP GROWTH
38.8%CURRENT US$
Rnk 95 / 195
2023
Flag
GDP PC 
$8,053CURRENT US$
Rnk 96 / 195
2013-2023
Flag
GDP PC GROWTH
119%CURRENT US$
Rnk 4 / 195
2023
Flag
GDP PC
$2,850CURRENT US$
Rnk 144 / 196
2013-2023
Flag
GDP PC GROWTH
15.7%CURRENT US$
Rnk 116 / 195

About

Armenia-Uzbekistan Trade: In 2023, Armenia exported $9.97M to Uzbekistan. The main products that Armenia exported to Uzbekistan were Packaged Medicaments ($3.97M), Semiconductor Devices ($1.75M), and Ink ($712k). Over the past 5 years the exports of Armenia to Uzbekistan have increased at an annualized rate of 32.2%, from $2.47M in 2018 to $9.97M in 2023.

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

Uzbekistan-Armenia Trade: In 2023, Uzbekistan exported $47M to Armenia. The main products that Uzbekistan exported to Armenia were Light Rubberized Knitted Fabric ($9.78M), Rolled Tobacco ($9.18M), and Copper Pipes ($5.03M). Over the past 5 years the exports of Uzbekistan to Armenia have increased at an annualized rate of 76.7%,  from $2.73M in 2018 to $47M in 2023.

In 2023, Uzbekistan 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, Uzbekistan ranked 74 in the Economic Complexity Index (ECI -0.22), and 72 in total exports ($24.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Armenia exported $9.97M to Uzbekistan. The main products exported from Armenia to Uzbekistan were Packaged Medicaments ($3.97M), Semiconductor Devices ($1.75M), and Ink ($712k). During the last 5 years the exports of Armenia to Uzbekistan have increased at an annualized rate of 32.2%, from $2.47M in 2018 to $9.97M in 2023.

In 2018, Uzbekistan exported $47M to Armenia. The main products exported from Uzbekistan to Armenia were Light Rubberized Knitted Fabric ($9.78M), Rolled Tobacco ($9.18M), and Copper Pipes ($5.03M). During the last 5 years the exports of Uzbekistan to Armenia have increased at an annualized rate of 76.7%, from $2.73M in 2023 to $47M in 2018.

Exports from Armenia (Flag) to Uzbekistan (Flag) (2023)

Exports from Uzbekistan (Flag) to Armenia (Flag) (2023)

Latest Data

Trade between Armenia (Flag) and Uzbekistan (Flag)

Armenia Exports

Uzbekistan Exports

Market Competitiveness

Color
Armenia
Top Destination
Russia$3.38B
Uzbekistan
Top Destination
Switzerland$8.18B

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

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

In 2023, countries that imported more from Uzbekistan than Armenia included Switzerland ($8.18B), United Kingdom ($2.65B), and Turkey ($1.45B).

Difference in imports from Uzbekistan (Flag) and Armenia (Flag) (2023)

Comparative Advantage Armenia - Uzbekistan

Flow
Scale

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

During 2023, Armenia had a large net trade with Uzbekistan in the exports of Chemical Products ($4.85M), Machines ($2.96M), and Foodstuffs ($1.34M).

During 2018, Uzbekistan had a large net trade with Armenia in the exports of Textiles ($18.1M), Foodstuffs ($15M), and Metals ($5.52M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Armenia Uzbekistan+$223kPackaged Medicaments
Top Product Potential Uzbekistan Armenia+$184kCoated Flat-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

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

Product Space of Armenia (Flag) and Uzbekistan (Flag) (2023)

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