Armenia (ARM) and South Africa (ZAF) Trade | The Observatory of Economic Complexity

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Armenia-South Africa Trade: In 2023, Armenia exported $41.4k to South Africa. The main products that Armenia exported to South Africa were Non-Knit Men's Coats ($7.34k), Optical Fibers and optical fibre bundles ($6.39k), and Motor vehicles; parts and accessories (8701 to 8705) ($3.98k). Over the past 5 years the exports of Armenia to South Africa have decreased at an annualized rate of 12.6%, from $81.1k in 2018 to $41.4k in 2023.

In 2023, Armenia did not export any services to South Africa.

South Africa-Armenia Trade: In 2023, South Africa exported $8.52M to Armenia. The main products that South Africa exported to Armenia were Diamonds ($2.24M), Citrus ($1.38M), and Cars ($1.28M). Over the past 5 years the exports of South Africa to Armenia have decreased at an annualized rate of 7.47%, from $12.6M in 2018 to $8.52M in 2023.

In 2023, South Africa 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, South Africa ranked 59 in the Economic Complexity Index (ECI 0.07), and 34 in total exports ($154B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Armenia exported $41.4k to South Africa. The main products exported from Armenia to South Africa were Non-Knit Men's Coats ($7.34k), Optical Fibers and optical fibre bundles ($6.39k), and Motor vehicles; parts and accessories (8701 to 8705) ($3.98k). During the last 5 years the exports of Armenia to South Africa have decreased at an annualized rate of 12.6%, from $81.1k in 2018 to $41.4k in 2023.

In 2018, South Africa exported $8.52M to Armenia. The main products exported from South Africa to Armenia were Diamonds ($2.24M), Citrus ($1.38M), and Cars ($1.28M). During the last 5 years the exports of South Africa to Armenia have decreased at an annualized rate of 7.47%, from $12.6M in 2023 to $8.52M in 2018.

Exports from Armenia () to South Africa () (2023)

Exports from South Africa () to Armenia () (2023)

Latest Data

Trade between Armenia () and South Africa ()

Armenia Exports

Date

South Africa Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Armenia
Top DestinationRussia$3.38B

South Africa
Top DestinationChina$29.5B

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

In 2023, countries that imported more from Armenia than South Africa included Russia ($3.38B), Georgia ($340M), and Iraq ($181M).

In 2023, countries that imported more from South Africa than Armenia included China ($29.5B), United States ($13B), and India ($10.8B).

Difference in imports from South Africa () and Armenia () (2023)

Comparative Advantage Armenia - South Africa

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Armenia had a large net trade with South Africa in the exports of Textiles ($15.8k), Machines ($8.58k), and Transportation ($7.58k).

During 2018, South Africa had a large net trade with Armenia in the exports of Vegetable Products ($2.36M), Precious Metals ($2.24M), and Transportation ($1.38M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Armenia South Africa+$708kFerroalloys

Top Product Potential South Africa Armenia+$2.77MDiamonds

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

About

Historical Data

Bilateral Trade by Products

Exports from Armenia () to South Africa () (2023)

Exports from South Africa () to Armenia () (2023)

Latest Data

Trade between Armenia () and South Africa ()

Armenia Exports

South Africa Exports

Market Competitiveness

Difference in imports from South Africa () and Armenia () (2023)

Comparative Advantage Armenia - South Africa

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Armenia () and South Africa () (2023)

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