Armenia (ARM) and Zimbabwe (ZWE) Trade | The Observatory of Economic Complexity

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Armenia-Zimbabwe Trade: In 2023, Armenia exported $149 to Zimbabwe. The main products that Armenia exported to Zimbabwe were Insulated Wire ($149). Over the past 16 years the exports of Armenia to Zimbabwe have decreased at an annualized rate of 7.17%, from $490 in 2007 to $149 in 2023.

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

Zimbabwe-Armenia Trade: In 2023, Zimbabwe exported $8.13M to Armenia. The main products that Zimbabwe exported to Armenia were Raw Tobacco ($4.16M), Processed Tobacco ($3.94M), and Other Fruits ($11.1k). Over the past 16 years the exports of Zimbabwe to Armenia have decreased at an annualized rate of 15.9%, from $19.3M in 2007 to $8.13M in 2023.

In 2023, Zimbabwe 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, Zimbabwe ranked 110 in the Economic Complexity Index (ECI -0.98), and 106 in total exports ($9.05B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Armenia exported $149 to Zimbabwe. The main products exported from Armenia to Zimbabwe were Insulated Wire ($149). During the last 16 years the exports of Armenia to Zimbabwe have decreased at an annualized rate of 7.17%, from $490 in 2007 to $149 in 2023.

In 2018, Zimbabwe exported $8.13M to Armenia. The main products exported from Zimbabwe to Armenia were Raw Tobacco ($4.16M), Processed Tobacco ($3.94M), and Other Fruits ($11.1k). During the last 5 years the exports of Zimbabwe to Armenia have decreased at an annualized rate of 15.9%, from $19.3M in 2023 to $8.13M in 2018.

Exports from Armenia () to Zimbabwe () (2023)

Exports from Zimbabwe () to Armenia () (2023)

Latest Data

Trade between Armenia () and Zimbabwe ()

Zimbabwe Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Armenia
Top DestinationRussia$3.38B

Zimbabwe
Top DestinationUnited Arab Emirates$4.1B

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

In 2023, countries that imported more from Armenia than Zimbabwe included Russia ($3.38B), Hong Kong ($669M), and Georgia ($340M).

In 2023, countries that imported more from Zimbabwe than Armenia included United Arab Emirates ($4.1B), South Africa ($1.39B), and China ($1.6B).

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

Comparative Advantage Armenia - Zimbabwe

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Armenia had a large net trade with Zimbabwe in the exports of Machines ($149).

During 2018, Zimbabwe had a large net trade with Armenia in the exports of Foodstuffs ($8.1M), Vegetable Products ($13.5k), and Plastics and Rubbers ($9.82k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Armenia Zimbabwe+$2.12kDiamonds

Top Product Potential Zimbabwe Armenia+$124kRaw Tobacco

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

About

Historical Data

Bilateral Trade by Products

Exports from Armenia () to Zimbabwe () (2023)

Exports from Zimbabwe () to Armenia () (2023)

Latest Data

Trade between Armenia () and Zimbabwe ()

Zimbabwe Exports

Market Competitiveness

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

Comparative Advantage Armenia - Zimbabwe

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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