Australia (AUS) and Armenia (ARM) Trade | The Observatory of Economic Complexity

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Australia-Armenia Trade: In 2023, Australia exported $3.01M to Armenia. The main products that Australia exported to Armenia were Other Nuts ($777k), Orthopedic Appliances ($454k), and Iron Cloth ($211k). Over the past 5 years the exports of Australia to Armenia have decreased at an annualized rate of 2.04%, from $3.34M in 2018 to $3.01M in 2023.

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

Armenia-Australia Trade: In 2023, Armenia exported $2.13M to Australia. The main products that Armenia exported to Australia were Non-Knit Women's Coats ($940k), Non-Knit Men's Coats ($722k), and Non-Knit Women's Suits ($128k). Over the past 5 years the exports of Armenia to Australia have increased at an annualized rate of 14.3%, from $1.09M in 2018 to $2.13M in 2023.

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

Comparison: In 2023, Australia ranked 75 in the Economic Complexity Index (ECI -0.28), and 20 in total exports ($374B). That same year, Armenia ranked 57 in the Economic Complexity Index (ECI 0.094), and 107 in total exports ($9.02B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Australia exported $3.01M to Armenia. The main products exported from Australia to Armenia were Other Nuts ($777k), Orthopedic Appliances ($454k), and Iron Cloth ($211k). During the last 5 years the exports of Australia to Armenia have decreased at an annualized rate of 2.04%, from $3.34M in 2018 to $3.01M in 2023.

In 2018, Armenia exported $2.13M to Australia. The main products exported from Armenia to Australia were Non-Knit Women's Coats ($940k), Non-Knit Men's Coats ($722k), and Non-Knit Women's Suits ($128k). During the last 5 years the exports of Armenia to Australia have increased at an annualized rate of 14.3%, from $1.09M in 2023 to $2.13M in 2018.

Exports from Australia () to Armenia () (2023)

Exports from Armenia () to Australia () (2023)

Latest Data

Trade between Australia () and Armenia ()

Australia Exports

Date

Armenia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Australia
Top DestinationChina$137B

Armenia
Top DestinationRussia$3.38B

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

In 2023, countries that imported more from Australia than Armenia included China ($137B), Japan ($59B), and South Korea ($20.9B).

In 2023, countries that imported more from Armenia than Australia included Russia ($3.38B), Georgia ($340M), and Botswana ($114M).

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

Comparative Advantage Australia - Armenia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Australia had a large net trade with Armenia in the exports of Vegetable Products ($844k), Machines ($572k), and Instruments ($553k).

During 2018, Armenia had a large net trade with Australia in the exports of Textiles ($1.86M), Foodstuffs ($127k), and Instruments ($65.4k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Australia Armenia+$281kOrthopedic Appliances

Top Product Potential Armenia Australia+$655kNon-Knit Women's Coats

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

About

Historical Data

Bilateral Trade by Products

Exports from Australia () to Armenia () (2023)

Exports from Armenia () to Australia () (2023)

Latest Data

Trade between Australia () and Armenia ()

Australia Exports

Armenia Exports

Market Competitiveness

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

Comparative Advantage Australia - Armenia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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