2022
Flag  
GDP
$471BCURRENT US$
Rnk 32 / 186
2012-2022
Flag
GDP GROWTH
15.1%CURRENT US$
Rnk 137 / 186
2022
Flag
 GDP
$19.5BCURRENT US$
Rnk 117 / 186
2012-2022
Flag
GDP GROWTH
83.7%CURRENT US$
Rnk 25 / 186
2022
Flag
GDP PC 
$52,131CURRENT US$
Rnk 17 / 186
2012-2022
Flag
GDP PC GROWTH
7.34%CURRENT US$
Rnk 124 / 186
2022
Flag
GDP PC
$7,014CURRENT US$
Rnk 91 / 186
2012-2022
Flag
GDP PC GROWTH
92.5%CURRENT US$
Rnk 10 / 186

About

Austria-Armenia In 2022, Austria exported $37.9M to Armenia. The main products that Austria exported to Armenia are Lifting Machinery ($6.88M), Cigarette Paper ($4.12M), and Flavored Water ($1.89M). During the last 27 years the exports of Austria to Armenia have increased at an annualized rate of 15.8%, from $724k in 1995 to $37.9M in 2022.

In 2022, Austria did not export any services to Armenia.

Armenia-Austria In 2022, Armenia exported $2.21M to Austria. The main products that Armenia exported to Austria were Aluminium Foil ($608k), Knit Women's Coats ($252k), and Light Rubberized Knitted Fabric ($241k). During the last 27 years the exports of Armenia to Austria have increased at an annualized rate of 12.8%, from $85.2k in 1995 to $2.21M in 2022.

In 2022, Armenia did not export any services to Austria.

Comparison In 2022,  Austria ranked 8 in the Economic Complexity Index (ECI 1.48), and 32 in total exports ($209B). That same year, Armenia ranked 74 in the Economic Complexity Index (ECI -0.24), and 122 in total exports ($5.78B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Austria exported $37.9M to Armenia. The main products exported from Austria to Armenia were Lifting Machinery ($6.88M), Cigarette Paper ($4.12M), and Flavored Water ($1.89M). During the last 27 years the exports of Austria to Armenia have increased at an annualized rate of 15.8%, from $724k in 1995 to $37.9M in 2022.

In 2022, Armenia exported $2.21M to Austria. The main products exported from Armenia to Austria were Aluminium Foil ($608k), Knit Women's Coats ($252k), and Light Rubberized Knitted Fabric ($241k). During the last 27 years the exports of Armenia to Austria have increased at an annualized rate of 12.8%, from $85.2k in 1995 to $2.21M in 2022.

Exports from Austria (Flag) to Armenia (Flag) (2022)

Exports from Armenia (Flag) to Austria (Flag) (2022)

Latest Data

Trade between Austria (Flag) and Armenia (Flag)

Austria Exports

Armenia Exports

Market Competitiveness

Color
Austria
Top Destination
Germany$57.7B
Armenia
Top Destination
Russia$2.36B

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

In 2021, countries that imported more from Austria than Armenia were Germany ($57.7B), United States ($14.4B), and Italy ($13.6B).

In 2021, countries that imported more from Armenia than Austria were Russia ($2.36B), Georgia ($260M), and Iraq ($250M).

Difference in imports from Armenia (Flag) and Austria (Flag) (2022)

Comparative Advantage Austria - Armenia

Flow
Scale

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

During 2022, Austria had a large net trade with Armenia in the exports of Machines ($11.8M), Paper Goods ($4.84M), and Foodstuffs ($4.57M).

During 2022, Armenia had a large net trade with Austria in the exports of Textiles ($867k), Metals ($609k), and Transportation ($235k).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Austria has comparative advantage over Armenia. Similarly, the more yellow a dot/product is, the more Armenia has comparative advantage over Austria.

Product Space of Austria (Flag) and Armenia (Flag) (2022)

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