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Pricing

2022
Flag → Flag
Exports $55.1MRnk 127 / 223
2022
Flag → Flag
Top Product $34.9MRaw Sugar
2022
Flag → Flag
Exports $598kRnk 63 / 129
2022
Flag → Flag
Top Product $285kGas Turbines
2022
Flag
Economic Complexity (ECI) ECI 0.36Rnk 49 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.00081Rnk 66 / 133
2022
Flag  
GDP$1.92TCURRENT US$
Rnk 11 / 186
2012-2022
Flag
GDP GROWTH-22.1%CURRENT US$
Rnk 180 / 186
2022
Flag
 GDP$19.5BCURRENT US$
Rnk 117 / 186
2012-2022
Flag
GDP GROWTH83.7%CURRENT US$
Rnk 25 / 186
2022
Flag
GDP PC $8,918CURRENT US$
Rnk 82 / 186
2012-2022
Flag
GDP PC GROWTH-27.7%CURRENT US$
Rnk 177 / 186
2022
Flag
GDP PC$7,014CURRENT US$
Rnk 91 / 186
2012-2022
Flag
GDP PC GROWTH92.5%CURRENT US$
Rnk 10 / 186

About

Brazil-Armenia Trade: In 2022, Brazil exported $55.1M to Armenia. The main products that Brazil exported to Armenia were Raw Sugar ($34.9M), Poultry Meat ($3.11M), and Pig Meat ($3M). Over the past 5 years the exports of Brazil to Armenia have decreased at an annualized rate of 0.42%, from $56.3M in 2017 to $55.1M in 2022.

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

Armenia-Brazil Trade: In 2022, Armenia exported $598k to Brazil. The main products that Armenia exported to Brazil were Gas Turbines ($285k), Non-Knit Women's Coats ($168k), and Non-Knit Men's Coats ($91.3k). Over the past 5 years the exports of Armenia to Brazil have increased at an annualized rate of 31.2%,  from $154k in 2017 to $598k in 2022.

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

Comparison: In 2022,  Brazil ranked 49 in the Economic Complexity Index (ECI 0.36), and 25 in total exports ($341B). That same year, Armenia ranked 66 in the Economic Complexity Index (ECI 0.00081), and 122 in total exports ($5.78B).

Latest Trends

October, 2024

About

Overview In October 2024, Brazil exported $135k and imported $3.21k from Armenia, resulting in a positive trade balance of $132k. Between October 2023 and October 2024 the exports of Brazil have decreased by $-1.46M (-91.5%) from $1.59M to $135k, while imports decreased by $-18.4k (-85.2%) from $21.6k to $3.21k.

Trade In October 2024, the top exports of Brazil to Armenia were Raw Tobacco ($150k), Medical Instruments ($128k), Pig Meat ($86.6k), Confectionery Sugar ($33.6k), and Computers ($26.6k). In October 2024 the top imports of Brazil from Armenia were .

Origins In October 2024 the exports of Brazil were mainly from Minas Gerais ($69.2k), Paraná ($48.7k), Rio de Janeiro ($9.98k), and São Paulo ($7.04k), while imports destinations were mainly São Paulo ($2.6k), Minas Gerais ($555), and Rio Grande do Sul ($52).

Growth In October 2024, the decrease in Brazil's year-by-year exports to Armenia was explained primarily by an decrease in product exports in . In October 2024, the decrease in Brazil's year-by-year imports  from Armenia was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)$-1.46M(-91.5%)
IMPORT GROWTH (October 2023 - October 2024)$-18.4k(-85.2%)
MAIN EXPORTER (October 2024)Minas Gerais$69.2k

This section shows exports and imports data at subnational level for Brazil. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Brazil over time.

To check Armenia and Brazil trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Armenia and Brazil Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Brazil exported $55.1M to Armenia. The main products exported from Brazil to Armenia were Raw Sugar ($34.9M), Poultry Meat ($3.11M), and Pig Meat ($3M). During the last 5 years the exports of Brazil to Armenia have decreased at an annualized rate of 0.42%, from $56.3M in 2017 to $55.1M in 2022.

In 2017, Armenia exported $598k to Brazil. The main products exported from Armenia to Brazil were Gas Turbines ($285k), Non-Knit Women's Coats ($168k), and Non-Knit Men's Coats ($91.3k). During the last 5 years the exports of Armenia to Brazil have increased at an annualized rate of 31.2%, from $154k in 2022 to $598k in 2017.

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

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

Market Competitiveness

Color
Brazil
Top DestinationChina$90.1B
Armenia
Top DestinationRussia$2.36B

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

In 2022, countries that imported more from Brazil than Armenia included China ($90.1B), United States ($36.6B), and Argentina ($15.4B).

In 2022, countries that imported more from Armenia than Brazil included Russia ($2.36B), Belarus ($74.6M), and Turkmenistan ($15.5M).

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

Comparative Advantage Brazil - Armenia

Flow
Scale

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

During 2022, Brazil had a large net trade with Armenia in the exports of Foodstuffs ($41.1M), Animal Products ($7.46M), and Machines ($2.64M).

During 2017, Armenia had a large net trade with Brazil in the exports of Machines ($290k), Textiles ($264k), and Instruments ($21.1k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Brazil Armenia+$1.99MPoultry Meat
Top Product Potential Armenia Brazil+$276kNon-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

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

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

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