2022
Flag  
GDP
$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP GROWTH
17%CURRENT US$
Rnk 129 / 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 
$54,966CURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP PC GROWTH
4.36%CURRENT US$
Rnk 130 / 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

Canada-Armenia Trade: In 2022, Canada exported $27.5M to Armenia. The main products that Canada exported to Armenia were Planes, Helicopters, and/or Spacecraft ($8.71M), Cars ($5.06M), and Sausages ($5.04M). Over the past 5 years the exports of Canada to Armenia have increased at an annualized rate of 9.07%, from $17.8M in 2017 to $27.5M in 2022.

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

Armenia-Canada Trade: In 2022, Armenia exported $8.84M to Canada. The main products that Armenia exported to Canada were Non-Knit Women's Coats ($3.38M), Non-Knit Men's Coats ($1.45M), and Aluminium Foil ($790k). Over the past 5 years the exports of Armenia to Canada have decreased at an annualized rate of 9.02%,  from $14.2M in 2017 to $8.84M in 2022.

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

Comparison: In 2022,  Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B). That same year, Armenia ranked 66 in the Economic Complexity Index (ECI 0.00081), and 122 in total exports ($5.78B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Canada exported $27.5M to Armenia. The main products exported from Canada to Armenia were Planes, Helicopters, and/or Spacecraft ($8.71M), Cars ($5.06M), and Sausages ($5.04M). During the last 5 years the exports of Canada to Armenia have increased at an annualized rate of 9.07%, from $17.8M in 2017 to $27.5M in 2022.

In 2017, Armenia exported $8.84M to Canada. The main products exported from Armenia to Canada were Non-Knit Women's Coats ($3.38M), Non-Knit Men's Coats ($1.45M), and Aluminium Foil ($790k). During the last 5 years the exports of Armenia to Canada have decreased at an annualized rate of 9.02%, from $14.2M in 2022 to $8.84M in 2017.

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

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

Market Competitiveness

Color
Canada
Top Destination
United States$438B
Armenia
Top Destination
Russia$2.36B

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

In 2022, countries that imported more from Canada than Armenia included United States ($438B), China ($25.4B), and Japan ($14.3B).

In 2022, countries that imported more from Armenia than Canada included Russia ($2.36B), Georgia ($260M), and Bulgaria ($210M).

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

Comparative Advantage Canada - Armenia

Flow
Scale

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

During 2022, Canada had a large net trade with Armenia in the exports of Transportation ($14M), Foodstuffs ($5.88M), and Animal Products ($1.86M).

During 2017, Armenia had a large net trade with Canada in the exports of Textiles ($5.68M), Metals ($933k), and Foodstuffs ($610k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Canada Armenia+$9.16MCars
Top Product Potential Armenia Canada+$1.37MNon-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 Canada and Armenia. This means that a dot/product with the flag of Canada indicates it has a comparative advantage over Armenia. Similarly, a dot/product with the flag of Armenia indicates it has a comparative advantage over Canada.

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

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