Cameroon (CMR) and Armenia (ARM) Trade | The Observatory of Economic Complexity

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Cameroon-Armenia Trade: In 2023, Cameroon exported $172k to Armenia. The main products that Cameroon exported to Armenia were Coffee ($159k), Veneer Sheets ($13.4k), and Motor vehicles; parts and accessories (8701 to 8705) ($92). Over the past 5 years the exports of Cameroon to Armenia have decreased at an annualized rate of 1.33%, from $184k in 2018 to $172k in 2023.

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

Armenia-Cameroon Trade: In 2023, Armenia exported $1.46k to Cameroon. The main products that Armenia exported to Cameroon were N/A. Over the past 5 years the exports of Armenia to Cameroon have decreased at an annualized rate of 25.2%, from $47.4k in 2018 to $1.46k in 2023.

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

Comparison: In 2023, Cameroon ranked 119 in the Economic Complexity Index (ECI -1.2), and 117 in total exports ($6.76B). 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, Cameroon exported $172k to Armenia. The main products exported from Cameroon to Armenia were Coffee ($159k), Veneer Sheets ($13.4k), and Motor vehicles; parts and accessories (8701 to 8705) ($92). During the last 5 years the exports of Cameroon to Armenia have decreased at an annualized rate of 1.33%, from $184k in 2018 to $172k in 2023.

In 2016, Armenia exported $1.46k to Cameroon. There were not main exports from Armenia to Cameroon in 2016. During the last 5 years the exports of Armenia to Cameroon have decreased at an annualized rate of 25.2%, from $47.4k in 2021 to $1.46k in 2016.

Exports from Cameroon () to Armenia () (2023)

Exports from Armenia () to Cameroon () (2023)

Latest Data

Trade between Cameroon () and Armenia ()

Armenia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Cameroon
Top DestinationNetherlands$1.44B

Armenia
Top DestinationRussia$3.38B

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

In 2023, countries that imported more from Cameroon than Armenia included Netherlands ($1.44B), France ($937M), and India ($632M).

In 2023, countries that imported more from Armenia than Cameroon included Russia ($3.38B), United Arab Emirates ($2.25B), and Hong Kong ($669M).

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

Comparative Advantage Cameroon - Armenia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Cameroon had a large net trade with Armenia in the exports of Vegetable Products ($159k), Wood Products ($13.4k), and Transportation ($92).

During 2016, Armenia had a large net trade with Cameroon in the exports of .

Potential Exports

Depth

Section

HS2

HS4

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Top 20

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Highest Potential

Most Saturated

Section

Top Product Potential Cameroon Armenia+$81.6kCoffee

Top Product Potential Armenia Cameroon+$2.14kTelephones

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

About

Historical Data

Bilateral Trade by Products

Exports from Cameroon () to Armenia () (2023)

Exports from Armenia () to Cameroon () (2023)

Latest Data

Trade between Cameroon () and Armenia ()

Armenia Exports

Market Competitiveness

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

Comparative Advantage Cameroon - Armenia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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