Colombia (COL) and Armenia (ARM) Trade | The Observatory of Economic Complexity

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Colombia-Armenia Trade: In 2022, Colombia exported $1.8M to Armenia. The main products that Colombia exported to Armenia were Medical Instruments ($597k), Plastic Lids ($571k), and Coffee ($356k). Over the past 5 years the exports of Colombia to Armenia have increased at an annualized rate of 35.1%, from $400k in 2017 to $1.8M in 2022.

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

Armenia-Colombia Trade: In 2022, Armenia exported $433k to Colombia. The main products that Armenia exported to Colombia were Centrifuges ($400k), Non-Knit Men's Coats ($18.4k), and Non-Knit Men's Suits ($5.6k). Over the past 5 years the exports of Armenia to Colombia have increased at an annualized rate of 63.6%, from $37k in 2017 to $433k in 2022.

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

Comparison: In 2022, Colombia ranked 58 in the Economic Complexity Index (ECI 0.11), and 53 in total exports ($60.3B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Colombia exported $1.8M to Armenia. The main products exported from Colombia to Armenia were Medical Instruments ($597k), Plastic Lids ($571k), and Coffee ($356k). During the last 5 years the exports of Colombia to Armenia have increased at an annualized rate of 35.1%, from $400k in 2017 to $1.8M in 2022.

In 2017, Armenia exported $433k to Colombia. The main products exported from Armenia to Colombia were Centrifuges ($400k), Non-Knit Men's Coats ($18.4k), and Non-Knit Men's Suits ($5.6k). During the last 5 years the exports of Armenia to Colombia have increased at an annualized rate of 63.6%, from $37k in 2022 to $433k in 2017.

Exports from Colombia () to Armenia () (2022)

Exports from Armenia () to Colombia () (2022)

Latest Data

Trade between Colombia () and Armenia ()

Colombia Exports

Date

Armenia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Colombia
Top DestinationUnited States$15.6B

Armenia
Top DestinationRussia$2.36B

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

In 2022, countries that imported more from Colombia than Armenia included United States ($15.6B), Panama ($5.84B), and Netherlands ($3.67B).

In 2022, countries that imported more from Armenia than Colombia included Russia ($2.36B), United Arab Emirates ($535M), and Georgia ($260M).

Difference in imports from Armenia () and Colombia () (2022)

Comparative Advantage Colombia - Armenia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Colombia had a large net trade with Armenia in the exports of Instruments ($597k), Plastics and Rubbers ($574k), and Vegetable Products ($448k).

During 2017, Armenia had a large net trade with Colombia in the exports of Machines ($400k), Textiles ($27.2k), and Plastics and Rubbers ($4.55k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Colombia Armenia+$557kCoffee

Top Product Potential Armenia Colombia+$186kCentrifuges

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

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Historical Data

Bilateral Trade by Products

Exports from Colombia () to Armenia () (2022)

Exports from Armenia () to Colombia () (2022)

Latest Data

Trade between Colombia () and Armenia ()

Colombia Exports

Armenia Exports

Market Competitiveness

Difference in imports from Armenia () and Colombia () (2022)

Comparative Advantage Colombia - Armenia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Colombia () and Armenia () (2022)

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