Czechia (CZE) and Armenia (ARM) Trade | The Observatory of Economic Complexity

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Czechia-Armenia Trade: In 2023, Czechia exported $75.7M to Armenia. The main products that Czechia exported to Armenia were Tractors ($9.71M), Broadcasting Equipment ($6.67M), and Cars ($6.1M). Over the past 5 years the exports of Czechia to Armenia have increased at an annualized rate of 8.12%, from $51.2M in 2018 to $75.7M in 2023.

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

Armenia-Czechia Trade: In 2023, Armenia exported $7.6M to Czechia. The main products that Armenia exported to Czechia were Ferroalloys ($4.11M), Aluminium Foil ($536k), and Broadcasting Equipment ($394k). Over the past 5 years the exports of Armenia to Czechia have increased at an annualized rate of 10.7%, from $4.58M in 2018 to $7.6M in 2023.

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

Comparison: In 2023, Czechia ranked 7 in the Economic Complexity Index (ECI 1.6), and 30 in total exports ($224B). 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, Czechia exported $75.7M to Armenia. The main products exported from Czechia to Armenia were Tractors ($9.71M), Broadcasting Equipment ($6.67M), and Cars ($6.1M). During the last 5 years the exports of Czechia to Armenia have increased at an annualized rate of 8.12%, from $51.2M in 2018 to $75.7M in 2023.

In 2018, Armenia exported $7.6M to Czechia. The main products exported from Armenia to Czechia were Ferroalloys ($4.11M), Aluminium Foil ($536k), and Broadcasting Equipment ($394k). During the last 5 years the exports of Armenia to Czechia have increased at an annualized rate of 10.7%, from $4.58M in 2023 to $7.6M in 2018.

Exports from Czechia () to Armenia () (2023)

Exports from Armenia () to Czechia () (2023)

Latest Data

Trade between Czechia () and Armenia ()

Czechia Exports

Date

Armenia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Czechia
Top DestinationGermany$64.2B

Armenia
Top DestinationRussia$3.38B

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

In 2023, countries that imported more from Czechia than Armenia included Germany ($64.2B), Slovakia ($15.8B), and Poland ($13.8B).

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

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

Comparative Advantage Czechia - Armenia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Czechia had a large net trade with Armenia in the exports of Machines ($29.2M), Transportation ($17M), and Chemical Products ($6.77M).

During 2018, Armenia had a large net trade with Czechia in the exports of Metals ($4.65M), Machines ($791k), and Textiles ($698k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Czechia Armenia+$6.62MComputers

Top Product Potential Armenia Czechia+$1.33MFerroalloys

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

About

Historical Data

Bilateral Trade by Products

Exports from Czechia () to Armenia () (2023)

Exports from Armenia () to Czechia () (2023)

Latest Data

Trade between Czechia () and Armenia ()

Czechia Exports

Armenia Exports

Market Competitiveness

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

Comparative Advantage Czechia - Armenia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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