NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $522MRnk 95 / 220
2023
Flag → Flag
Top Product $111MCars
2023
Flag → Flag
Exports $149MRnk 8 / 133
2023
Flag → Flag
Top Product $58.5MFerroalloys
2023
Flag
Economic Complexity (ECI) ECI 1.79Rnk 5 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.094Rnk 57 / 132
2023
Flag  
GDP$4.53TCURRENT US$
Rnk 3 / 195
2013-2023
Flag
GDP GROWTH18.8%CURRENT US$
Rnk 144 / 195
2023
Flag
 GDP$24.1BCURRENT US$
Rnk 114 / 195
2013-2023
Flag
GDP GROWTH117%CURRENT US$
Rnk 9 / 195
2023
Flag
GDP PC $54,343CURRENT US$
Rnk 21 / 195
2013-2023
Flag
GDP PC GROWTH15.1%CURRENT US$
Rnk 118 / 195
2023
Flag
GDP PC$8,053CURRENT US$
Rnk 96 / 196
2013-2023
Flag
GDP PC GROWTH119%CURRENT US$
Rnk 4 / 195

About

Germany-Armenia Trade: In 2023, Germany exported $522M to Armenia. The main products that Germany exported to Armenia were Cars ($111M), Trailers and semi-trailers, not mechanically propelled vehicles ($26.5M), and Tractors ($21M). Over the past 5 years the exports of Germany to Armenia have increased at an annualized rate of 15.3%, from $256M in 2018 to $522M in 2023.

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

Armenia-Germany Trade: In 2023, Armenia exported $149M to Germany. The main products that Armenia exported to Germany were Ferroalloys ($58.5M), Aluminium Foil ($38.2M), and Non-Knit Men's Suits ($30.3M). Over the past 5 years the exports of Armenia to Germany have decreased at an annualized rate of 5.29%,  from $195M in 2018 to $149M in 2023.

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

Comparison: In 2023,  Germany ranked 5 in the Economic Complexity Index (ECI 1.79), and 3 in total exports ($1.57T). That same year, Armenia ranked 57 in the Economic Complexity Index (ECI 0.094), and 107 in total exports ($9.02B).

Latest Trends

November, 2024

About

Overview In November 2024, Germany exported €46.4M and imported €8.8M from Armenia, resulting in a positive trade balance of €37.6M. Between November 2023 and November 2024 the exports of Germany have increased by €8.84M (23.5%) from €37.6M to €46.4M, while imports decreased by €-2.96M (-25.2%) from €11.8M to €8.8M.

Trade In November 2024, the top exports of Germany to Armenia were Motor cars and motor caravans (€8.52M), Machinery for food, beverage, tobacco production (€3.76M), Office and automatic data processing machines (€1.86M), Other vehicles (€1.6M), and Lorries and special purpose motor vehicles (€1.56M). In November 2024 the top imports of Germany from Armenia were Semi-finished products of aluminium (€5.64M), Ferro-alloys (€3.6M), Apparel of silk, man-made fibres, excl.... (€2.33M), Apparel of cotton, excl. of knitted... (€575k), and Apparel of flax, hemp and others (€177k).

Origins In November 2024 the exports of Germany were mainly from Bavaria (€8.86M), Lower Saxony (€7.26M), North Rhine-Westphalia (€4.8M), Baden-Württemberg (€2.99M), and Rhineland-Pfalz (€1.11M), while imports destinations were mainly North Rhine-Westphalia (€4.18M), Baden-Württemberg (€1.32M), Rhineland-Pfalz (€751k), and Saxony (€406k).

Growth In November 2024, the increase in Germany's year-by-year exports to Armenia was explained primarily by an increase in product exports in Motor cars and motor caravans (€7.2M or 544%), Machinery for food, beverage, tobacco production (€3.73M or 17.8k%), and Office and automatic data processing machines (€1.47M or 378%). In November 2024, the decrease in Germany's year-by-year imports  from Armenia was explained primarily by an decrease in product imports  in Ferro-alloys (€-1.56M or -30.3%), Spirits (€-162k or -64.3%), and Apparel of knitted or crocheted fabrics... (€-23k or -69.7%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)€8.84M(23.5%)
IMPORT GROWTH (November 2023 - November 2024)€-2.96M(-25.2%)
MAIN EXPORTER (November 2024)Bavaria€8.86M

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

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

For full datasets download visit Bulk Download page.

Explore Armenia and Germany Data

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Germany exported $522M to Armenia. The main products exported from Germany to Armenia were Cars ($111M), Trailers and semi-trailers, not mechanically propelled vehicles ($26.5M), and Tractors ($21M). During the last 5 years the exports of Germany to Armenia have increased at an annualized rate of 15.3%, from $256M in 2018 to $522M in 2023.

In 2018, Armenia exported $149M to Germany. The main products exported from Armenia to Germany were Ferroalloys ($58.5M), Aluminium Foil ($38.2M), and Non-Knit Men's Suits ($30.3M). During the last 5 years the exports of Armenia to Germany have decreased at an annualized rate of 5.29%, from $195M in 2023 to $149M in 2018.

Exports from Germany (Flag) to Armenia (Flag) (2023)

Exports from Armenia (Flag) to Germany (Flag) (2023)

Market Competitiveness

Color
Germany
Top DestinationUnited States$157B
Armenia
Top DestinationRussia$3.38B

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

In 2023, countries that imported more from Germany than Armenia included United States ($157B), France ($118B), and Netherlands ($108B).

In 2023, countries that imported more from Armenia than Germany included Botswana ($114M).

Difference in imports from Armenia (Flag) and Germany (Flag) (2023)

Comparative Advantage Germany - Armenia

Flow
Scale

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

During 2023, Germany had a large net trade with Armenia in the exports of Transportation ($177M), Machines ($120M), and Chemical Products ($55.7M).

During 2018, Armenia had a large net trade with Germany in the exports of Metals ($97.6M), Textiles ($40.4M), and Foodstuffs ($3.63M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Germany Armenia+$37.9MCars
Top Product Potential Armenia Germany+$6.96MFerroalloys

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

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

Product Space of Germany (Flag) and Armenia (Flag) (2023)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms