Egypt (EGY) and Armenia (ARM) Trade | The Observatory of Economic Complexity

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Egypt-Armenia Trade: In 2023, Egypt exported $27.8M to Armenia. The main products that Egypt exported to Armenia were Video Displays ($11.5M), Office Machine Parts ($7.3M), and Citrus ($1.66M). Over the past 5 years the exports of Egypt to Armenia have increased at an annualized rate of 33.5%, from $6.55M in 2018 to $27.8M in 2023.

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

Armenia-Egypt Trade: In 2023, Armenia exported $73.8k to Egypt. The main products that Armenia exported to Egypt were Tractors ($14.6k), Rubberworking Machinery ($12.1k), and Electrical Control Boards ($8.7k). Over the past 5 years the exports of Armenia to Egypt have decreased at an annualized rate of 68.6%, from $24.1M in 2018 to $73.8k in 2023.

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

Comparison: In 2023, Egypt ranked 66 in the Economic Complexity Index (ECI -0.11), and 58 in total exports ($51.1B). 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, Egypt exported $27.8M to Armenia. The main products exported from Egypt to Armenia were Video Displays ($11.5M), Office Machine Parts ($7.3M), and Citrus ($1.66M). During the last 5 years the exports of Egypt to Armenia have increased at an annualized rate of 33.5%, from $6.55M in 2018 to $27.8M in 2023.

In 2018, Armenia exported $73.8k to Egypt. The main products exported from Armenia to Egypt were Tractors ($14.6k), Rubberworking Machinery ($12.1k), and Electrical Control Boards ($8.7k). During the last 5 years the exports of Armenia to Egypt have decreased at an annualized rate of 68.6%, from $24.1M in 2023 to $73.8k in 2018.

Exports from Egypt () to Armenia () (2023)

Exports from Armenia () to Egypt () (2023)

Latest Data

Trade between Egypt () and Armenia ()

Egypt Exports

Date

Armenia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Egypt
Top DestinationSaudi Arabia$5.31B

Armenia
Top DestinationRussia$3.38B

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

In 2023, countries that imported more from Egypt than Armenia included Saudi Arabia ($5.31B), Turkey ($4.63B), and Italy ($2.9B).

In 2023, countries that imported more from Armenia than Egypt included Russia ($3.38B), Hong Kong ($669M), and Georgia ($340M).

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

Comparative Advantage Egypt - Armenia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Egypt had a large net trade with Armenia in the exports of Machines ($19M), Vegetable Products ($3.66M), and Textiles ($1.46M).

During 2018, Armenia had a large net trade with Egypt in the exports of Machines ($29k), Textiles ($18k), and Transportation ($17k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Egypt Armenia+$5.33MRefined Petroleum

Top Product Potential Armenia Egypt+$210kRolled Tobacco

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

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Historical Data

Bilateral Trade by Products

Exports from Egypt () to Armenia () (2023)

Exports from Armenia () to Egypt () (2023)

Latest Data

Trade between Egypt () and Armenia ()

Egypt Exports

Armenia Exports

Market Competitiveness

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

Comparative Advantage Egypt - Armenia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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