Ethiopia (ETH) and Armenia (ARM) Trade | The Observatory of Economic Complexity

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Ethiopia-Armenia Trade: In 2022, Ethiopia exported $1.05M to Armenia. The main products that Ethiopia exported to Armenia were N/A. Over the past 5 years the exports of Ethiopia to Armenia have increased at an annualized rate of 25.5%, from $336k in 2017 to $1.05M in 2022.

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

Armenia-Ethiopia Trade: In 2022, Armenia exported $3.78k to Ethiopia. The main products that Armenia exported to Ethiopia were N/A. Over the past 5 years the exports of Armenia to Ethiopia have decreased at an annualized rate of 12.6%, from $7.4k in 2017 to $3.78k in 2022.

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

Comparison: In 2022, Ethiopia ranked 98 in the Economic Complexity Index (ECI -0.72), and 134 in total exports ($4.24B). 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, Ethiopia exported $1.05M to Armenia. There were not main exports from Ethiopia to Armenia in 2022. During the last 5 years the exports of Ethiopia to Armenia have increased at an annualized rate of 25.5%, from $336k in 2017 to $1.05M in 2022.

In 2016, Armenia exported $3.78k to Ethiopia. There were not main exports from Armenia to Ethiopia in 2016. During the last 5 years the exports of Armenia to Ethiopia have decreased at an annualized rate of 12.6%, from $7.4k in 2021 to $3.78k in 2016.

Exports from Ethiopia () to Armenia () (2022)

Exports from Armenia () to Ethiopia () (2022)

Latest Data

Trade between Ethiopia () and Armenia ()

Ethiopia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Ethiopia
Top DestinationUnited Arab Emirates$723M

Armenia
Top DestinationRussia$2.36B

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

In 2022, countries that imported more from Ethiopia than Armenia included United States ($557M), Saudi Arabia ($268M), and Somalia ($265M).

In 2022, countries that imported more from Armenia than Ethiopia included Russia ($2.36B), Georgia ($260M), and Iraq ($250M).

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

Comparative Advantage Ethiopia - Armenia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Ethiopia had a large net trade with Armenia in the exports of Vegetable Products ($1.02M), Textiles ($27.5k), and Foodstuffs ($540).

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

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Ethiopia Armenia+$983kCoffee

Top Product Potential Armenia Ethiopia+$2.87kCars

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

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Historical Data

Bilateral Trade by Products

Exports from Ethiopia () to Armenia () (2022)

Exports from Armenia () to Ethiopia () (2022)

Latest Data

Trade between Ethiopia () and Armenia ()

Ethiopia Exports

Market Competitiveness

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

Comparative Advantage Ethiopia - Armenia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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