Hong Kong (HKG) and Armenia (ARM) Trade | The Observatory of Economic Complexity

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Hong Kong-Armenia Trade: In 2023, Hong Kong exported $148M to Armenia. The main products that Hong Kong exported to Armenia were Diamonds ($130M), Integrated Circuits ($6.08M), and Non-Knit Men's Coats ($1.4M). Over the past 5 years the exports of Hong Kong to Armenia have increased at an annualized rate of 52.7%, from $17.8M in 2018 to $148M in 2023.

In 2023, Hong Kong did not export any services to Armenia.

Armenia-Hong Kong Trade: In 2023, Armenia exported $669M to Hong Kong. The main products that Armenia exported to Hong Kong were Gold ($472M), Platinum ($160M), and Other Precious Metal Products ($6.31M). Over the past 5 years the exports of Armenia to Hong Kong have increased at an annualized rate of 158%, from $5.85M in 2018 to $669M in 2023.

In 2023, Armenia did not export any services to Hong Kong.

Comparison: In 2023, Hong Kong ranked 23 in the Economic Complexity Index (ECI 1.12), and 38 in total exports ($117B). 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, Hong Kong exported $148M to Armenia. The main products exported from Hong Kong to Armenia were Diamonds ($130M), Integrated Circuits ($6.08M), and Non-Knit Men's Coats ($1.4M). During the last 5 years the exports of Hong Kong to Armenia have increased at an annualized rate of 52.7%, from $17.8M in 2018 to $148M in 2023.

In 2018, Armenia exported $669M to Hong Kong. The main products exported from Armenia to Hong Kong were Gold ($472M), Platinum ($160M), and Other Precious Metal Products ($6.31M). During the last 5 years the exports of Armenia to Hong Kong have increased at an annualized rate of 158%, from $5.85M in 2023 to $669M in 2018.

Exports from Hong Kong () to Armenia () (2023)

Exports from Armenia () to Hong Kong () (2023)

Latest Data

Trade between Hong Kong () and Armenia ()

Hong Kong Exports

Date

Armenia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Hong Kong
Top DestinationChina$25.3B

Armenia
Top DestinationRussia$3.38B

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

In 2023, countries that imported more from Hong Kong than Armenia included China ($25.3B), Vietnam ($14.4B), and South Korea ($9.5B).

In 2023, countries that imported more from Armenia than Hong Kong included Russia ($3.38B), Georgia ($340M), and Iraq ($181M).

Difference in imports from Armenia () and Hong Kong () (2023)

Comparative Advantage Hong Kong - Armenia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Hong Kong had a large net trade with Armenia in the exports of Precious Metals ($133M), Machines ($8.01M), and Textiles ($4.19M).

During 2018, Armenia had a large net trade with Hong Kong in the exports of Precious Metals ($649M), Mineral Products ($5.34M), and Metals ($4.96M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Hong Kong Armenia+$2.91MTelephones

Top Product Potential Armenia Hong Kong+$7.6MDiamonds

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

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Historical Data

Bilateral Trade by Products

Exports from Hong Kong () to Armenia () (2023)

Exports from Armenia () to Hong Kong () (2023)

Latest Data

Trade between Hong Kong () and Armenia ()

Hong Kong Exports

Armenia Exports

Market Competitiveness

Difference in imports from Armenia () and Hong Kong () (2023)

Comparative Advantage Hong Kong - Armenia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Hong Kong () and Armenia () (2023)

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