Indonesia (IDN) and Armenia (ARM) Trade | The Observatory of Economic Complexity

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Indonesia-Armenia Trade: In 2022, Indonesia exported $30M to Armenia. The main products that Indonesia exported to Armenia were Coffee ($16.8M), Raw Plastic Sheeting ($1.73M), and Cars ($1.03M). Over the past 5 years the exports of Indonesia to Armenia have increased at an annualized rate of 8.58%, from $19.9M in 2017 to $30M in 2022.

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

Armenia-Indonesia Trade: In 2022, Armenia exported $375k to Indonesia. The main products that Armenia exported to Indonesia were Raw Aluminium ($308k), Raw Plastic Sheeting ($33.8k), and Fishing and Hunting Equipment ($15.1k). Over the past 5 years the exports of Armenia to Indonesia have increased at an annualized rate of 28.3%, from $108k in 2017 to $375k in 2022.

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

Comparison: In 2022, Indonesia ranked 67 in the Economic Complexity Index (ECI -0.012), and 26 in total exports ($320B). 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, Indonesia exported $30M to Armenia. The main products exported from Indonesia to Armenia were Coffee ($16.8M), Raw Plastic Sheeting ($1.73M), and Cars ($1.03M). During the last 5 years the exports of Indonesia to Armenia have increased at an annualized rate of 8.58%, from $19.9M in 2017 to $30M in 2022.

In 2017, Armenia exported $375k to Indonesia. The main products exported from Armenia to Indonesia were Raw Aluminium ($308k), Raw Plastic Sheeting ($33.8k), and Fishing and Hunting Equipment ($15.1k). During the last 5 years the exports of Armenia to Indonesia have increased at an annualized rate of 28.3%, from $108k in 2022 to $375k in 2017.

Exports from Indonesia () to Armenia () (2022)

Exports from Armenia () to Indonesia () (2022)

Latest Data

Trade between Indonesia () and Armenia ()

Indonesia Exports

Date

Armenia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Indonesia
Top DestinationChina$67.7B

Armenia
Top DestinationRussia$2.36B

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

In 2022, countries that imported more from Indonesia than Armenia included China ($67.7B), United States ($31.6B), and Japan ($26.6B).

In 2022, countries that imported more from Armenia than Indonesia included Russia ($2.36B), Georgia ($260M), and Belarus ($74.6M).

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

Comparative Advantage Indonesia - Armenia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Indonesia had a large net trade with Armenia in the exports of Vegetable Products ($16.9M), Machines ($3.17M), and Paper Goods ($2.56M).

During 2017, Armenia had a large net trade with Indonesia in the exports of Metals ($308k), Plastics and Rubbers ($36.6k), and Miscellaneous ($17.7k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Indonesia Armenia+$2.14MCars

Top Product Potential Armenia Indonesia+$352kRaw Aluminium

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

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Historical Data

Bilateral Trade by Products

Exports from Indonesia () to Armenia () (2022)

Exports from Armenia () to Indonesia () (2022)

Latest Data

Trade between Indonesia () and Armenia ()

Indonesia Exports

Armenia Exports

Market Competitiveness

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

Comparative Advantage Indonesia - Armenia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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