Israel (ISR) and Armenia (ARM) Trade | The Observatory of Economic Complexity

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Israel-Armenia Trade: In 2023, Israel exported $18.7M to Armenia. The main products that Israel exported to Armenia were Diamonds ($4.72M), Fruit Juice ($2.16M), and Precious Stones ($1.55M). Over the past 5 years the exports of Israel to Armenia have increased at an annualized rate of 10.7%, from $11.2M in 2018 to $18.7M in 2023.

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

Armenia-Israel Trade: In 2023, Armenia exported $9.68M to Israel. The main products that Armenia exported to Israel were Diamonds ($7.02M), Hard Liquor ($538k), and Sawn Wood ($347k). Over the past 5 years the exports of Armenia to Israel have increased at an annualized rate of 1.57%, from $8.16M in 2018 to $9.68M in 2023.

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

Comparison: In 2023, Israel ranked 19 in the Economic Complexity Index (ECI 1.28), and 49 in total exports ($69.3B). 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, Israel exported $18.7M to Armenia. The main products exported from Israel to Armenia were Diamonds ($4.72M), Fruit Juice ($2.16M), and Precious Stones ($1.55M). During the last 5 years the exports of Israel to Armenia have increased at an annualized rate of 10.7%, from $11.2M in 2018 to $18.7M in 2023.

In 2018, Armenia exported $9.68M to Israel. The main products exported from Armenia to Israel were Diamonds ($7.02M), Hard Liquor ($538k), and Sawn Wood ($347k). During the last 5 years the exports of Armenia to Israel have increased at an annualized rate of 1.57%, from $8.16M in 2023 to $9.68M in 2018.

Exports from Israel () to Armenia () (2023)

Exports from Armenia () to Israel () (2023)

Latest Data

Trade between Israel () and Armenia ()

Israel Exports

Date

Armenia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Israel
Top DestinationUnited States$20.3B

Armenia
Top DestinationRussia$3.38B

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

In 2023, countries that imported more from Israel than Armenia included United States ($20.3B), China ($7.09B), and Ireland ($4.22B).

In 2023, countries that imported more from Armenia than Israel included Russia ($3.38B), United Arab Emirates ($2.25B), and Georgia ($340M).

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

Comparative Advantage Israel - Armenia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Israel had a large net trade with Armenia in the exports of Precious Metals ($6.64M), Foodstuffs ($2.37M), and Chemical Products ($2.2M).

During 2018, Armenia had a large net trade with Israel in the exports of Precious Metals ($7.22M), Foodstuffs ($1.51M), and Wood Products ($372k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Israel Armenia+$5.33MDiamonds

Top Product Potential Armenia Israel+$8.09MDiamonds

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

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Historical Data

Bilateral Trade by Products

Exports from Israel () to Armenia () (2023)

Exports from Armenia () to Israel () (2023)

Latest Data

Trade between Israel () and Armenia ()

Israel Exports

Armenia Exports

Market Competitiveness

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

Comparative Advantage Israel - Armenia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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