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2022
Flag → Flag
Exports $279MRnk 95 / 221
2022
Flag → Flag
Top Product $22.4MAnimal Food
2022
Flag → Flag
Exports $65.8MRnk 17 / 129
2022
Flag → Flag
Top Product $25MNon-Knit Women's Coats
2022
Flag
Economic Complexity (ECI) ECI 1.29Rnk 17 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.00081Rnk 66 / 133
2022
Flag  
GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
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GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 186
2022
Flag
 GDP$19.5BCURRENT US$
Rnk 117 / 186
2012-2022
Flag
GDP GROWTH83.7%CURRENT US$
Rnk 25 / 186
2022
Flag
GDP PC $34,158CURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186
2022
Flag
GDP PC$7,014CURRENT US$
Rnk 91 / 186
2012-2022
Flag
GDP PC GROWTH92.5%CURRENT US$
Rnk 10 / 186

About

Italy-Armenia Trade: In 2022, Italy exported $279M to Armenia. The main products that Italy exported to Armenia were Animal Food ($22.4M), Synthetic Filament Yarn Woven Fabric ($9.75M), and Other Non-Knit Clothing Accessories ($8.84M). Over the past 5 years the exports of Italy to Armenia have increased at an annualized rate of 15.4%, from $136M in 2017 to $279M in 2022.

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

Armenia-Italy Trade: In 2022, Armenia exported $65.8M to Italy. The main products that Armenia exported to Italy were Non-Knit Women's Coats ($25M), Non-Knit Men's Coats ($14.2M), and Aluminium Foil ($12.9M). Over the past 5 years the exports of Armenia to Italy have increased at an annualized rate of 12%,  from $37.3M in 2017 to $65.8M in 2022.

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

Comparison: In 2022,  Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B). That same year, Armenia ranked 66 in the Economic Complexity Index (ECI 0.00081), and 122 in total exports ($5.78B).

Latest Trends

July, 2024

About

Overview In July 2024, Italy exported €8.7M and imported €4.78M from Armenia, resulting in a positive trade balance of €3.92M. Between July 2023 and July 2024 the exports of Italy have increased by €249k (2.95%) from €8.45M to €8.7M, while imports decreased by €-81.5k (-1.68%) from €4.86M to €4.78M.

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)€249k(2.95%)
IMPORT GROWTH (July 2023 - July 2024)€-81.5k(-1.68%)

This section shows exports and imports data at subnational level for Italy. Click any date in the line plot or any product to explore the exports or imports behavior of Italy over time.

To check Armenia and Italy trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Armenia and Italy Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $279M to Armenia. The main products exported from Italy to Armenia were Animal Food ($22.4M), Synthetic Filament Yarn Woven Fabric ($9.75M), and Other Non-Knit Clothing Accessories ($8.84M). During the last 5 years the exports of Italy to Armenia have increased at an annualized rate of 15.4%, from $136M in 2017 to $279M in 2022.

In 2017, Armenia exported $65.8M to Italy. The main products exported from Armenia to Italy were Non-Knit Women's Coats ($25M), Non-Knit Men's Coats ($14.2M), and Aluminium Foil ($12.9M). During the last 5 years the exports of Armenia to Italy have increased at an annualized rate of 12%, from $37.3M in 2022 to $65.8M in 2017.

Exports from Italy (Flag) to Armenia (Flag) (2022)

Exports from Armenia (Flag) to Italy (Flag) (2022)

Market Competitiveness

Color
Italy
Top DestinationGermany$78.5B
Armenia
Top DestinationRussia$2.36B

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

In 2022, countries that imported more from Italy than Armenia included Germany ($78.5B), United States ($68.2B), and France ($63.8B).

In 2022, no countries were registered that imported more from Armenia than from Italy.

Difference in imports from Armenia (Flag) and Italy (Flag) (2022)

Comparative Advantage Italy - Armenia

Flow
Scale

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

During 2022, Italy had a large net trade with Armenia in the exports of Machines ($74.1M), Textiles ($47.7M), and Foodstuffs ($37.3M).

During 2017, Armenia had a large net trade with Italy in the exports of Textiles ($44.4M), Metals ($12.9M), and Arts and Antiques ($2.87M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Armenia+$5.37MCars
Top Product Potential Armenia Italy+$3.34MGold

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

This visualization shows the product space at the HS4 level with the flags of Italy and Armenia. This means that a dot/product with the flag of Italy indicates it has a comparative advantage over Armenia. Similarly, a dot/product with the flag of Armenia indicates it has a comparative advantage over Italy.

Product Space of Italy (Flag) and Armenia (Flag) (2022)

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