2023
Flag  
GDP
$4.2TCURRENT US$
Rnk 4 / 195
2013-2023
Flag
GDP GROWTH
-19.3%CURRENT US$
Rnk 190 / 195
2023
Flag
 GDP
$24.1BCURRENT US$
Rnk 114 / 195
2013-2023
Flag
GDP GROWTH
117%CURRENT US$
Rnk 9 / 195
2023
Flag
GDP PC 
$33,767CURRENT US$
Rnk 38 / 195
2013-2023
Flag
GDP PC GROWTH
-17.4%CURRENT US$
Rnk 176 / 195
2023
Flag
GDP PC
$8,053CURRENT US$
Rnk 96 / 196
2013-2023
Flag
GDP PC GROWTH
119%CURRENT US$
Rnk 4 / 195

About

Japan-Armenia Trade: In 2023, Japan exported $330M to Armenia. The main products that Japan exported to Armenia were Cars ($236M), Large Construction Vehicles ($20.5M), and Delivery Trucks ($19M). Over the past 5 years the exports of Japan to Armenia have increased at an annualized rate of 41.4%, from $58.4M in 2018 to $330M in 2023.

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

Armenia-Japan Trade: In 2023, Armenia exported $30.3M to Japan. The main products that Armenia exported to Japan were Non-Knit Women's Coats ($15.7M), Non-Knit Men's Coats ($9.13M), and Rolled Tobacco ($2.3M). Over the past 5 years the exports of Armenia to Japan have increased at an annualized rate of 13.2%,  from $16.3M in 2018 to $30.3M in 2023.

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

Comparison: In 2023,  Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($766B). 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
Value

In 2023, Japan exported $330M to Armenia. The main products exported from Japan to Armenia were Cars ($236M), Large Construction Vehicles ($20.5M), and Delivery Trucks ($19M). During the last 5 years the exports of Japan to Armenia have increased at an annualized rate of 41.4%, from $58.4M in 2018 to $330M in 2023.

In 2018, Armenia exported $30.3M to Japan. The main products exported from Armenia to Japan were Non-Knit Women's Coats ($15.7M), Non-Knit Men's Coats ($9.13M), and Rolled Tobacco ($2.3M). During the last 5 years the exports of Armenia to Japan have increased at an annualized rate of 13.2%, from $16.3M in 2023 to $30.3M in 2018.

Exports from Japan (Flag) to Armenia (Flag) (2023)

Exports from Armenia (Flag) to Japan (Flag) (2023)

Market Competitiveness

Color
Japan
Top Destination
United States$143B
Armenia
Top Destination
Russia$3.38B

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

In 2023, countries that imported more from Japan than Armenia included United States ($143B), China ($138B), and Chinese Taipei ($43B).

In 2023, countries that imported more from Armenia than Japan included Russia ($3.38B), Belarus ($91.7M), and Botswana ($114M).

Difference in imports from Armenia (Flag) and Japan (Flag) (2023)

Comparative Advantage Japan - Armenia

Flow
Scale

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

During 2023, Japan had a large net trade with Armenia in the exports of Transportation ($264M), Machines ($37.5M), and Instruments ($12.4M).

During 2018, Armenia had a large net trade with Japan in the exports of Textiles ($25.2M), Foodstuffs ($2.4M), and Metals ($1.63M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Japan Armenia+$25.9MCars
Top Product Potential Armenia Japan+$2.68MNon-Knit Men's Coats

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

Product Space of Japan (Flag) and Armenia (Flag) (2023)

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