2022
Flag  
GDP
$4.23TCURRENT US$
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2012-2022
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GDP GROWTH
-32.5%CURRENT US$
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2022
Flag
 GDP
$19.5BCURRENT US$
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2012-2022
Flag
GDP GROWTH
83.7%CURRENT US$
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2022
Flag
GDP PC 
$33,815CURRENT US$
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2012-2022
Flag
GDP PC GROWTH
-31.2%CURRENT US$
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2022
Flag
GDP PC
$7,014CURRENT US$
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2012-2022
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GDP PC GROWTH
92.5%CURRENT US$
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About

Japan-Armenia Trade: In 2022, Japan exported $124M to Armenia. The main products that Japan exported to Armenia were Cars ($52.8M), Delivery Trucks ($14.9M), and Large Construction Vehicles ($12.2M). Over the past 5 years the exports of Japan to Armenia have increased at an annualized rate of 26.6%, from $38M in 2017 to $124M in 2022.

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

Armenia-Japan Trade: In 2022, Armenia exported $23.3M to Japan. The main products that Armenia exported to Japan were Non-Knit Women's Coats ($14.8M), Non-Knit Men's Coats ($4.84M), and Raw Aluminium ($2.12M). Over the past 5 years the exports of Armenia to Japan have increased at an annualized rate of 17.9%,  from $10.3M in 2017 to $23.3M in 2022.

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

Comparison: In 2022,  Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($728B). 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
Value

In 2022, Japan exported $124M to Armenia. The main products exported from Japan to Armenia were Cars ($52.8M), Delivery Trucks ($14.9M), and Large Construction Vehicles ($12.2M). During the last 5 years the exports of Japan to Armenia have increased at an annualized rate of 26.6%, from $38M in 2017 to $124M in 2022.

In 2017, Armenia exported $23.3M to Japan. The main products exported from Armenia to Japan were Non-Knit Women's Coats ($14.8M), Non-Knit Men's Coats ($4.84M), and Raw Aluminium ($2.12M). During the last 5 years the exports of Armenia to Japan have increased at an annualized rate of 17.9%, from $10.3M in 2022 to $23.3M in 2017.

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

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

Market Competitiveness

Color
Japan
Top Destination
United States$137B
Armenia
Top Destination
Russia$2.36B

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 2022, countries that imported more from Japan than Armenia included United States ($137B), China ($135B), and South Korea ($50.8B).

In 2022, countries that imported more from Armenia than Japan included Iran ($111M), Belarus ($74.6M), and Syria ($5.64M).

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

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 2022, Japan had a large net trade with Armenia in the exports of Transportation ($73.2M), Machines ($26.2M), and Instruments ($9.03M).

During 2017, Armenia had a large net trade with Japan in the exports of Textiles ($20M), Metals ($2.12M), and Foodstuffs ($626k).

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) (2022)

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