2022
Flag  
GDP
$991BCURRENT US$
Rnk 18 / 186
2012-2022
Flag
GDP GROWTH
18.1%CURRENT US$
Rnk 125 / 186
2022
Flag
 GDP
$19.5BCURRENT US$
Rnk 117 / 186
2012-2022
Flag
GDP GROWTH
83.7%CURRENT US$
Rnk 25 / 186
2022
Flag
GDP PC 
$55,985CURRENT US$
Rnk 12 / 186
2012-2022
Flag
GDP PC GROWTH
11.8%CURRENT US$
Rnk 110 / 186
2022
Flag
GDP PC
$7,014CURRENT US$
Rnk 91 / 186
2012-2022
Flag
GDP PC GROWTH
92.5%CURRENT US$
Rnk 10 / 186

About

Netherlands-Armenia Trade: In 2022, Netherlands exported $92.4M to Armenia. The main products that Netherlands exported to Armenia were Tractors ($6.53M), Other live plants, cuttings and slips; mushroom spawn ($4.6M), and Vaccines, blood, antisera, toxins and cultures ($3.76M). Over the past 5 years the exports of Netherlands to Armenia have increased at an annualized rate of 14.2%, from $47.5M in 2017 to $92.4M in 2022.

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

Armenia-Netherlands Trade: In 2022, Armenia exported $216M to Netherlands. The main products that Armenia exported to Netherlands were Ferroalloys ($198M), Aluminium Foil ($12.8M), and Electric Furnaces ($1.28M). Over the past 5 years the exports of Armenia to Netherlands have increased at an annualized rate of 19.4%,  from $89M in 2017 to $216M in 2022.

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

Comparison: In 2022,  Netherlands ranked 23 in the Economic Complexity Index (ECI 1.11), and 6 in total exports ($674B). 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, Netherlands exported $92.4M to Armenia. The main products exported from Netherlands to Armenia were Tractors ($6.53M), Other live plants, cuttings and slips; mushroom spawn ($4.6M), and Vaccines, blood, antisera, toxins and cultures ($3.76M). During the last 5 years the exports of Netherlands to Armenia have increased at an annualized rate of 14.2%, from $47.5M in 2017 to $92.4M in 2022.

In 2017, Armenia exported $216M to Netherlands. The main products exported from Armenia to Netherlands were Ferroalloys ($198M), Aluminium Foil ($12.8M), and Electric Furnaces ($1.28M). During the last 5 years the exports of Armenia to Netherlands have increased at an annualized rate of 19.4%, from $89M in 2022 to $216M in 2017.

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

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

Market Competitiveness

Color
Netherlands
Top Destination
Germany$131B
Armenia
Top Destination
Russia$2.36B

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

In 2022, countries that imported more from Netherlands than Armenia included Germany ($131B), Belgium ($94.3B), and France ($59.9B).

In 2022, countries that imported more from Armenia than Netherlands included Georgia ($260M).

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

Comparative Advantage Netherlands - Armenia

Flow
Scale

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

During 2022, Netherlands had a large net trade with Armenia in the exports of Machines ($18.3M), Transportation ($13.3M), and Vegetable Products ($10.2M).

During 2017, Armenia had a large net trade with Netherlands in the exports of Metals ($211M), Machines ($1.75M), and Textiles ($1.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Netherlands Armenia+$5.76MRefined Petroleum
Top Product Potential Armenia Netherlands+$1.55MHard Liquor

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

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

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