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2023
Flag → Flag
Exports $81.7MRnk 125 / 224
2023
Flag → Flag
Top Product $8.34MTractors
2023
Flag → Flag
Exports $235MRnk 6 / 133
2023
Flag → Flag
Top Product $206MFerroalloys
2023
Flag
Economic Complexity (ECI) ECI 1.08Rnk 26 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.094Rnk 57 / 132
2023
Flag  
GDP$1.15TCURRENT US$
Rnk 17 / 195
2013-2023
Flag
GDP GROWTH30.6%CURRENT US$
Rnk 114 / 195
2023
Flag
 GDP$24.1BCURRENT US$
Rnk 114 / 195
2013-2023
Flag
GDP GROWTH117%CURRENT US$
Rnk 9 / 195
2023
Flag
GDP PC $64,572CURRENT US$
Rnk 17 / 195
2013-2023
Flag
GDP PC GROWTH22.8%CURRENT US$
Rnk 96 / 195
2023
Flag
GDP PC$8,053CURRENT US$
Rnk 96 / 196
2013-2023
Flag
GDP PC GROWTH119%CURRENT US$
Rnk 4 / 195

About

Netherlands-Armenia Trade: In 2023, Netherlands exported $81.7M to Armenia. The main products that Netherlands exported to Armenia were Tractors ($8.34M), Other live plants, cuttings and slips; mushroom spawn ($4.13M), and Vaccines, blood, antisera, toxins and cultures ($4.04M). Over the past 5 years the exports of Netherlands to Armenia have increased at an annualized rate of 5.47%, from $62.6M in 2018 to $81.7M in 2023.

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

Armenia-Netherlands Trade: In 2023, Armenia exported $235M to Netherlands. The main products that Armenia exported to Netherlands were Ferroalloys ($206M), Molybdenum Ore ($13.9M), and Aluminium Foil ($9.58M). Over the past 5 years the exports of Armenia to Netherlands have increased at an annualized rate of 11.9%,  from $134M in 2018 to $235M in 2023.

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

Comparison: In 2023,  Netherlands ranked 26 in the Economic Complexity Index (ECI 1.08), and 9 in total exports ($599B). That same year, Armenia ranked 57 in the Economic Complexity Index (ECI 0.094), and 107 in total exports ($9.02B).

Latest Trends

October, 2024

About

Overview In October 2024, Netherlands exported €8M and imported €1M from Armenia, resulting in a positive trade balance of €7M. Between October 2023 and October 2024 the exports of Netherlands have increased by €6M (300%) from €2M to €8M, while imports remained the same by €0 (0%) from €1M to €1M.

Trade In October 2024, the top exports of Netherlands to Armenia were Crude vegetable materials, n.e.s. (€2M), Agricultural machinery (excluding tractors), and parts... (€1M), and Instruments and appliances, n.e.s., for medical,... (€1M). In October 2024 the top imports of Netherlands from Armenia were Pig-iron, spiegeleisen, sponge iron, iron or... (€15M) and Heating and cooling equipment, and parts... (€1M).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (October 2023 - October 2024)€6M(300%)
IMPORT GROWTH (August 2023 - August 2024)€0(0%)

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

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

For full datasets download visit Bulk Download page.

Explore Armenia and Netherlands Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Netherlands exported $81.7M to Armenia. The main products exported from Netherlands to Armenia were Tractors ($8.34M), Other live plants, cuttings and slips; mushroom spawn ($4.13M), and Vaccines, blood, antisera, toxins and cultures ($4.04M). During the last 5 years the exports of Netherlands to Armenia have increased at an annualized rate of 5.47%, from $62.6M in 2018 to $81.7M in 2023.

In 2018, Armenia exported $235M to Netherlands. The main products exported from Armenia to Netherlands were Ferroalloys ($206M), Molybdenum Ore ($13.9M), and Aluminium Foil ($9.58M). During the last 5 years the exports of Armenia to Netherlands have increased at an annualized rate of 11.9%, from $134M in 2023 to $235M in 2018.

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

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

Market Competitiveness

Color
Netherlands
Top DestinationGermany$96.9B
Armenia
Top DestinationRussia$3.38B

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 2023, countries that imported more from Netherlands than Armenia included Germany ($96.9B), Belgium ($87B), and France ($67.3B).

In 2023, countries that imported more from Armenia than Netherlands included Russia ($3.38B), Botswana ($114M), and Georgia ($340M).

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

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 2023, Netherlands had a large net trade with Armenia in the exports of Transportation ($12.9M), Vegetable Products ($12.6M), and Machines ($12.5M).

During 2018, Armenia had a large net trade with Netherlands in the exports of Metals ($216M), Mineral Products ($13.9M), and Machines ($1.79M).

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) (2023)

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