2022
Flag  
GDP
$301BCURRENT US$
Rnk 44 / 186
2012-2022
Flag
GDP GROWTH
68.2%CURRENT US$
Rnk 30 / 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 
$15,892CURRENT US$
Rnk 60 / 186
2012-2022
Flag
GDP PC GROWTH
77.9%CURRENT US$
Rnk 16 / 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

Romania-Armenia Trade: In 2022, Romania exported $24.7M to Armenia. The main products that Romania exported to Armenia were Soybean Meal ($3.28M), Planes, Helicopters, and/or Spacecraft ($3M), and Refined Petroleum ($1.91M). Over the past 5 years the exports of Romania to Armenia have increased at an annualized rate of 24.8%, from $8.14M in 2017 to $24.7M in 2022.

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

Armenia-Romania Trade: In 2022, Armenia exported $233k to Romania. The main products that Armenia exported to Romania were Hard Liquor ($105k), Rolled Tobacco ($45.1k), and Building Stone ($16.7k). Over the past 5 years the exports of Armenia to Romania have decreased at an annualized rate of 42.6%,  from $3.75M in 2017 to $233k in 2022.

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

Comparison: In 2022,  Romania ranked 26 in the Economic Complexity Index (ECI 1.03), and 43 in total exports ($99.5B). That same year, Armenia ranked 66 in the Economic Complexity Index (ECI 0.00081), and 122 in total exports ($5.78B).

Historical Data

Latest Data

Trade between Romania (Flag) and Armenia (Flag)

Romania Exports

Armenia Exports

Market Competitiveness

Color
Romania
Top Destination
Germany$18.8B
Armenia
Top Destination
Russia$2.36B

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

In 2022, countries that imported more from Romania than Armenia included Germany ($18.8B), Italy ($9.55B), and Hungary ($6.75B).

In 2022, countries that imported more from Armenia than Romania included Russia ($2.36B), Iraq ($250M), and Belarus ($74.6M).

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

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Romania Armenia+$3.59MRefined Petroleum
Top Product Potential Armenia Romania+$336kHard 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 Romania and Armenia. This means that a dot/product with the flag of Romania indicates it has a comparative advantage over Armenia. Similarly, a dot/product with the flag of Armenia indicates it has a comparative advantage over Romania.

Product Space of Romania (Flag) and Armenia (Flag) (NaN)

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