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2022
Flag → Flag
Exports $2.45BRnk 32 / 138
2022
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Top Product $417MPetroleum Gas
2022
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Exports $2.36BRnk 1 / 129
2022
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Top Product $247MBroadcasting Equipment
2022
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Economic Complexity (ECI) ECI 0.43Rnk 47 / 133
2022
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Economic Complexity (ECI) ECI 0.00081Rnk 66 / 133
2022
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GDP$2.24TCURRENT US$
Rnk 8 / 186
2012-2022
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GDP GROWTH1.45%CURRENT US$
Rnk 164 / 186
2022
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 GDP$19.5BCURRENT US$
Rnk 117 / 186
2012-2022
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GDP GROWTH83.7%CURRENT US$
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2022
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GDP PC $15,345CURRENT US$
Rnk 63 / 186
2012-2022
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GDP PC GROWTH-0.49%CURRENT US$
Rnk 145 / 186
2022
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GDP PC$7,014CURRENT US$
Rnk 91 / 186
2012-2022
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GDP PC GROWTH92.5%CURRENT US$
Rnk 10 / 186

About

Russia-Armenia Trade: In 2022, Russia exported $2.45B to Armenia. The main products that Russia exported to Armenia were Petroleum Gas ($417M), Refined Petroleum ($374M), and Gold ($209M). Over the past 5 years the exports of Russia to Armenia have increased at an annualized rate of 14.3%, from $1.25B in 2017 to $2.45B in 2022.

In 2020, Russia exported services to Armenia worth $246M, with Travel ($118M), Transportation ($48.1M), and Other business services ($26.6M) being the largest in terms of value.

Armenia-Russia Trade: In 2022, Armenia exported $2.36B to Russia. The main products that Armenia exported to Russia were Broadcasting Equipment ($247M), Cars ($237M), and Hard Liquor ($236M). Over the past 5 years the exports of Armenia to Russia have increased at an annualized rate of 32.8%,  from $572M in 2017 to $2.36B in 2022.

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

Comparison: In 2022,  Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B). That same year, Armenia ranked 66 in the Economic Complexity Index (ECI 0.00081), and 122 in total exports ($5.78B).

Latest Trends

January, 2022

About

Overview In January 2022, Russia exported $154M and imported $54.3M from Armenia, resulting in a positive trade balance of $99.6M. Between January 2021 and January 2022 the exports of Russia have increased by $48.8M (46.4%) from $105M to $154M, while imports increased by $21.7M (66.4%) from $32.7M to $54.3M.

Trade In January 2022, the top exports of Russia to Armenia were Commodities not elsewhere specified ($51.2M), Refined Petroleum ($5.09M), Buses ($3.83M), Tractors ($2.75M), and Gold ($2.52M). In January 2022 the top imports of Russia from Armenia were Diamonds ($8.92M), Hard Liquor ($5.79M), Tomatoes ($2.19M), Scrap Copper ($1.08M), and Non-fillet Fresh Fish ($1.01M).

Origins In January 2022 the exports of Russia were mainly from MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($92.5M), MOSCOW REGION ($13.8M), VOLGOGRAD REGION ($8.23M), ST. PETERSBURG ($6.65M), and REPUBLIC OF NORTH OSSETIA ? ALANIA ($5.66M), while imports destinations were mainly MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($31.9M), MOSCOW REGION ($7.67M), KRASNODAR TERRITORY ($3.93M), ST. PETERSBURG ($2.46M), and REPUBLIC OF BASHKORTOSTAN ($1.25M).

Growth In January 2022, the increase in Russia's year-by-year exports to Armenia was explained primarily by an increase in product exports in Buses ($3.76M or 5.32k%), Trailers and semi-trailers, not mechanically propelled... ($1.69M or 30.5k%), and Commodities not elsewhere specified ($1.42M or 2.84%). In January 2022, the increase in Russia's year-by-year imports  from Armenia was explained primarily by an increase in product imports  in Tomatoes ($877k or 66.6%), Rolled Tobacco ($612k or 167%), and Apples and Pears ($476k or 1.57k%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (January 2021 - January 2022)$48.8M(46.4%)
IMPORT GROWTH (January 2021 - January 2022)$21.7M(66.4%)
MAIN EXPORTER (January 2022)MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION$92.5M

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

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

For full datasets download visit Bulk Download page.

Explore Armenia and Russia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Russia exported $2.45B to Armenia. The main products exported from Russia to Armenia were Petroleum Gas ($417M), Refined Petroleum ($374M), and Gold ($209M). During the last 5 years the exports of Russia to Armenia have increased at an annualized rate of 14.3%, from $1.25B in 2017 to $2.45B in 2022.

In 2017, Armenia exported $2.36B to Russia. The main products exported from Armenia to Russia were Broadcasting Equipment ($247M), Cars ($237M), and Hard Liquor ($236M). During the last 5 years the exports of Armenia to Russia have increased at an annualized rate of 32.8%, from $572M in 2022 to $2.36B in 2017.

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

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

Market Competitiveness

Color
Russia
Top DestinationChina$101B
Armenia
Top DestinationRussia$2.36B

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

In 2022, countries that imported more from Russia than Armenia included China ($101B), India ($40.4B), and Germany ($27.7B).

In 2022, countries that imported more from Armenia than Russia included Iraq ($250M), Iran ($111M), and Belarus ($74.6M).

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

Comparative Advantage Russia - Armenia

Flow
Scale

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

During 2022, Russia had a large net trade with Armenia in the exports of Mineral Products ($796M), Precious Metals ($396M), and Metals ($232M).

During 2017, Armenia had a large net trade with Russia in the exports of Machines ($625M), Foodstuffs ($409M), and Transportation ($294M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Russia Armenia+$1.1MNitrogenous Fertilizers
Top Product Potential Armenia Russia+$2.99MPackaged Medicaments

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

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

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