2022
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GDP
$1.11TCURRENT US$
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2012-2022
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GDP GROWTH
49.4%CURRENT US$
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2022
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 GDP
$19.5BCURRENT US$
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2012-2022
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GDP GROWTH
83.7%CURRENT US$
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2022
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GDP PC 
$30,436CURRENT US$
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2012-2022
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GDP PC GROWTH
26.5%CURRENT US$
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2022
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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

Saudi Arabia-Armenia In 2022, Saudi Arabia exported $2.83M to Armenia. The main products that Saudi Arabia exported to Armenia are Ethylene Polymers ($1.32M), Propylene Polymers ($1.13M), and Other Processed Vegetables ($181k). During the last 26 years the exports of Saudi Arabia to Armenia have increased at an annualized rate of 9.62%, from $260k in 1996 to $2.83M in 2022.

In 2022, Saudi Arabia did not export any services to Armenia.

Armenia-Saudi Arabia In 2022, Armenia exported $1.25M to Saudi Arabia. The main products that Armenia exported to Saudi Arabia were Aluminium Structures ($493k), Chocolate ($204k), and House Linens ($164k). During the last 26 years the exports of Armenia to Saudi Arabia have increased at an annualized rate of 7.5%, from $191k in 1996 to $1.25M in 2022.

In 2022, Armenia did not export any services to Saudi Arabia.

Comparison In 2022,  Saudi Arabia ranked 34 in the Economic Complexity Index (ECI 0.78), and 23 in total exports ($362B). That same year, Armenia ranked 74 in the Economic Complexity Index (ECI -0.24), and 122 in total exports ($5.78B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Saudi Arabia exported $2.83M to Armenia. The main products exported from Saudi Arabia to Armenia were Ethylene Polymers ($1.32M), Propylene Polymers ($1.13M), and Other Processed Vegetables ($181k). During the last 26 years the exports of Saudi Arabia to Armenia have increased at an annualized rate of 9.62%, from $260k in 1996 to $2.83M in 2022.

In 2022, Armenia exported $1.25M to Saudi Arabia. The main products exported from Armenia to Saudi Arabia were Aluminium Structures ($493k), Chocolate ($204k), and House Linens ($164k). During the last 27 years the exports of Armenia to Saudi Arabia have increased at an annualized rate of 7.5%, from $191k in 1995 to $1.25M in 2022.

Exports from Saudi Arabia (Flag) to Armenia (Flag) (2022)

Exports from Armenia (Flag) to Saudi Arabia (Flag) (2022)

Market Competitiveness

Color
Saudi Arabia
Top Destination
China$68B
Armenia
Top Destination
Russia$2.36B

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

In 2021, countries that imported more from Saudi Arabia than Armenia were China ($68B), India ($46.2B), and Japan ($36.5B).

In 2021, countries that imported more from Armenia than Saudi Arabia were Russia ($2.36B), Georgia ($260M), and Iraq ($250M).

Difference in imports from Armenia (Flag) and Saudi Arabia (Flag) (2022)

Comparative Advantage Saudi Arabia - Armenia

Flow
Scale

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

During 2022, Saudi Arabia had a large net trade with Armenia in the exports of Plastics and Rubbers ($2.45M), Foodstuffs ($234k), and Vegetable Products ($86.9k).

During 2022, Armenia had a large net trade with Saudi Arabia in the exports of Metals ($575k), Foodstuffs ($294k), and Textiles ($198k).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Saudi Arabia has comparative advantage over Armenia. Similarly, the more yellow a dot/product is, the more Armenia has comparative advantage over Saudi Arabia.

Product Space of Saudi Arabia (Flag) and Armenia (Flag) (2022)

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