2022
Flag  
GDP
$1.11TCURRENT US$
Rnk 17 / 186
2012-2022
Flag
GDP GROWTH
49.4%CURRENT US$
Rnk 62 / 186
2022
Flag
 GDP
$19.5BCURRENT US$
Rnk 117 / 186
2012-2022
Flag
GDP GROWTH
83.7%CURRENT US$
Rnk 25 / 186
2022
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GDP PC 
$30,436CURRENT US$
Rnk 37 / 186
2012-2022
Flag
GDP PC GROWTH
26.5%CURRENT US$
Rnk 71 / 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

Saudi Arabia-Armenia Trade: In 2022, Saudi Arabia exported $2.83M to Armenia. The main products that Saudi Arabia exported to Armenia were Ethylene Polymers ($1.32M), Propylene Polymers ($1.13M), and Other Processed Vegetables ($181k). Over the past 5 years the exports of Saudi Arabia to Armenia have increased at an annualized rate of 9.58%, from $1.79M in 2017 to $2.83M in 2022.

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

Armenia-Saudi Arabia Trade: 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). Over the past 5 years the exports of Armenia to Saudi Arabia have increased at an annualized rate of 7.85%,  from $738k in 2017 to $1.25M in 2022.

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

Comparison: In 2022,  Saudi Arabia ranked 35 in the Economic Complexity Index (ECI 0.78), and 23 in total exports ($362B). 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, 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 5 years the exports of Saudi Arabia to Armenia have increased at an annualized rate of 9.58%, from $1.79M in 2017 to $2.83M in 2022.

In 2017, 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 5 years the exports of Armenia to Saudi Arabia have increased at an annualized rate of 7.85%, from $738k in 2022 to $1.25M in 2017.

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

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

Latest Data

Trade between Saudi Arabia (Flag) and Armenia (Flag)

Saudi Arabia Exports

Armenia Exports

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 2022, countries that imported more from Saudi Arabia than Armenia included China ($68B), India ($46.2B), and Japan ($36.5B).

In 2022, countries that imported more from Armenia than Saudi Arabia included 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 2017, Armenia had a large net trade with Saudi Arabia in the exports of Metals ($575k), Foodstuffs ($294k), and Textiles ($198k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Saudi Arabia Armenia+$1.46MEthylene Polymers
Top Product Potential Armenia Saudi Arabia+$409kChocolate

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

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

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