Singapore (SGP) and Armenia (ARM) Trade | The Observatory of Economic Complexity

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Singapore-Armenia Trade: In 2023, Singapore exported $7.06M to Armenia. The main products that Singapore exported to Armenia were Surveying Equipment ($960k), Chemical Analysis Instruments ($917k), and Orthopedic Appliances ($611k). Over the past 5 years the exports of Singapore to Armenia have increased at an annualized rate of 32.2%, from $1.75M in 2018 to $7.06M in 2023.

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

Armenia-Singapore Trade: In 2023, Armenia exported $4.64M to Singapore. The main products that Armenia exported to Singapore were Copper Ore ($2.29M), Electrical Control Boards ($420k), and Non-Knit Women's Coats ($401k). Over the past 5 years the exports of Armenia to Singapore have increased at an annualized rate of 19%, from $1.95M in 2018 to $4.64M in 2023.

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

Comparison: In 2023, Singapore ranked 6 in the Economic Complexity Index (ECI 1.62), and 24 in total exports ($333B). That same year, Armenia ranked 57 in the Economic Complexity Index (ECI 0.094), and 107 in total exports ($9.02B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Singapore exported $7.06M to Armenia. The main products exported from Singapore to Armenia were Surveying Equipment ($960k), Chemical Analysis Instruments ($917k), and Orthopedic Appliances ($611k). During the last 5 years the exports of Singapore to Armenia have increased at an annualized rate of 32.2%, from $1.75M in 2018 to $7.06M in 2023.

In 2018, Armenia exported $4.64M to Singapore. The main products exported from Armenia to Singapore were Copper Ore ($2.29M), Electrical Control Boards ($420k), and Non-Knit Women's Coats ($401k). During the last 5 years the exports of Armenia to Singapore have increased at an annualized rate of 19%, from $1.95M in 2023 to $4.64M in 2018.

Exports from Singapore () to Armenia () (2023)

Exports from Armenia () to Singapore () (2023)

Latest Data

Trade between Singapore () and Armenia ()

Singapore Exports

Date

Armenia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Singapore
Top DestinationHong Kong$44.5B

Armenia
Top DestinationRussia$3.38B

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

In 2023, countries that imported more from Singapore than Armenia included Hong Kong ($44.5B), China ($36.7B), and United States ($32.9B).

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

Difference in imports from Armenia () and Singapore () (2023)

Comparative Advantage Singapore - Armenia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Singapore had a large net trade with Armenia in the exports of Instruments ($3.36M), Machines ($2.21M), and Mineral Products ($609k).

During 2018, Armenia had a large net trade with Singapore in the exports of Mineral Products ($2.29M), Textiles ($836k), and Machines ($612k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Singapore Armenia+$1.56MRefined Petroleum

Top Product Potential Armenia Singapore+N/AN/A

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

Year

This visualization shows the product space at the HS4 level with the flags of Singapore and Armenia. This means that a dot/product with the flag of Singapore indicates it has a comparative advantage over Armenia. Similarly, a dot/product with the flag of Armenia indicates it has a comparative advantage over Singapore.

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Historical Data

Bilateral Trade by Products

Exports from Singapore () to Armenia () (2023)

Exports from Armenia () to Singapore () (2023)

Latest Data

Trade between Singapore () and Armenia ()

Singapore Exports

Armenia Exports

Market Competitiveness

Difference in imports from Armenia () and Singapore () (2023)

Comparative Advantage Singapore - Armenia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Singapore () and Armenia () (2023)

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