Ukraine (UKR) and Armenia (ARM) Trade | The Observatory of Economic Complexity

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Ukraine-Armenia Trade: In 2023, Ukraine exported $77.9M to Armenia. The main products that Ukraine exported to Armenia were Poultry Meat ($11.5M), Chocolate ($5.52M), and Baked Goods ($3.97M). Over the past 5 years the exports of Ukraine to Armenia have decreased at an annualized rate of 11.5%, from $144M in 2018 to $77.9M in 2023.

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

Armenia-Ukraine Trade: In 2023, Armenia exported $19.1M to Ukraine. The main products that Armenia exported to Ukraine were Hard Liquor ($8.82M), Ferroalloys ($6.16M), and Packaged Medicaments ($1.09M). Over the past 5 years the exports of Armenia to Ukraine have decreased at an annualized rate of 0.58%, from $19.7M in 2018 to $19.1M in 2023.

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

Comparison: In 2023, Ukraine ranked 47 in the Economic Complexity Index (ECI 0.39), and 64 in total exports ($40.3B). 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, Ukraine exported $77.9M to Armenia. The main products exported from Ukraine to Armenia were Poultry Meat ($11.5M), Chocolate ($5.52M), and Baked Goods ($3.97M). During the last 5 years the exports of Ukraine to Armenia have decreased at an annualized rate of 11.5%, from $144M in 2018 to $77.9M in 2023.

In 2018, Armenia exported $19.1M to Ukraine. The main products exported from Armenia to Ukraine were Hard Liquor ($8.82M), Ferroalloys ($6.16M), and Packaged Medicaments ($1.09M). During the last 5 years the exports of Armenia to Ukraine have decreased at an annualized rate of 0.58%, from $19.7M in 2023 to $19.1M in 2018.

Exports from Ukraine () to Armenia () (2023)

Exports from Armenia () to Ukraine () (2023)

Latest Data

Trade between Ukraine () and Armenia ()

Ukraine Exports

Date

Armenia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Ukraine
Top DestinationPoland$4.83B

Armenia
Top DestinationRussia$3.38B

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

In 2023, countries that imported more from Ukraine than Armenia included Poland ($4.83B), Romania ($3.56B), and Turkey ($2.88B).

In 2023, countries that imported more from Armenia than Ukraine included Russia ($3.38B), United Arab Emirates ($2.25B), and Hong Kong ($669M).

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

Comparative Advantage Ukraine - Armenia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Ukraine had a large net trade with Armenia in the exports of Foodstuffs ($23.8M), Animal Products ($15.4M), and Machines ($14.7M).

During 2018, Armenia had a large net trade with Ukraine in the exports of Foodstuffs ($9.68M), Metals ($6.28M), and Chemical Products ($1.5M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Ukraine Armenia+$530kHot-Rolled Iron

Top Product Potential Armenia Ukraine+$790kRolled Tobacco

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

About

Historical Data

Bilateral Trade by Products

Exports from Ukraine () to Armenia () (2023)

Exports from Armenia () to Ukraine () (2023)

Latest Data

Trade between Ukraine () and Armenia ()

Ukraine Exports

Armenia Exports

Market Competitiveness

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

Comparative Advantage Ukraine - Armenia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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