Uzbekistan (UZB) and Armenia (ARM) Trade | The Observatory of Economic Complexity

About

Uzbekistan-Armenia Trade: In 2023, Uzbekistan exported $47M to Armenia. The main products that Uzbekistan exported to Armenia were Light Rubberized Knitted Fabric ($9.78M), Rolled Tobacco ($9.18M), and Copper Pipes ($5.03M). Over the past 5 years the exports of Uzbekistan to Armenia have increased at an annualized rate of 76.7%, from $2.73M in 2018 to $47M in 2023.

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

Armenia-Uzbekistan Trade: In 2023, Armenia exported $9.97M to Uzbekistan. The main products that Armenia exported to Uzbekistan were Packaged Medicaments ($3.97M), Semiconductor Devices ($1.75M), and Ink ($712k). Over the past 5 years the exports of Armenia to Uzbekistan have increased at an annualized rate of 32.2%, from $2.47M in 2018 to $9.97M in 2023.

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

Comparison: In 2023, Uzbekistan ranked 74 in the Economic Complexity Index (ECI -0.22), and 72 in total exports ($24.3B). 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, Uzbekistan exported $47M to Armenia. The main products exported from Uzbekistan to Armenia were Light Rubberized Knitted Fabric ($9.78M), Rolled Tobacco ($9.18M), and Copper Pipes ($5.03M). During the last 5 years the exports of Uzbekistan to Armenia have increased at an annualized rate of 76.7%, from $2.73M in 2018 to $47M in 2023.

In 2018, Armenia exported $9.97M to Uzbekistan. The main products exported from Armenia to Uzbekistan were Packaged Medicaments ($3.97M), Semiconductor Devices ($1.75M), and Ink ($712k). During the last 5 years the exports of Armenia to Uzbekistan have increased at an annualized rate of 32.2%, from $2.47M in 2023 to $9.97M in 2018.

Exports from Uzbekistan () to Armenia () (2023)

Exports from Armenia () to Uzbekistan () (2023)

Latest Data

Trade between Uzbekistan () and Armenia ()

Uzbekistan Exports

Date

Armenia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Uzbekistan
Top DestinationSwitzerland$8.18B

Armenia
Top DestinationRussia$3.38B

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

In 2023, countries that imported more from Uzbekistan than Armenia included Switzerland ($8.18B), United Kingdom ($2.65B), and Turkey ($1.45B).

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

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

Comparative Advantage Uzbekistan - Armenia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Uzbekistan had a large net trade with Armenia in the exports of Textiles ($18.1M), Foodstuffs ($15M), and Metals ($5.52M).

During 2018, Armenia had a large net trade with Uzbekistan in the exports of Chemical Products ($4.85M), Machines ($2.96M), and Foodstuffs ($1.34M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Uzbekistan Armenia+$184kCoated Flat-Rolled Iron

Top Product Potential Armenia Uzbekistan+$223kPackaged 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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Uzbekistan () to Armenia () (2023)

Exports from Armenia () to Uzbekistan () (2023)

Latest Data

Trade between Uzbekistan () and Armenia ()

Uzbekistan Exports

Armenia Exports

Market Competitiveness

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

Comparative Advantage Uzbekistan - Armenia

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring