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2023
Flag → Flag
Exports $8.52MRnk 142 / 211
2023
Flag → Flag
Top Product $2.24MDiamonds
2023
Flag → Flag
Exports $41.4kRnk 102 / 133
2023
Flag → Flag
Top Product $7.34kNon-Knit Men's Coats
2023
Flag
Economic Complexity (ECI) ECI 0.07Rnk 59 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.094Rnk 57 / 132
2023
Flag  
GDP$381BCURRENT US$
Rnk 40 / 195
2013-2023
Flag
GDP GROWTH-5.04%CURRENT US$
Rnk 177 / 195
2023
Flag
 GDP$24.1BCURRENT US$
Rnk 114 / 195
2013-2023
Flag
GDP GROWTH117%CURRENT US$
Rnk 9 / 195
2023
Flag
GDP PC $6,023CURRENT US$
Rnk 113 / 195
2013-2023
Flag
GDP PC GROWTH-17.9%CURRENT US$
Rnk 178 / 195
2023
Flag
GDP PC$8,053CURRENT US$
Rnk 96 / 196
2013-2023
Flag
GDP PC GROWTH119%CURRENT US$
Rnk 4 / 195

About

South Africa-Armenia Trade: In 2023, South Africa exported $8.52M to Armenia. The main products that South Africa exported to Armenia were Diamonds ($2.24M), Citrus ($1.38M), and Cars ($1.28M). Over the past 5 years the exports of South Africa to Armenia have decreased at an annualized rate of 7.47%, from $12.6M in 2018 to $8.52M in 2023.

In 2023, South Africa did not export any services to Armenia.

Armenia-South Africa Trade: In 2023, Armenia exported $41.4k to South Africa. The main products that Armenia exported to South Africa were Non-Knit Men's Coats ($7.34k), Optical Fibers and optical fibre bundles ($6.39k), and Motor vehicles; parts and accessories (8701 to 8705) ($3.98k). Over the past 5 years the exports of Armenia to South Africa have decreased at an annualized rate of 12.6%,  from $81.1k in 2018 to $41.4k in 2023.

In 2023, Armenia did not export any services to South Africa.

Comparison: In 2023,  South Africa ranked 59 in the Economic Complexity Index (ECI 0.07), and 34 in total exports ($154B). That same year, Armenia ranked 57 in the Economic Complexity Index (ECI 0.094), and 107 in total exports ($9.02B).

Latest Trends

November, 2024

About

Overview In November 2024, South Africa exported ZAR3.26M and imported ZAR119k from Armenia, resulting in a positive trade balance of ZAR3.14M. Between November 2023 and November 2024 the exports of South Africa have increased by ZAR3.02M (1.24k%) from ZAR243k to ZAR3.26M, while imports decreased by ZAR-1.02M (-89.6%) from ZAR1.14M to ZAR119k.

Trade In November 2024, the top exports of South Africa to Armenia were Electric Furnaces (ZAR2.53M). In November 2024 the top imports of South Africa from Armenia were Motor vehicles; parts and accessories (8701... (ZAR39.1k), Low-voltage Protection Equipment (ZAR28.8k), Thermostats (ZAR11.3k), Ball Bearings (ZAR8.17k), and Halogenated Hydrocarbons (ZAR5.59k).

Origins In November 2024 the exports of South Africa were mainly from O.R. Tambo Int Airport (ZAR3.23M) and Cape Town Int Airport (ZAR26.7k), while imports destinations were mainly O.R. Tambo Int Airport (ZAR119k), Cape Town Int Airport (ZAR233), and Port Elizabeth (ZAR190).

Growth In November 2024, the increase in South Africa's year-by-year exports to Armenia was explained primarily by an increase in product exports in . In November 2024, the decrease in South Africa's year-by-year imports  from Armenia was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)ZAR3.02M(1.24k%)
IMPORT GROWTH (November 2023 - November 2024)ZAR-1.02M(-89.6%)
MAIN EXPORTER (November 2024)O.R. Tambo Int AirportZAR3.23M

This section shows exports and imports data at subnational level for South Africa. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of South Africa over time.

To check Armenia and South Africa trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Armenia and South Africa Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, South Africa exported $8.52M to Armenia. The main products exported from South Africa to Armenia were Diamonds ($2.24M), Citrus ($1.38M), and Cars ($1.28M). During the last 5 years the exports of South Africa to Armenia have decreased at an annualized rate of 7.47%, from $12.6M in 2018 to $8.52M in 2023.

In 2018, Armenia exported $41.4k to South Africa. The main products exported from Armenia to South Africa were Non-Knit Men's Coats ($7.34k), Optical Fibers and optical fibre bundles ($6.39k), and Motor vehicles; parts and accessories (8701 to 8705) ($3.98k). During the last 5 years the exports of Armenia to South Africa have decreased at an annualized rate of 12.6%, from $81.1k in 2023 to $41.4k in 2018.

Exports from South Africa (Flag) to Armenia (Flag) (2023)

Exports from Armenia (Flag) to South Africa (Flag) (2023)

Market Competitiveness

Color
South Africa
Top DestinationChina$29.5B
Armenia
Top DestinationRussia$3.38B

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

In 2023, countries that imported more from South Africa than Armenia included China ($29.5B), United States ($13B), and India ($10.8B).

In 2023, countries that imported more from Armenia than South Africa included Russia ($3.38B), Georgia ($340M), and Iraq ($181M).

Difference in imports from Armenia (Flag) and South Africa (Flag) (2023)

Comparative Advantage South Africa - Armenia

Flow
Scale

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

During 2023, South Africa had a large net trade with Armenia in the exports of Vegetable Products ($2.36M), Precious Metals ($2.24M), and Transportation ($1.38M).

During 2018, Armenia had a large net trade with South Africa in the exports of Textiles ($15.8k), Machines ($8.58k), and Transportation ($7.58k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Africa Armenia+$2.77MDiamonds
Top Product Potential Armenia South Africa+$708kFerroalloys

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

Product Space of South Africa (Flag) and Armenia (Flag) (2023)

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