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Pricing

2022
Flag → Flag
Exports $8.23MRnk 141 / 214
2022
Flag → Flag
Top Product $2.25MDiamonds
2022
Flag → Flag
Exports $1.74MRnk 50 / 129
2022
Flag → Flag
Top Product $702kFerroalloys
2022
Flag
Economic Complexity (ECI) ECI 0.076Rnk 59 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.00081Rnk 66 / 133
2022
Flag  
GDP$406BCURRENT US$
Rnk 37 / 186
2012-2022
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GDP GROWTH-6.57%CURRENT US$
Rnk 171 / 186
2022
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 GDP$19.5BCURRENT US$
Rnk 117 / 186
2012-2022
Flag
GDP GROWTH83.7%CURRENT US$
Rnk 25 / 186
2022
Flag
GDP PC $6,776CURRENT US$
Rnk 95 / 186
2012-2022
Flag
GDP PC GROWTH-17.1%CURRENT US$
Rnk 167 / 186
2022
Flag
GDP PC$7,014CURRENT US$
Rnk 91 / 186
2012-2022
Flag
GDP PC GROWTH92.5%CURRENT US$
Rnk 10 / 186

About

South Africa-Armenia Trade: In 2022, South Africa exported $8.23M to Armenia. The main products that South Africa exported to Armenia were Diamonds ($2.25M), Vaccines, blood, antisera, toxins and cultures ($1.53M), and Raw Tobacco ($910k). Over the past 5 years the exports of South Africa to Armenia have increased at an annualized rate of 3.09%, from $7.07M in 2017 to $8.23M in 2022.

In 2022, South Africa did not export any services to Armenia.

Armenia-South Africa Trade: In 2022, Armenia exported $1.74M to South Africa. The main products that Armenia exported to South Africa were Ferroalloys ($702k), Rubber Tires ($490k), and Excavation Machinery ($338k). Over the past 5 years the exports of Armenia to South Africa have increased at an annualized rate of 46.5%,  from $259k in 2017 to $1.74M in 2022.

In 2022, Armenia did not export any services to South Africa.

Comparison: In 2022,  South Africa ranked 59 in the Economic Complexity Index (ECI 0.076), and 34 in total exports ($147B). That same year, Armenia ranked 66 in the Economic Complexity Index (ECI 0.00081), and 122 in total exports ($5.78B).

Latest Trends

June, 2024

About

Overview In June 2024, South Africa exported ZAR4.32M and imported ZAR82.2k from Armenia, resulting in a positive trade balance of ZAR4.24M. Between June 2023 and June 2024 the exports of South Africa have increased by ZAR1.98M (84.2%) from ZAR2.35M to ZAR4.32M, while imports decreased by ZAR-1.49M (-94.8%) from ZAR1.57M to ZAR82.2k.

Trade In June 2024, the top exports of South Africa to Armenia were Electric Furnaces (ZAR2.53M). In June 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 June 2024 the exports of South Africa were mainly from Port Elizabeth (ZAR3.17M), O.R. Tambo Int Airport (ZAR1.15M), and Cape Town Int Airport (ZAR1.74k), while imports destinations were mainly O.R. Tambo Int Airport (ZAR70k), Cape Town Int Airport (ZAR8.52k), Durban (ZAR2k), and Port Elizabeth (ZAR1.62k).

Growth In June 2024, the increase in South Africa's year-by-year exports to Armenia was explained primarily by an increase in product exports in . In June 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 (June 2023 - June 2024)ZAR1.98M(84.2%)
IMPORT GROWTH (June 2023 - June 2024)ZAR-1.49M(-94.8%)
MAIN EXPORTER (June 2024)Port ElizabethZAR3.17M

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 2022, South Africa exported $8.23M to Armenia. The main products exported from South Africa to Armenia were Diamonds ($2.25M), Vaccines, blood, antisera, toxins and cultures ($1.53M), and Raw Tobacco ($910k). During the last 5 years the exports of South Africa to Armenia have increased at an annualized rate of 3.09%, from $7.07M in 2017 to $8.23M in 2022.

In 2017, Armenia exported $1.74M to South Africa. The main products exported from Armenia to South Africa were Ferroalloys ($702k), Rubber Tires ($490k), and Excavation Machinery ($338k). During the last 5 years the exports of Armenia to South Africa have increased at an annualized rate of 46.5%, from $259k in 2022 to $1.74M in 2017.

Exports from South Africa (Flag) to Armenia (Flag) (2022)

Exports from Armenia (Flag) to South Africa (Flag) (2022)

Market Competitiveness

Color
South Africa
Top DestinationChina$23.4B
Armenia
Top DestinationRussia$2.36B

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 2022, countries that imported more from South Africa than Armenia included China ($23.4B), United States ($10.9B), and Germany ($9.96B).

In 2022, countries that imported more from Armenia than South Africa included Russia ($2.36B), Georgia ($260M), and Iraq ($250M).

Difference in imports from Armenia (Flag) and South Africa (Flag) (2022)

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 2022, South Africa had a large net trade with Armenia in the exports of Precious Metals ($2.25M), Chemical Products ($2.02M), and Vegetable Products ($1.37M).

During 2017, Armenia had a large net trade with South Africa in the exports of Metals ($702k), Plastics and Rubbers ($491k), and Machines ($343k).

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) (2022)

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