Zimbabwe (ZWE) and Armenia (ARM) Trade | The Observatory of Economic Complexity

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Zimbabwe-Armenia Trade: In 2022, Zimbabwe exported $5.32M to Armenia. The main products that Zimbabwe exported to Armenia were Raw Tobacco ($3.59M), Processed Tobacco ($1.73M), and Liquid Dispersing Machines ($604). Over the past 5 years the exports of Zimbabwe to Armenia have decreased at an annualized rate of 14.3%, from $11.5M in 2017 to $5.32M in 2022.

In 2022, Zimbabwe did not export any services to Armenia.

Armenia-Zimbabwe In N/A, Armenia did not export any products to Zimbabwe.

In 2022, Armenia did not export any services to Zimbabwe.

Comparison: In 2022, Zimbabwe ranked 99 in the Economic Complexity Index (ECI -0.74), and 109 in total exports ($8.41B). That same year, Armenia ranked 66 in the Economic Complexity Index (ECI 0.00081), and 122 in total exports ($5.78B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Zimbabwe exported $5.32M to Armenia. The main products exported from Zimbabwe to Armenia were Raw Tobacco ($3.59M), Processed Tobacco ($1.73M), and Liquid Dispersing Machines ($604). During the last 5 years the exports of Zimbabwe to Armenia have decreased at an annualized rate of 14.3%, from $11.5M in 2017 to $5.32M in 2022.

Armenia does not register exports to Zimbabwe. The main products exported from Armenia to Zimbabwe were Other Construction Vehicles ($25.1k), Interchangeable Tool Parts ($750), and Rubber Pipes ($646).

Exports from Zimbabwe () to Armenia () (2022)

Exports from Armenia () to Zimbabwe () (2022)

Latest Data

Trade between Zimbabwe () and Armenia ()

Zimbabwe Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Zimbabwe
Top DestinationUnited Arab Emirates$4.78B

Armenia
Top DestinationRussia$2.36B

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

In 2022, countries that imported more from Zimbabwe than Armenia included United Arab Emirates ($4.78B), South Africa ($1.47B), and Belgium ($297M).

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

Difference in imports from Armenia () and Zimbabwe () (2022)

Comparative Advantage Zimbabwe - Armenia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Zimbabwe had a large net trade with Armenia in the exports of Foodstuffs ($5.32M), Machines ($604), and Metals ($59).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Zimbabwe Armenia+$124kRaw Tobacco

Top Product Potential Armenia Zimbabwe+$2.12kDiamonds

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

About

Historical Data

Bilateral Trade by Products

Exports from Zimbabwe () to Armenia () (2022)

Exports from Armenia () to Zimbabwe () (2022)

Latest Data

Trade between Zimbabwe () and Armenia ()

Zimbabwe Exports

Market Competitiveness

Difference in imports from Armenia () and Zimbabwe () (2022)

Comparative Advantage Zimbabwe - Armenia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Zimbabwe () and Armenia () (2022)

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