Armenia
ECON COMPLEXITY (2018)
-0.24
RANK 78 OF 137
PRODUCT EXPORTS (2018)
$2.85B
RANK 126 OF 222
EXPORTS PER CAPITA (2018)
$964
RANK 86 OF 219
PRODUCT IMPORTS (2018)
$4.8B
RANK 132 OF 221
IMPORTS PER CAPITA (2018)
$1.63K
RANK 84 of 219
SERVICE EXPORTS (2018)
$1.65B
RANK 61 OF 88
SERVICE IMPORTS (2018)
$1.83B
RANK 61 OF 88
GDP (2018)
$12.4B
CURRENT US$
RANK 135 OF 196
GDP GROWTH (2008-2018)
6.61%
CURRENT US$
RANK 151 OF 196
GDP PC (2018)
$4,212
CURRENT US$
RANK 117 OF 196
GDP PC GROWTH (2008-2018)
5.02%
CURRENT US$
RANK 129 OF 196
Overview: In 2018 Armenia was the number 135 economy in the world in terms of GDP (current US$), the number 126 in total exports, the number 132 in total imports, and the number 78 most complex economy according to the Economic Complexity Index (ECI). In 2018, Armenia exported $2.85B and imported $4.8B, resulting in a negative trade balance of -$1.95B. In 2018, Armenia’s exports per capita were $964 and its imports per capita were $1.63k.
Trade: The top exports of Armenia are Copper Ore ($693M), Gold($344M), Rolled Tobacco ($266M), Ferroalloys ($196M), and Hard Liquor ($195M). The top imports of Armenia are Petroleum Gas($340M), Refined Petroleum ($227M), Diamonds ($175M), Cars ($174M), and Broadcasting Equipment ($140M).
Destinations: Armenia exports mostly to Russia ($661M), Switzerland ($506M), Bulgaria ($215M), Germany ($195M), and Iraq ($151M), and imports mostly from Russia ($1.27B), China ($482M), Georgia ($267M), Iran ($253M), and Germany ($250M).
Location: Armenia borders Azerbaijan, Georgia, Iran, and Turkey by land.
Exports
In 2018 Armenia exported a total of $2.85B, making it the number 126 exporter in the world. During the last five reported years the exports of Armenia have changed by $1.16B from $1.69B in 2013 to $2.85B in 2018.
The most recent exports are led by Copper Ore ($693M), Gold ($344M), Rolled Tobacco ($266M), Ferroalloys ($196M), and Hard Liquor ($195M).
Imports
In 2018 Armenia imported $4.8B, making it the number 132 trade destination in the world. During the last five reported years the imports of Armenia changed by $441M from $4.36B in 2013 to $4.8B in 2018.
The most recent imports of Armenia are led by Petroleum Gas ($340M), Refined Petroleum ($227M), Diamonds ($175M), Cars ($174M), and Broadcasting Equipment ($140M).
Trade Balance
As of 2018 Armenia had a negative trade balance of $1.52B in net imports. As compared to their trade balance in 1995 when they still had a negative trade balance of $99M in net imports.
Destinations
The most common destination for the exports of Armenia are Russia ($661M), Switzerland ($506M), Bulgaria ($215M), Germany ($195M), and Iraq ($151M).
Origins
The most common import partners for Armenia are Russia ($1.27B), China ($482M), Georgia ($267M), Iran ($253M), and Germany ($250M).