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2022
Flag → Flag
Exports $197MRnk 9 / 129
2022
Flag → Flag
Top Product $195MGold
2022
Flag → Flag
Exports $195MRnk 122 / 217
2022
Flag → Flag
Top Product $79.6MDiamonds
2022
Flag
Economic Complexity (ECI) ECI 0.00081Rnk 66 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 133
2022
Flag  
GDP$19.5BCURRENT US$
Rnk 117 / 186
2012-2022
Flag
GDP GROWTH83.7%CURRENT US$
Rnk 25 / 186
2022
Flag
 GDP$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH85.2%CURRENT US$
Rnk 24 / 186
2022
Flag
GDP PC $7,014CURRENT US$
Rnk 91 / 186
2012-2022
Flag
GDP PC GROWTH92.5%CURRENT US$
Rnk 10 / 186
2022
Flag
GDP PC$2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH66.6%CURRENT US$
Rnk 20 / 186

About

Armenia-India Trade: In 2022, Armenia exported $197M to India. The main products that Armenia exported to India were Gold ($195M), Raw Lead ($724k), and Medical Instruments ($619k). Over the past 5 years the exports of Armenia to India have increased at an annualized rate of 123%, from $3.6M in 2017 to $197M in 2022.

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

India-Armenia Trade: In 2022, India exported $195M to Armenia. The main products that India exported to Armenia were Diamonds ($79.6M), Broadcasting Equipment ($29.8M), and Raw Tobacco ($9.05M). Over the past 5 years the exports of India to Armenia have increased at an annualized rate of 31.7%,  from $49.3M in 2017 to $195M in 2022.

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

Comparison: In 2022,  Armenia ranked 66 in the Economic Complexity Index (ECI 0.00081), and 122 in total exports ($5.78B). That same year, India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B).

Historical Data

Latest Data

Trade between Armenia (Flag) and India (Flag)

Armenia Exports

India Exports

Market Competitiveness

Color
Armenia
Top DestinationRussia$2.36B
India
Top DestinationUnited States$82.9B

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

In 2022, countries that imported more from Armenia than India included Belarus ($74.6M) and Georgia ($260M).

In 2022, countries that imported more from India than Armenia included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

Difference in imports from India (Flag) and Armenia (Flag) (2022)

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Armenia India+$55.2MGold
Top Product Potential India Armenia+$18.1MDiamonds

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

Product Space of Armenia (Flag) and India (Flag) (NaN)

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