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Pricing

2022
Flag → Flag
Exports $4.88kRnk 115 / 129
2022
Flag → Flag
Top Product $2.67kUnpackaged Medicaments
2022
Flag → Flag
Exports $244Rnk 165 / 173
2022
Flag → Flag
Top Product $153Grapes
2022
Flag
Economic Complexity (ECI) ECI 0.00081Rnk 66 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.63Rnk 94 / 133
2022
Flag  
GDP$19.5BCURRENT US$
Rnk 117 / 186
2012-2022
Flag
GDP GROWTH83.7%CURRENT US$
Rnk 25 / 186
2022
Flag
 GDP$12.6BCURRENT US$
Rnk 141 / 186
2012-2022
Flag
GDP GROWTH-3.33%CURRENT US$
Rnk 168 / 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$4,911CURRENT US$
Rnk 113 / 186
2012-2022
Flag
GDP PC GROWTH-18.4%CURRENT US$
Rnk 170 / 186

About

Armenia-Namibia Trade: In 2022, Armenia exported $4.88k to Namibia. The main products that Armenia exported to Namibia were Unpackaged Medicaments ($2.67k) and Packaged Medicaments ($2.21k). Over the past 11 years the exports of Armenia to Namibia have decreased at an annualized rate of 1.84%, from $5.99k in 2011 to $4.88k in 2022.

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

Namibia-Armenia Trade: In 2022, Namibia exported $244 to Armenia. The main products that Namibia exported to Armenia were Grapes ($153), Gaskets ($41), and Leather Footwear ($34). Over the past 11 years the exports of Namibia to Armenia have decreased at an annualized rate of 64.9%,  from $45.7k in 2011 to $244 in 2022.

In 2022, Namibia 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, Namibia ranked 94 in the Economic Complexity Index (ECI -0.63), and 121 in total exports ($6.18B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Armenia exported $4.88k to Namibia. The main products exported from Armenia to Namibia were Unpackaged Medicaments ($2.67k) and Packaged Medicaments ($2.21k). During the last 11 years the exports of Armenia to Namibia have decreased at an annualized rate of 1.84%, from $5.99k in 2011 to $4.88k in 2022.

In 2017, Namibia exported $244 to Armenia. The main products exported from Namibia to Armenia were Grapes ($153), Gaskets ($41), and Leather Footwear ($34). During the last 5 years the exports of Namibia to Armenia have decreased at an annualized rate of 64.9%, from $45.7k in 2022 to $244 in 2017.

Exports from Armenia (Flag) to Namibia (Flag) (2022)

Exports from Namibia (Flag) to Armenia (Flag) (2022)

Latest Data

Trade between Armenia (Flag) and Namibia (Flag)

Armenia Exports

Date

Namibia Exports

Date

Market Competitiveness

Color
Armenia
Top DestinationRussia$2.36B
Namibia
Top DestinationSouth Africa$1.75B

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

In 2022, countries that imported more from Armenia than Namibia included Russia ($2.36B), United Arab Emirates ($535M), and Georgia ($260M).

In 2022, countries that imported more from Namibia than Armenia included South Africa ($1.75B), Botswana ($672M), and Zambia ($279M).

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

Comparative Advantage Armenia - Namibia

Flow
Scale

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

During 2022, Armenia had a large net trade with Namibia in the exports of Chemical Products ($4.88k).

During 2017, Namibia had a large net trade with Armenia in the exports of Vegetable Products ($153), Machines ($41), and Footwear and Headwear ($34).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Armenia Namibia+$8.52kPackaged Medicaments
Top Product Potential Namibia Armenia+$2.99kDiamonds

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

Product Space of Armenia (Flag) and Namibia (Flag) (2022)

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