2022
Flag  
GDP
$219BCURRENT US$
Rnk 54 / 186
2012-2022
Flag
GDP GROWTH
-9.49%CURRENT US$
Rnk 174 / 186
2022
Flag
 GDP
$19.5BCURRENT US$
Rnk 117 / 186
2012-2022
Flag
GDP GROWTH
83.7%CURRENT US$
Rnk 25 / 186
2022
Flag
GDP PC 
$20,732CURRENT US$
Rnk 50 / 186
2012-2022
Flag
GDP PC GROWTH
-5.39%CURRENT US$
Rnk 154 / 186
2022
Flag
GDP PC
$7,014CURRENT US$
Rnk 91 / 186
2012-2022
Flag
GDP PC GROWTH
92.5%CURRENT US$
Rnk 10 / 186

About

Greece-Armenia Trade: In 2022, Greece exported $48M to Armenia. The main products that Greece exported to Armenia were Refined Petroleum ($19.5M), Aluminium Foil ($7.32M), and Aluminium Bars ($6.01M). Over the past 5 years the exports of Greece to Armenia have increased at an annualized rate of 11.4%, from $28M in 2017 to $48M in 2022.

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

Armenia-Greece Trade: In 2022, Armenia exported $1.52M to Greece. The main products that Armenia exported to Greece were Aluminium Foil ($1.25M), Other Furniture ($67.5k), and Other Footwear ($39.5k). Over the past 5 years the exports of Armenia to Greece have decreased at an annualized rate of 21%,  from $4.94M in 2017 to $1.52M in 2022.

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

Comparison: In 2022,  Greece ranked 50 in the Economic Complexity Index (ECI 0.33), and 57 in total exports ($55.7B). 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
Value

In 2022, Greece exported $48M to Armenia. The main products exported from Greece to Armenia were Refined Petroleum ($19.5M), Aluminium Foil ($7.32M), and Aluminium Bars ($6.01M). During the last 5 years the exports of Greece to Armenia have increased at an annualized rate of 11.4%, from $28M in 2017 to $48M in 2022.

In 2017, Armenia exported $1.52M to Greece. The main products exported from Armenia to Greece were Aluminium Foil ($1.25M), Other Furniture ($67.5k), and Other Footwear ($39.5k). During the last 5 years the exports of Armenia to Greece have decreased at an annualized rate of 21%, from $4.94M in 2022 to $1.52M in 2017.

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

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

Latest Data

Trade between Greece (Flag) and Armenia (Flag)

Greece Exports

Armenia Exports

Market Competitiveness

Color
Greece
Top Destination
Italy$5.82B
Armenia
Top Destination
Russia$2.36B

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

In 2022, countries that imported more from Greece than Armenia included Italy ($5.82B), Bulgaria ($3.62B), and Germany ($3.45B).

In 2022, countries that imported more from Armenia than Greece included Russia ($2.36B), Iraq ($250M), and United Arab Emirates ($535M).

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

Comparative Advantage Greece - Armenia

Flow
Scale

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

During 2022, Greece had a large net trade with Armenia in the exports of Mineral Products ($19.6M), Metals ($14.6M), and Chemical Products ($5.07M).

During 2017, Armenia had a large net trade with Greece in the exports of Metals ($1.25M), Miscellaneous ($69.6k), and Textiles ($41k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Greece Armenia+$1.83MRefined Petroleum
Top Product Potential Armenia Greece+$393kAluminium Foil

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Greece and Armenia. This means that a dot/product with the flag of Greece indicates it has a comparative advantage over Armenia. Similarly, a dot/product with the flag of Armenia indicates it has a comparative advantage over Greece.

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

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with