Sign In
Pricing

2022
Flag → Flag
Exports $557MRnk 6 / 127
2022
Flag → Flag
Top Product $57MPetroleum Gas
2022
Flag → Flag
Exports $111MRnk 11 / 129
2022
Flag → Flag
Top Product $66.2MElectricity
2022
Flag
Economic Complexity (ECI) ECI 0.072Rnk 60 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.00081Rnk 66 / 133
2022
Flag  
GDP$389BCURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP GROWTH-39.7%CURRENT US$
Rnk 183 / 186
2022
Flag
 GDP$19.5BCURRENT US$
Rnk 117 / 186
2012-2022
Flag
GDP GROWTH83.7%CURRENT US$
Rnk 25 / 186
2022
Flag
GDP PC $4,388CURRENT US$
Rnk 116 / 186
2012-2022
Flag
GDP PC GROWTH-47.3%CURRENT US$
Rnk 183 / 186
2022
Flag
GDP PC$7,014CURRENT US$
Rnk 91 / 186
2012-2022
Flag
GDP PC GROWTH92.5%CURRENT US$
Rnk 10 / 186

About

Iran-Armenia Trade: In 2022, Iran exported $557M to Armenia. The main products that Iran exported to Armenia were Petroleum Gas ($57M), Refined Petroleum ($53.8M), and Raw Iron Bars ($46M). Over the past 5 years the exports of Iran to Armenia have increased at an annualized rate of 14.2%, from $287M in 2017 to $557M in 2022.

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

Armenia-Iran Trade: In 2022, Armenia exported $111M to Iran. The main products that Armenia exported to Iran were Electricity ($66.2M), Rolled Tobacco ($22.4M), and Copper Ore ($4.59M). Over the past 5 years the exports of Armenia to Iran have increased at an annualized rate of 4.69%,  from $88.3M in 2017 to $111M in 2022.

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

Comparison: In 2022,  Iran ranked 60 in the Economic Complexity Index (ECI 0.072), and 86 in total exports ($15.9B). 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, Iran exported $557M to Armenia. The main products exported from Iran to Armenia were Petroleum Gas ($57M), Refined Petroleum ($53.8M), and Raw Iron Bars ($46M). During the last 5 years the exports of Iran to Armenia have increased at an annualized rate of 14.2%, from $287M in 2017 to $557M in 2022.

In 2017, Armenia exported $111M to Iran. The main products exported from Armenia to Iran were Electricity ($66.2M), Rolled Tobacco ($22.4M), and Copper Ore ($4.59M). During the last 5 years the exports of Armenia to Iran have increased at an annualized rate of 4.69%, from $88.3M in 2022 to $111M in 2017.

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

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

Latest Data

Trade between Iran (Flag) and Armenia (Flag)

Armenia Exports

Market Competitiveness

Color
Iran
Top DestinationChina$5.72B
Armenia
Top DestinationRussia$2.36B

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

In 2022, countries that imported more from Iran than Armenia included China ($5.72B), Turkey ($3.17B), and Kuwait ($960M).

In 2022, countries that imported more from Armenia than Iran included Russia ($2.36B), Iraq ($250M), and Switzerland ($257M).

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

Comparative Advantage Iran - Armenia

Flow
Scale

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

During 2022, Iran had a large net trade with Armenia in the exports of Mineral Products ($161M), Metals ($142M), and Vegetable Products ($48M).

During 2017, Armenia had a large net trade with Iran in the exports of Mineral Products ($71.2M), Foodstuffs ($26.2M), and Machines ($4.94M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Iran Armenia+$2.08MEthylene Polymers
Top Product Potential Armenia Iran+$8.51MRolled Tobacco

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

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

Keep Exploring

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