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2022
Flag → Flag
Exports $294MRnk 121 / 219
2022
Flag → Flag
Top Product $129MCars
2022
Flag → Flag
Exports $84.2MRnk 13 / 129
2022
Flag → Flag
Top Product $28.7MJewellery
2022
Flag
Economic Complexity (ECI) ECI 1.47Rnk 10 / 133
2022
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Economic Complexity (ECI) ECI 0.00081Rnk 66 / 133
2022
Flag  
GDP$25.5TCURRENT US$
Rnk 1 / 186
2012-2022
Flag
GDP GROWTH56.7%CURRENT US$
Rnk 45 / 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 $76,399CURRENT US$
Rnk 8 / 186
2012-2022
Flag
GDP PC GROWTH47.5%CURRENT US$
Rnk 39 / 186
2022
Flag
GDP PC$7,014CURRENT US$
Rnk 91 / 186
2012-2022
Flag
GDP PC GROWTH92.5%CURRENT US$
Rnk 10 / 186

About

United States-Armenia Trade: In 2022, United States exported $294M to Armenia. The main products that United States exported to Armenia were Cars ($129M), Motor vehicles; parts and accessories (8701 to 8705) ($17.1M), and Computers ($15.8M). Over the past 5 years the exports of United States to Armenia have increased at an annualized rate of 22.7%, from $106M in 2017 to $294M in 2022.

In 2022, United States did not export any services to Armenia.

Armenia-United States Trade: In 2022, Armenia exported $84.2M to United States. The main products that Armenia exported to United States were Jewellery ($28.7M), Semiconductor Devices ($12.8M), and Hard Liquor ($6.97M). Over the past 5 years the exports of Armenia to United States have increased at an annualized rate of 4.44%,  from $67.8M in 2017 to $84.2M in 2022.

In 2022, Armenia did not export any services to United States.

Comparison: In 2022,  United States ranked 10 in the Economic Complexity Index (ECI 1.47), and 2 in total exports ($1.95T). That same year, Armenia ranked 66 in the Economic Complexity Index (ECI 0.00081), and 122 in total exports ($5.78B).

Company data: In 2023, leading companies such as were at the forefront of exporting goods from Armenia to the United States. Conversely, were notable for importing products to Armenia from the United States.

Latest Trends

June, 2024

About

Overview In June 2024, United States exported $20.7M and imported $11.9M from Armenia, resulting in a positive trade balance of $8.82M. Between June 2023 and June 2024 the exports of United States have increased by $3.69M (21.6%) from $17.1M to $20.7M, while imports increased by $3.52M (41.8%) from $8.41M to $11.9M.

Trade In June 2024, the top exports of United States to Armenia were Cars ($8.06M), Motor vehicles; parts and accessories (8701... ($4.28M), Delivery Trucks ($1.02M), Integrated Circuits ($443k), and Computers ($416k). In June 2024 the top imports of United States from Armenia were Semiconductor Devices ($701k), Water ($387k), Jams ($322k), Non-Knit Men's Coats ($315k), and Wine ($207k).

Origins In June 2024 the exports of United States were mainly from Texas ($5.58M), Michigan ($5.19M), California ($2.93M), Illinois ($1.35M), and Delaware ($1.04M), while imports destinations were mainly New York ($9.29M), California ($1.7M), Texas ($196k), New Jersey ($167k), and Florida ($141k).

Growth In June 2024, the increase in United States's year-by-year exports to Armenia was explained primarily by an increase in product exports in Cars ($6.63M or 462%), Motor vehicles; parts and accessories (8701... ($3.32M or 346%), and Computers ($298k or 254%). In June 2024, the increase in United States's year-by-year imports  from Armenia was explained primarily by an increase in product imports  in Semiconductor Devices ($534k or 321%), Jams ($238k or 282%), and Non-Knit Men's Coats ($232k or 278%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (June 2023 - June 2024)$3.69M(21.6%)
IMPORT GROWTH (June 2023 - June 2024)$3.52M(41.8%)
MAIN EXPORTER (June 2024)Texas$5.58M

This section shows exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United States over time.

To check Armenia and United States trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Armenia and United States Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, United States exported $294M to Armenia. The main products exported from United States to Armenia were Cars ($129M), Motor vehicles; parts and accessories (8701 to 8705) ($17.1M), and Computers ($15.8M). During the last 5 years the exports of United States to Armenia have increased at an annualized rate of 22.7%, from $106M in 2017 to $294M in 2022.

In 2017, Armenia exported $84.2M to United States. The main products exported from Armenia to United States were Jewellery ($28.7M), Semiconductor Devices ($12.8M), and Hard Liquor ($6.97M). During the last 5 years the exports of Armenia to United States have increased at an annualized rate of 4.44%, from $67.8M in 2022 to $84.2M in 2017.

Exports from United States (Flag) to Armenia (Flag) (2022)

Exports from Armenia (Flag) to United States (Flag) (2022)

Market Competitiveness

Color
United States
Top DestinationCanada$308B
Armenia
Top DestinationRussia$2.36B

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

In 2022, countries that imported more from United States than Armenia included Canada ($308B), Mexico ($294B), and China ($151B).

In 2022, countries that imported more from Armenia than United States included Russia ($2.36B), Iran ($111M), and Belarus ($74.6M).

Difference in imports from Armenia (Flag) and United States (Flag) (2022)

Comparative Advantage United States - Armenia

Flow
Scale

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

During 2022, United States had a large net trade with Armenia in the exports of Transportation ($156M), Machines ($46.8M), and Chemical Products ($31.9M).

During 2017, Armenia had a large net trade with United States in the exports of Precious Metals ($35.8M), Foodstuffs ($21.4M), and Machines ($13.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United States Armenia+$14.7MCars
Top Product Potential Armenia United States+$15.8MJewellery

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

Product Space of United States (Flag) and Armenia (Flag) (2022)

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