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Pricing

2022
Flag → Flag
Exports $21MRnk 23 / 129
2022
Flag → Flag
Top Product $7.36MAluminium Foil
2022
Flag → Flag
Exports $69.7MRnk 115 / 224
2022
Flag → Flag
Top Product $18.6MLarge Construction Vehicles
2022
Flag
Economic Complexity (ECI) ECI 0.00081Rnk 66 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
Flag  
GDP$19.5BCURRENT US$
Rnk 117 / 186
2012-2022
Flag
GDP GROWTH83.7%CURRENT US$
Rnk 25 / 186
2022
Flag
 GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 139 / 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$45,850CURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186

About

Armenia-United Kingdom Trade: In 2022, Armenia exported $21M to United Kingdom. The main products that Armenia exported to United Kingdom were Aluminium Foil ($7.36M), Non-Knit Men's Coats ($5.33M), and Rolled Tobacco ($2.2M). Over the past 5 years the exports of Armenia to United Kingdom have increased at an annualized rate of 32.6%, from $5.13M in 2017 to $21M in 2022.

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

United Kingdom-Armenia Trade: In 2022, United Kingdom exported $69.7M to Armenia. The main products that United Kingdom exported to Armenia were Large Construction Vehicles ($18.6M), Cars ($13.5M), and Non-fillet Fresh Fish ($1.94M). Over the past 5 years the exports of United Kingdom to Armenia have increased at an annualized rate of 17.5%,  from $26.5M in 2017 to $69.7M in 2022.

In 2022, United Kingdom 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, United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Armenia exported $21M to United Kingdom. The main products exported from Armenia to United Kingdom were Aluminium Foil ($7.36M), Non-Knit Men's Coats ($5.33M), and Rolled Tobacco ($2.2M). During the last 5 years the exports of Armenia to United Kingdom have increased at an annualized rate of 32.6%, from $5.13M in 2017 to $21M in 2022.

In 2017, United Kingdom exported $69.7M to Armenia. The main products exported from United Kingdom to Armenia were Large Construction Vehicles ($18.6M), Cars ($13.5M), and Non-fillet Fresh Fish ($1.94M). During the last 5 years the exports of United Kingdom to Armenia have increased at an annualized rate of 17.5%, from $26.5M in 2022 to $69.7M in 2017.

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

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

Latest Data

Trade between Armenia (Flag) and United Kingdom (Flag)

Armenia Exports

United Kingdom Exports

Market Competitiveness

Color
Armenia
Top DestinationRussia$2.36B
United Kingdom
Top DestinationUnited States$61.8B

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

In 2022, countries that imported more from Armenia than United Kingdom included Russia ($2.36B), Georgia ($260M), and Belarus ($74.6M).

In 2022, countries that imported more from United Kingdom than Armenia included United States ($61.8B), Netherlands ($41.9B), and Germany ($40.6B).

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

Comparative Advantage Armenia - United Kingdom

Flow
Scale

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

During 2022, Armenia had a large net trade with United Kingdom in the exports of Metals ($8.02M), Textiles ($7.45M), and Foodstuffs ($3.68M).

During 2017, United Kingdom had a large net trade with Armenia in the exports of Machines ($31M), Transportation ($15.1M), and Chemical Products ($5.66M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Armenia United Kingdom+$2.21MRolled Tobacco
Top Product Potential United Kingdom Armenia+$10.9MCars

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

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

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