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2022
Flag → Flag
Exports $92.4MRnk 122 / 224
2022
Flag → Flag
Top Product $6.53MTractors
2022
Flag → Flag
Exports $216MRnk 7 / 129
2022
Flag → Flag
Top Product $198MFerroalloys
2022
Flag
Economic Complexity (ECI) ECI 1.11Rnk 23 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.00081Rnk 66 / 133
2022
Flag  
GDP$991BCURRENT US$
Rnk 18 / 186
2012-2022
Flag
GDP GROWTH18.1%CURRENT US$
Rnk 125 / 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 $55,985CURRENT US$
Rnk 12 / 186
2012-2022
Flag
GDP PC GROWTH11.8%CURRENT US$
Rnk 110 / 186
2022
Flag
GDP PC$7,014CURRENT US$
Rnk 91 / 186
2012-2022
Flag
GDP PC GROWTH92.5%CURRENT US$
Rnk 10 / 186

About

Netherlands-Armenia Trade: In 2022, Netherlands exported $92.4M to Armenia. The main products that Netherlands exported to Armenia were Tractors ($6.53M), Other live plants, cuttings and slips; mushroom spawn ($4.6M), and Vaccines, blood, antisera, toxins and cultures ($3.76M). Over the past 5 years the exports of Netherlands to Armenia have increased at an annualized rate of 14.2%, from $47.5M in 2017 to $92.4M in 2022.

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

Armenia-Netherlands Trade: In 2022, Armenia exported $216M to Netherlands. The main products that Armenia exported to Netherlands were Ferroalloys ($198M), Aluminium Foil ($12.8M), and Electric Furnaces ($1.28M). Over the past 5 years the exports of Armenia to Netherlands have increased at an annualized rate of 19.4%,  from $89M in 2017 to $216M in 2022.

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

Comparison: In 2022,  Netherlands ranked 23 in the Economic Complexity Index (ECI 1.11), and 6 in total exports ($674B). That same year, Armenia ranked 66 in the Economic Complexity Index (ECI 0.00081), and 122 in total exports ($5.78B).

Latest Trends

July, 2024

About

Overview In July 2024, Netherlands exported €4M and imported €1M from Armenia, resulting in a positive trade balance of €3M. Between July 2023 and July 2024 the exports of Netherlands have increased by €1M (33.3%) from €3M to €4M, while imports decreased by €-1M (-50%) from €2M to €1M.

Trade In July 2024, the top exports of Netherlands to Armenia were Crude vegetable materials, n.e.s. (€2M), Agricultural machinery (excluding tractors), and parts... (€1M), and Instruments and appliances, n.e.s., for medical,... (€1M). In July 2024 the top imports of Netherlands from Armenia were Pig-iron, spiegeleisen, sponge iron, iron or... (€15M) and Heating and cooling equipment, and parts... (€1M).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (July 2023 - July 2024)€1M(33.3%)
IMPORT GROWTH (July 2023 - July 2024)€-1M(-50%)

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

To check Armenia and Netherlands trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Armenia and Netherlands Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Netherlands exported $92.4M to Armenia. The main products exported from Netherlands to Armenia were Tractors ($6.53M), Other live plants, cuttings and slips; mushroom spawn ($4.6M), and Vaccines, blood, antisera, toxins and cultures ($3.76M). During the last 5 years the exports of Netherlands to Armenia have increased at an annualized rate of 14.2%, from $47.5M in 2017 to $92.4M in 2022.

In 2017, Armenia exported $216M to Netherlands. The main products exported from Armenia to Netherlands were Ferroalloys ($198M), Aluminium Foil ($12.8M), and Electric Furnaces ($1.28M). During the last 5 years the exports of Armenia to Netherlands have increased at an annualized rate of 19.4%, from $89M in 2022 to $216M in 2017.

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

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

Market Competitiveness

Color
Netherlands
Top DestinationGermany$131B
Armenia
Top DestinationRussia$2.36B

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

In 2022, countries that imported more from Netherlands than Armenia included Germany ($131B), Belgium ($94.3B), and France ($59.9B).

In 2022, countries that imported more from Armenia than Netherlands included Georgia ($260M).

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

Comparative Advantage Netherlands - Armenia

Flow
Scale

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

During 2022, Netherlands had a large net trade with Armenia in the exports of Machines ($18.3M), Transportation ($13.3M), and Vegetable Products ($10.2M).

During 2017, Armenia had a large net trade with Netherlands in the exports of Metals ($211M), Machines ($1.75M), and Textiles ($1.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Netherlands Armenia+$5.76MRefined Petroleum
Top Product Potential Armenia Netherlands+$1.55MHard Liquor

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

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

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